27019_WT Harris Blvd_BPA

Via Email and Federal Express (Std. Overnight) March 23, 2023

NCDEQ – Division of Waste Management Brownfields Program 1646 Mail Service Center Raleigh, North Carolina 27699-1646

Attn: Ms. Shirley Liggins Re: Brownfield Property Application 8131 E. W.T. Harris Boulevard
Charlotte, Mecklenburg County
H&H Project No. MEC-012 Dear Ms. Liggins:
On behalf of Mecklenburg County, enclosed find an electronic version of the signed and notarized
Brownfields Property Application package for the above-referenced Site in Charlotte, Mecklenburg County. An electronic copy of the environmental reports identified in Section IV. G. of the application is attached with this application. A hard copy with the original signature of the application is being sent directly to you via Federal Express. Mecklenburg County has elected to
participate in the Standard Track. The initial Standard Track fee will be provided upon
determination of Brownfields Program eligibility. We look forward to your response. If you have any questions or comments, please do not hesitate to contact me.

Sincerely,
Hart & Hickman, PC
Shannon Cottrill
Sr. Project Manager Enclosures cc: Ms. Carolyn Minnich, NC DEQ Brownfields (via Email)
Ms. Bethany Fritts, Ms. Jacqueline McNeil, Ms. Susan Hall, and Ms. Dena Diorio, Mecklenburg County (via Email)
FINANCIAL REPORT2022
MECKLENBURG COUNTY • NORTH CAROLINA
ANNUAL COMPREHENSIVE
For the fiscal year ended June 30, 2022
FINANCIAL REPORT2022
MECKLENBURG COUNTY • NORTH CAROLINA
INTRODUCTION
ANNUAL COMPREHENSIVE
For the fiscal year ended June 30, 2022
THE INTRODUCTION PROVIDES BACKGROUND
AND GENERAL INFORMATION ABOUT THE COUNTY
TABLE OF CONTENTS
INTRODUCTORY
Letter of Transmittal ...............................................................................................................i
Facts and Information ...........................................................................................................xi
Board of County Commissioners .........................................................................................xx
Organizational Chart ..........................................................................................................xxi
GFOA Certificate of Achievement .....................................................................................xxii
Financial Services Department ..........................................................................................xxiii
FINANCIAL
Report of Independent Auditor .............................................................................................1
Management’s Discussion and Analysis ..................................................................................4
BASIC FINANCIAL STATEMENTS
Government-wide Financial Statements
A - 1 Statement of Net Position (Deficit) ......................................................................................14
A - 2 Statement of Activities .........................................................................................................15
Fund Financial Statements
Governmental Funds
A - 3 Balance Sheet .......................................................................................................................16
A - 4 Statement of Revenues, Expenditures and Changes in Fund Balances ..................................17
A - 5 Reconciliation of the Statement of Revenues, Expenditures and
Changes in Fund Balances of Governmental
Funds to the Statement of Activities ....................................................................................18
A - 6 General Fund Statement of Revenues, Expenditures and
Changes in Fund Balance – Budget and Actual ...................................................................19
Proprietary Funds
A - 7 Statement of Net Position ....................................................................................................22
A - 8 Statement of Revenues, Expenses and Changes in Net Position ...........................................23
A - 9 Statement of Cash Flows ......................................................................................................24
Fiduciary Funds
A -10 Statement of Fiduciary Net Position ....................................................................................25
A -11 Statement of Changes in Fiduciary Net Position ..................................................................26
Notes to the Basic Financial Statements ...............................................................................27
REQUIRED SUPPLEMENTARY INFORMATION
B - 1 Local Governmental Employees’ Retirement System – Schedule of the
County’s Proportionate Share of the Net Pension Asset (Liability) .......................................83
B – 2 Local Governmental Employees’ Retirement System –
Schedule of County Contributions ......................................................................................84
B – 3 Law Enforcement Officers’ Special Separation Allowance –
Schedule of Changes in Total Pension Liability and Covered Payroll ....................................85
B – 4 Registers of Deeds’ Supplemental Pension Fund - Schedule of the
County’s Proportionate Share of the Net Pension Asset (Liability) .......................................86
B – 5 Registers of Deeds’ Supplemental Pension Fund -
Schedule of County Contributions ......................................................................................87
B – 6 Post Employment Benefit Healthcare Plan – Schedule of Changes in the
Net OPEB Liability and Related Ratios ...............................................................................88
B – 7 Post Employment Benefit Healthcare Plan – Schedule of Investment Returns ..........................89
B – 8 Post Employment Benefit Healthcare Plan – Schedule of County Contributions .....................90
COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES
Nonmajor Governmental Funds
Nonmajor Governmental Funds Descriptions......................................................................93
C - 1 Combining Balance Sheet ....................................................................................................94
TABLE OF CONTENTS
C - 2 Combining Statement of Revenues, Expenditures and Changes
in Fund Balances .................................................................................................................95
Special Revenue Funds
C - 3 Combining Balance Sheet ....................................................................................................96
C - 4 Combining Statement of Revenues, Expenditures and Changes
in Fund Balances ................................................................................................................97
Capital Projects Funds
C - 5 Combining Balance Sheet ....................................................................................................98
C - 6 Combining Statement of Revenues, Expenditures and Changes
in Fund Balances .................................................................................................................99
C - 7 Statement of Revenues, Expenditures and Changes
in Fund Balances Pay-As-You-Go Capital Funding ............................................................100
C - 8 Statement of Revenues, Expenditures and Changes
in Fund Balances 2021A School Bonds ..............................................................................101
Other Financial Schedules
Custodial Funds
D - 1 Combining Statement of Fiduciary Net Position ...............................................................102
D - 2 Combining Statement of Changes in Fiduciary Net Position .............................................103
Other Budgetary Schedules
Debt Service Fund
E – 1 Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – Debt Service Fund ............................................................................104
Special Revenue Funds
F - 1 Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – Storm Water Management ................................................................105
F - 2 Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – Law Enforcement Service District .....................................................106
F - 3 Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – Transit One-half Cent Sales Tax ........................................................107
F - 4 Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – Scrap Tire Disposal ...........................................................................108
F - 5 Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – Discarded White Goods ....................................................................109
F - 6 Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – Register of Deeds ..............................................................................110
F - 7 Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – Fire Service Districts .........................................................................111
F - 8 Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – Child Support Reinvestment .............................................................112
F - 9 Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – Coronavirus Relief ............................................................................113
F - 10 Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – Emergency Rental Assistance ............................................................114
F - 11 Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – Emergency Rental Assistance 2 .........................................................115
F - 12 Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – Fee Collection For State ....................................................................116
F - 13 Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – Representative Payee .........................................................................117
F - 14 Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – State Emergency Rental Assistance ....................................................118
F - 15 Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – State Emergency Rental Assistance 2 .................................................119
TABLE OF CONTENTS
F - 16 Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – American Rescue Plan Act.................................................................120
Proprietary Funds
G - 1 Schedule of Revenues and Expenses – Budget (Modified Accrual Basis)
and Actual – Solid Waste Operating Fund .........................................................................121
G - 2 Schedule of Revenues and Expenditures – Budget and
Actual (Non-GAAP) - Landfill Closure and Postclosure Reserve Fund ...............................122
G – 3 Schedule of Revenues and Expenditures –
Budget and Actual (Non-GAAP) – Special Obligation Bond Fund ....................................123
Internal Service Funds
Internal Service Funds Descriptions ...................................................................................124
H - 1 Combining Statement Of Net Position ..............................................................................125
H - 2 Combining Statement Of Revenues, Expenses And Changes In Net Position ....................126
H – 3 Combining Statement of Cash Flows .................................................................................127
STATISTICAL
Statistical Section Summary ...............................................................................................129
Financial Trend Information
Table 1 Net Position by Component ..............................................................................................130
Table 2 Change in Net Position......................................................................................................131
Table 3 Fund Balances, Governmental Funds .................................................................................132
Table 4 Changes in Fund Balances, Governmental Funds ..............................................................133
Table 5 Governmental Tax Revenues by Source ..............................................................................134
Revenue Capacity Information
Table 6 Analysis of Current Tax Levy .............................................................................................135
Table 7 Schedule of Ad Valorem Taxes Receivable ..........................................................................136
Table 8 Assessed and Estimated Actual Value of Taxable Property ..................................................137
Table 9 Property Tax Rates Per $100 Assessed Valuation – Direct and
Overlapping Governments .................................................................................................138
Table 10 Principal Taxpayers ............................................................................................................139
Table 11 Property Tax Levies, Tax Collections and Credits ...............................................................140
Debt Capacity Information
Table 12 Schedule of Bonds Payable .................................................................................................141
Table 13 Schedule of Installment Financings ....................................................................................142
Table 14 Ratios of Outstanding Debt by Type..................................................................................143
Table 15 Ratio of Net General Bonded Debt to Assessed Valuation and
Net Bonded Debt Per Capita .............................................................................................144
Table 16 Computation of Direct and Overlapping Governmental Activities Debt............................145
Table 17 Computation of Legal Debt Margin ..................................................................................146
Demographic and Economic Information
Table 18 Demographic Statistics ......................................................................................................147
Table 19 Principal Employers ...........................................................................................................148
Operating Information
Table 20 Full-time Equivalent County Employees ...........................................................................149
Table 21 Operating Indicators by Function/Program .......................................................................150
Table 22 Capital Asset Statistics by Function/Program .....................................................................151
FINANCIAL REPORT2022
MECKLENBURG COUNTY • NORTH CAROLINA
ANNUAL COMPREHENSIVE
For the fiscal year ended June 30, 2022
MECKLENBURG COUNTY, NC
ANNUAL COMPREHENSIVE FINANCIAL REPORT i
LETTER OF TRANSMITTAL
Mecklenburg County
David Boyd
Chief Financial Officer
December 22, 2022
The Board of County Commissioners and County Manager
Mecklenburg County
Charlotte, North Carolina
The State requires that all general-purpose local governments
publish a complete set of audited financial statements, presented in
accordance with generally accepted accounting principles (GAAP)
and audited in accordance with generally accepted auditing stan-
dards by a firm of licensed, certified public accountants. Pursuant
to this requirement, we hereby issue the Annual Comprehensive
Financial Report (ACFR) of Mecklenburg County for the fiscal
year ended June 30, 2022.
County management assumes full responsibility for the complete-
ness and reliability of the information contained in this Report,
based upon a comprehensive framework of internal control that it
has established for this purpose. Because the cost of internal control
should not exceed anticipated benefits, the objective is to provide
reasonable, rather than absolute, assurance that the financial state-
ments are free of any material misstatements. As management, we
assert that, to the best of our knowledge and belief, this financial
report is complete and reliable in all material aspects.
The financial statements have been prepared in compliance with
applicable General Statutes of North Carolina and accounting
principles generally accepted in the United States of America for
governmental entities. Cherry Bekaert LLP, an independent public
accounting firm, has issued an unmodified (“clean”) opinion on the
financial statements. Their opinion is located at the beginning of
the Financial Section of the Report. The audit was also designed
to meet the requirements of the OMB Uniform Guidance, as well
as the State Single Audit Act, N.C.G.S.159-34 and the required
reports are issued separately.
GAAP requires management to provide a narrative introduction,
overview, and analysis to accompany the basic financial statements
in the form of Management’s Discussion and Analysis (MD&A).
The MD&A immediately follows the Report of the Independent
Auditor. This Letter of Transmittal complements the MD&A, and
the two should be read together.
PROFILE OF THE GOVERNMENT
Mecklenburg County was created from a portion of Anson County
through a petition that was granted on December 11, 1762, by the
Provincial Assembly, effective February 1, 1763. During the colo-
nial period, a governor appointed by the King of England admin-
istered the County. Settlers chose the name Mecklenburg for their
county in the hopes of gaining favor with King George III. His
wife, Queen Charlotte, was born in the German province of Meck-
lenburg. When Mecklenburg was established, it was considerably
larger than it is today. Portions of what are now Cabarrus, Union,
Lincoln, Rutherford, Cleveland and Gaston Counties in North
Carolina and part of South Carolina were all once in Mecklenburg
County. The City of Charlotte was incorporated on November 7,
1768 and was chosen as the county seat in 1774.
The current boundaries of the County were established in 1842.
County officials continued to be appointed by the governor until
1868. The Constitution of North Carolina was rewritten in that
year to allow citizens, for the first time, to elect officials to govern
them at the county level. This form of government is still in prac-
tice today with the governing body known as the Board of County
Commissioners (the Board). In 1963, the Board adopted the
County Manager form of government and appointed a County
Manager to perform the administrative duties of the County.
The Board has six district and three at-large members. Elections
for Board members are held in November of even-numbered years,
and candidates run for office as members of a political party. Any
registered voter is eligible to run for Commissioner. Following the
election, Commissioners take office at the first meeting in Decem-
ber. At this meeting, the Board elects a chair and vice-chair from
among its members.
The Board appoints several officials to help carry out the County’s
business: a County Manager, who serves as chief executive officer; a
County Attorney, who serves as legal advisor to the Board; a Direc-
tor of Financial Services, who provides required financial informa-
tion and guidance for planning and conducting fiscal management
in operating the County; a Clerk to the Board, who is responsible
for keeping official Board records and preparing official minutes
of all Board meetings, a County Assessor, who is responsible for
discovering, listing, and appraising all real and personal property
in accordance with North Carolina General Statutes, and a County
Tax Collector who administers the tax laws and collection of taxes
due.
The County provides the following primary services: land use,
including listing and appraising all real and personal property, and
regulating the development of land and construction of residential,
commercial, and industrial facilities; recreation and cultural activi-
ties; human services, including social services, public health, mental
health and environmental health; detention and court support;
and general administration. The County also provides support for
education, public libraries, and emergency medical service.
ii MECKLENBURG COUNTY, NORTH CAROLINA
LETTER OF TRANSMITTAL
The County represents a primary government as defined by Govern-
mental Accounting Standards Board Statements 14 and 39, as
amended by Statement 61. In addition to the primary government,
the basic financial statements include the discrete presentation of
three legally separate entities, the Public Library of Charlotte and
Mecklenburg County, the Mecklenburg County Alcoholic Bever-
age Control Board, and the Mecklenburg Emergency Medical
Services Agency. These entities are component units of the County
as defined by the Governmental Accounting Standards Board.
State Statutes require the adoption of an annual balanced budget for
all funds, except those authorized by project ordinance. The final
budget, which the Board of County Commissioners must approve
by July 1st each year, serves as the foundation for the County’s
financial planning and control. The budget is prepared in accor-
dance with the County’s Strategic Business Plan that identifies the
priority of County programs and is organized by fund, function
and department. The County’s goal is to create a culture of strate-
gic thinking which aligns goals and objectives with programs and
services. During the fiscal year, the County Manager or her desig-
nee is authorized to transfer budgeted amounts within any fund;
however, any revisions that alter the total budget of any fund must
be approved by the Board of County Commissioners.
LOCAL ECONOMY
The County is the second largest banking center in the United States
and is the 41st largest county in the nation, with a population of
1,154,783. The financial sector includes the corporate headquarters
for Bank of America, Truist Financial and Wells Fargo’s east coast
center of operations. A branch of the Federal Reserve Bank of Rich-
mond, mortgage banks, financial institutions, credit unions, and
accounting firms are also located in the County.
Companies relocating to the County are likely to weigh cost of
living, quality of life and state and local governments’ ability to
foster economic growth. North Carolina, Mecklenburg County,
and the City of Charlotte have long boasted a AAA credit rating.
Local governments here also have a long history of working together
with businesses and community groups to foster an inclusive busi-
ness environment.
Mecklenburg County’s unemployment rate in June 2022 was
3.9%, a decrease from 5.5% in June 2021. The County’s unem-
ployment rate was below the North Carolina rate of 4.1% and
is lower than the national rate of 3.8%. Employment numbers
increased by 37,641 jobs to 587,024 from the prior year June
amount of 624,665.
Notable announcements this fiscal year include H-T-L perma USA
(perma USA), the expert in lubrication solutions and market leader
in the field of single-point lubrication. Perma USA will move to a
new campus in Charlotte’s southwest corridor, which will house a
headquarters, production, and warehouse facility. The new facility
is perma’s biggest expansion and investment outside of its native
Germany and is an integral part of perma USA’s growth strategy
in the Americas.
In March 2022, Guided Insurance Solutions, LLC announced the
opening of its 60,000+ square foot office space in Charlotte at the
Edison Building. This office will house Guided Solutions’ Charlotte
Sales Center which provides insurance solutions for individuals and
businesses throughout the Southeast, Midwest, and now moving
West. The firm has already opened and filled 150 new jobs in 2022.
Also, in March 2022 Brightspeed announced it signed a lease agree-
ment to establish its corporate headquarters in Charlotte, North
Carolina. Brightspeed will occupy 27,000 square feet of space
located in the east tower of Vantage South End at 1120 South
Tryon St. in the heart of Charlotte’s vibrant South End neighbor-
hood. Brightspeed’s office will house corporate functions includ-
ing legal, marketing, finance, and human resources, supporting the
company’s planned network build throughout its 20-state footprint.
Brightspeed expects to hire for more than 100 positions based in
the greater Charlotte area.
The County’s housing market has experienced large increases in
home prices, with the average prices as of June up 25.5% compared
to the national market which is up over the same time as measured
by the Case Schiller Index. In June of 2022, the inventory of homes
ANNUAL COMPREHENSIVE FINANCIAL REPORT iii
LETTER OF TRANSMITTAL
available for sale totaled 1,913, or 1.1-months’ supply of housing.
Homes are selling on average within two weeks at 2.9% over the
sellers asking price.
REVENUE AND EXPENDITURE TRENDS
General governmental revenues were $2,125.5 million in 2022,
an increase of 48.3% over the last ten years. Taxes and assessment
revenues have increased $557.5 for the same period, and the contri-
bution to total revenue remained the same at 80.4%. The percent-
age contribution of fee-based revenues, licenses and permits, as well
as charges for services to total revenues has increased over the last
ten years from 6.9% in fiscal year 2013 to 8.8% in fiscal year 2022.
Intergovernmental revenue contributed 11.9% to total revenues in
fiscal year 2013 and decrease slightly to 11.4% in fiscal year 2022.
General governmental expenditures were $2,260.4 million in 2022
and have increased 56.6% in the last ten years. Governmental
expenditures covered by tax revenues totaled $1,709.9 million,
decreasing from 79.9% in fiscal year 2013 to 75.7% in fiscal
year 2022. Costs of services continue to increase along with the
growth in populations served. This is particularly true for Health
and Human Services and Community Services where costs have
increased 58.7% and 54.3%, respectively. Business Partners costs
have increased 55.6% over the ten-year period reflecting the
increased contributions for public education. Land Use and Envi-
ronmental Services costs have increased 99.0% driven by the growth
in construction in the County.
LONG-TERM FINANCIAL PLANNING
The County employs long-term financial planning tools to help
ensure fiscal sustainability, while providing the services and neces-
sary capital investments to serve a dynamic and growing commu-
nity, including construction and renovation of schools, community
college facilities, parks, libraries and other government facilities.
The County has a Strategic Business Plan, employs a long-range
model for overall revenues and expenditures, and maintains a five-
year Capital Improvement Plan (CIP) for capital investments.
The current FY2019-2023 CIP includes $1,019.3 billion of Char-
lotte-Mecklenburg School capital projects to be funded through
general obligation school bonds and other debt financing. The
school bonds were approved by the voters in a November 7, 2017
county-wide referendum. In addition, the County assesses capital
needs annually, and may update the CIP to address emerging needs
or economic circumstances.
Mecklenburg County’s fiscal year 2023 Budget achieves four broad
goals:
1) Funds programs and services that align with the Board’s stated
priorities
2) Makes prudent decisions to protect the County’s financial
strength now and for the future
3) Strengthens Mecklenburg County through investments that
build resiliency in the community
4) Leverages the American Rescue Plan Act (ARPA) for long-
term investments
The FY2023 budget maintains the current tax rate of 61.69
cents. The Budget priorities reflect the County’s Strategic Busi-
ness Plan, and Board Priorities including, expanding affordable
housing, advancing environmental leadership, expanding Meck
Pre-K, improving workforce development, and reducing education
attainment gaps. In addition, the Board was intentional in stating
unequivocally that racial equity be a cross cutting factor across all
priority areas.
MAJOR COUNTY INITIATIVES
AFFORDABLE HOUSING: Under the priority of Affordable Housing,
the County has created a niche for itself by evaluating new housing
opportunities that serve our lowest income residents and that add
capacity in creative ways. As market conditions increase housing
costs, we will continue to see an increase in the number of people
needing affordable housing.
REDUCING EDUCATIONAL ATTAINMENT GAPS: New funding for this
priority totals $7.5 million and includes $4.2 million for new initia-
tives proposed by CMS including early learners support, early
college high school and personalized academic command of English
global academy, $3 million for the Carolinas Aviation Museum
which will build a new state of the art facility that will focus heavily
on STEM education, $250,000 for Out Teach to provide outdoor
learning labs at Title I schools and $55,000 for GenOne to provide
support for first generation college students.
ENVIRONMENTAL LEADERSHIP: The Board priority of Environmen-
tal Leadership has been on full display this year as the implemen-
tation of the Board’s Environmental Leadership Policy and the
accompanying Environmental Leadership Action Plan (ELAP)
has been moving ahead and will continue to bloom even more so
in Fiscal Year 2023. The Environmental Leadership Action Plan is
the blueprint that guides us as we protect and expand green space;
restore the natural environment; foster healthy environmental
iv MECKLENBURG COUNTY, NORTH CAROLINA
LETTER OF TRANSMITTAL
conditions for the benefit of residents and being a model of envi-
ronmental stewardship within the region. The goal of the Envi-
ronmental Leadership Action Plan is to achieve a net zero carbon
footprint by 2035.
MECK PRE-K: The County is leading the way in implementing volun-
tary, universal public pre-k for all 4- year-old children. The Meck
Pre-K program did an exceptional job of navigating the pandemic
to meet the needs of children and families. As our community
continues to normalize, we anticipate filling the classrooms to
capacity and providing a nurturing learning experience for our
students. The FY2023 Adopted Budget includes over $23 million
for Meck Pre-K to maintain our current capacity of 105 class-
rooms, serving 1,890 children. However, additional funds have
been added to increase the rates that the Meck Pre-K providers
can be reimbursed which will help recruit and retain qualified lead
and assistant teachers.
WORKFORCE DEVELOPMENT: The County is focused on identifying
strategies that improve skills and training required for current jobs
and the jobs of the future. This includes increasing funding for the
partnership between LUESA and Autism After 18, which will add
2 Technician positions. Realigning $100,000 to support employ-
ment services training for recipients of Food and Nutrition services.
This training will increase employment skills and job opportunities
for residents receiving SNAP benefits. Other initiatives include the
Office of Economic Development’s Business LaunchPad Program;
$235,000 for “Road to Hire,” IT career opportunities, $122,000 for
a partnership with CPCC to provide Medic training, in addition
Mecklenburg County’s Unified Workforce Development program
was recently awarded 1 million dollars in Community Project Fund-
ing through a request by Congresswoman Alma Adams. Expanded
services will include opportunities for paid vocational or on-the-job
training, and supportive services such as transportation and hous-
ing assistance. While Unified Workforce Development tradition-
ally provides residents with multiple barriers to employment with
individualized support and job retention services, these funds will
allow the program to serve two additional populations: Graduating
high school seniors who are foregoing college to enter the workforce
or a vocational trade and underemployed or unemployed residents
with limited access to training.
REDUCING RACIAL DISPARITIES: Improving access to healthy food &
providing small business owners access to capital. Fund generational
wealth equity investments, support the expansion of primary care
health services in partnership with StarMed and The Blessing Foun-
dation, expansion of food security initiatives in the Public Health
Department, fund the Our Smile Dental Collaborative in partner-
ship with Lake Norman Community Health Clinic. These invest-
ments are in addition to the $15.9 million in ARPA funds approved
by the Board of County Commissioners in March. Those funds will
be invested in food delivery services, park improvements in under-
served areas, summer camp scholarships for low-income children,
and English as a second language and citizenship preparation.
STRATEGIC RECOVERY PLAN: In March 2022, the American Associa-
tion of Pediatrics released early data about the social and emotional
impacts of the pandemic. Experts are still trying to determine
the breadth and depth of these impacts, but we know that social
disruption, isolation, increased stress, and reduced access to care
have impacted children and families. To address this, funding for
behavioral health supports is included in multiple department
budgets as well as the ARPA appropriations.
EDUCATION: Central Piedmont is a key community partner respon-
sible for helping students achieve academic success. They are the
most important institution we have for workforce development
and creating career paths for students of all ages, backgrounds, and
income levels. Central Piedmont serves over 50,000 students annu-
ally through its diverse array of program offerings.
LIBRARY: The Charlotte Mecklenburg Library is one of Ameri-
ca’s leading urban public libraries, serving Mecklenburg County
to create a community of readers and empower individuals with
free access to information and ideas. Through physical locations,
targeted outreach and digital content, the library delivers excep-
tional services and programs. This year, Mecklenburg County is
opening a new branch library in an underserved area. The Adopted
Budget for Fiscal Year 2023 includes $1.8 million for 18 new posi-
tions and operating costs for the new Pineville Library. This effort
has been an extraordinary partnership between the County, the
Library, and the Town of Pineville.
SHERIFF’S OFFICE: The State Department of Health and Human
Services recently directed the Sheriff to reduce the jail population
to maintain appropriate staffing ratios for the safety and security
of both staff and residents. This has been accomplished in part by
reducing the number of federal prisoners housed at the detention
center. The Adopted Budget assumes that the average daily number
of federal prisoners will be reduced to 250 resulting in an annual
revenue reduction of $16.7 million. The revenue reduction has been
mitigated through a series of operating budget reductions includ-
ing closure of the juvenile detention facility effective December 1st,
2022, freezing 90 vacant positions, and reducing other ancillary
operating costs. Even with these reductions, the on-going cost to
the County will be $4.5 million annually.
COURTS: The County is steadfast in its commitment to our court
officials including the District Attorney, Public Defender, the
Clerk of Court and Trial Court Administrator. While not a county
responsibility, we recognize the need to provide justice swiftly and
equitably in our County. The pandemic and sustained closure of the
courts had a significant impact on staffing, wait times and a sharp
increase in the backlog of cases. To address some of these concerns,
the Adopted Budget includes a total increase of $884,000 to fund
the annual contract with the Administrative Office of the Courts,
provide 2 additional court assistants to reduce the backlog of cases,
provide salaries for Assistant District Attorney’s and Public Defend-
ers that are comparable to State funded positions, and continue to
ANNUAL COMPREHENSIVE FINANCIAL REPORT v
LETTER OF TRANSMITTAL
digitize paper files for the Public Defender’s Office.
MEDIC: MEDIC employees have performed above and beyond
during the pandemic, and we need to compensate these individu-
als appropriately. As with other agencies, recruitment and reten-
tion of MEDIC employees continues to be a challenge. To address
this, the FY2023 Adopted Budget includes: $3.5 million in salary
adjustments to increase the minimum wage of Emergency Medical
Technicians to $20 per hour, increase the minimum salary of Para-
medics to $25 per hour, and ensure that all other employees receive
a 5% salary increase In addition, the Adopted Budget includes: $1
million for scheduled replacement of MEDIC’s network technol-
ogy; $637,000 for MEDIC liability and property insurance which
includes vehicle operation, malpractice, cybersecurity, and theft
coverage; $100,000 in additional ARPA funding for EMT recruit-
ment bonuses.
ARTS & CULTURE: It is important to enhance community through
experiences including art and culture, entertainment, festivals, and
events, and increasing access to arts, science, and history educa-
tion. The FY2023 Adopted Budget includes the following for
these enriching cultural experiences: $500,000 ongoing funding
to support Charlotte SHOUT! This multi-week festival celebrates
our community’s creativity and innovation through art, music, food,
and ideas and $250,000 in one-time funding for the upcoming
Mint Museum’s Picasso Exhibit.
BUSINESS OPERATIONS: The County’s internal services departments
are the backbone of our organization. The Fiscal Year 2023 Adopted
Budget provides increased funding for some internal services and
balances effective business operations with a respectful, flexible, and
innovative work culture.
HUMAN RESOURCES: The FY2023 Adopted Budget includes fund-
ing increases to improve our talent acquisition processes and bene-
fits management, including: $471,000 for 3 Recruiters and 2 Talent
Acquisition Specialists to accelerate the rate at which we can recruit
new talent to the organization; $275,000 to outsource the County’s
FMLA program to a third-party vendor; $324,000 in funding to
improve background screenings, file storage, and recruiting strate-
gies via LinkedIn.
ASSET AND FACILITY MANAGEMENT: Asset & Facility Management
maintains and operates our numerous County facilities. In recent
years, the County has made significant investments in physical secu-
rity at our facilities to ensure the safety of employees and customers
and Fiscal Year 2023 is no different.
INFORMATION TECHNOLOGY: Over the past two years, our Infor-
mation Technology Services Department (ITS) transformed how
County employees perform their daily tasks and are continuously
looking at innovative methods to improve service quality, security,
and overall efficiency of County services. The increase to ITS for
Fiscal Year 2023 is $1.6 million. Highlights of this increase include:
$370,000 to support an estimated 12% increase in the annual cost
of Microsoft 365 licenses for County employees; $350,000 for
afterhours support and response for enterprise IT security incidents;
$122,000 for one Identity & Access Administrator to manage the
processes which ensure only approved individuals have access to
sensitive IT data and systems.
COUNTY EMPLOYEES: This year our employees have pivoted, zoomed,
rallied, and most importantly powered through, and they did all
those things because they care -- at times, sacrificing their own
personal time, needs, or concerns -- all to help our community and
do this “work worth doing.” Appreciating employees is not enough.
The County must be a conscientious employer and take action to
recognize and retain high-performing employees, attract new talent,
and make business decisions that sustain our respected workforce.
Strategic planning and performance measurement continue to be a
major initiative of the County. The County has adopted a Strategic
Business Plan to structure and articulate the Board’s desired results,
the corporate strategies used to achieve these results, and the perfor-
mance measures that gauge the level of achievements.
vi MECKLENBURG COUNTY, NORTH CAROLINA
LETTER OF TRANSMITTAL
FISCAL YEAR 2022 COUNTY DEPARTMENTS ACCOMPLISHMENTS
Health and Human Services:
ƒCommunity Support Services (CSS) leadership and staff
continue to lead and support the work of the Charlotte-
Mecklenburg Housing and Homelessness Strategy
(CMHHS), which was launched in April 2021 as the first
comprehensive effort to address housing instability and
homelessness in Charlotte-Mecklenburg involving the public,
private, and non-profit sectors. The planning phase of this
work was completed in January 2022 with the release of the
A Home for All Strategic Framework, which provides recom-
mendations for the full housing continuum. CSS has lev-
eraged multiple means and methods that currently exist in
the Department to connect the data and information from
CMHHS to stakeholders by issuing toolkits, factsheets, and
other resources to raise awareness and increase engagement.
This includes leading the community release of the “A Home
for All Strategic Framework” as well as launching multiple
new series through the Charlotte-Mecklenburg Housing Data
Dashboard’s Building Bridges Blog to raise awareness about
the effort and unpack recommendations from the “A Home
for All Strategic Framework.” On June 9, 2022, Mecklenburg
County partnered with CMHHS and Charlotte Center City
Partners to announce the creation of an Enduring Structure
with the United Way of Central Carolinas (UWCC) as the
local non-profit lead agency. CSS leadership and staff will
continue to lead and support this next phase of work by man-
aging the contract with UWCC to carry out the implementa-
tion phase activities.
ƒCoordinated Entry staff and the Coordinated Entry Oversight
committee regularly hear from clients, homeless-serving orga-
nizations and community partners about how burdensome
the process is to obtain assistance in resolving a housing crisis.
Other communities have implemented system navigators as a
best practice to assist clients in resolving their housing crisis
even though there is a severe shortage of housing resources.
Mecklenburg County piloted a similar effort using Cares Act
funding to support two system navigators. The goal of this
system enhancement was to prevent the spread of COVID-
19 by keeping people housed or helping them quickly resolve
their homelessness without having to enter shelter. The
County received a North Carolina Department of Health and
Human Services – Emergency Solutions Grant (NCDHHS-
ESG) to provide salary and fringe benefits for two social
workers and funding to support security deposits, landlord
incentives and one to two months of rent. This pilot served
over 300 individuals and assisted over 120 people in securing
permanent housing over the course of the year. Funding for
the pilot expires August 2022.
ƒThe North Carolina Governor’s Working Group (NCGWG)
is charged with facilitating collaboration and coordination
among all Federal, State, and local agency partners to ensure
North Carolina is making government work for our veter-
ans. In March, NCGWG committees were formed to align
primary prevention efforts serving the whole health of the
veteran along the social determinants of health. Committees
formed include Benefits, Housing, Health Care, Education,
Employment, Social Enrichment, and Equity Health and
Wellness. Mecklenburg County Veterans Services is the chair
of the Benefits Committee for the state and will continue
to participate and actively influence other state initiatives
through the other committees.
ƒThe Jamie Kimble Foundation for Courage (JKFFC) invited
CSS’ Prevention Program to join a partnership with the
Charlotte Mecklenburg Schools (CMS) Title IX Office, CMS
ANNUAL COMPREHENSIVE FINANCIAL REPORT vii
LETTER OF TRANSMITTAL
student leaders, Teen Health Connection, and the Charlotte
Mecklenburg Police Department (CMPD) for the purpose
of developing new Title IX curriculum content for grades six
through twelve. Each age-appropriate lesson is designed to be
interactive, non-judgmental, and educational about key Title
IX concepts such as consent, sexual harassment, child sexual
abuse, dating violence, reporting, and violence prevention.
During FY23, CSS Prevention staff anticipate disseminating
the curriculum through a train-the-trainer model. JKFFC
and CMS will coordinate the implementation of the curricu-
lum throughout CMS.
ƒRealigning Housing and Homeless Divisions the Homeless
Services and Housing Innovation, Strategy, and Alignment
Divisions within CSS worked collaboratively to address home-
lessness and housing instability on both the client and system
levels. However, a vacancy at the leadership level provided an
opportunity to merge the divisions to create greater efficien-
cies in the strategies and service delivery. The two divisions
merged to create the Housing Innovation & Stabilization
Services (HISS) Division. The name highlights the division’s
goal to use creative, data-driven solutions to housing stabi-
lization. This improvement streamlines services and ensures
consistent, high quality service delivery of all CSS support-
ive services programs. A stronger alliance between housing
programs is being built with greater implementation of best
practices.
ƒCOVID-19 RESPONSE - Safe Hoteling: Social Distancing
The hotel for households 60 years old and older remained
open throughout FY22. Mental health services through ARJ
Cares began to provide services onsite. Clinicians report that
nearly all hotel guests have been engaged at some level. Since
the hotel opened in May 2021, 125 people have been served
with 54 people currently residing at the hotel. Over half of
the hotel exits have been to permanent housing. Encampment
Hotels - The encampment hotels that opened in FY21 as a
result of clearing a large encampment were successfully closed
in FY22. CSS provided oversight and leadership that ensured
hotel residents had access to mental health and substance use
services, peer support, workforce development, and housing
resources. As of the date of this report, 216 individuals had
been served through this project, with four individuals await-
ing placement in Roof Above’s permanent supportive housing
program opening in FY23. Of this total, 81 individuals exited
to permanent housing. Although 90 individuals remained
homeless at exit, a third were connected to a housing program
at exit. Quarantine and Isolation Motel Staffing - CSS took
over leadership and management from Public Health of the
Quarantine and Isolation (QI) hotel in Q1. Concurrently,
CSS worked with emergency shelters to assist in develop-
ing quarantine and isolation solutions as part of their shelter
systems. This led to a successful closure of the QI hotel at the
end of 2021.
ƒDepartment of Social Services (DSS) staff worked with Smart
Start of Mecklenburg County and a research team from
the University of North Carolina at Charlotte (UNCC) to
complete a prenatal-to-three (PN-3) landscape analysis. This
included a robust service index, detailed mapping, and con-
textual analysis based on focus groups and interviews with
families, service providers, and other stakeholders across
Mecklenburg County. In addition, staff helped lead the
County Manager’s updated Early Childhood Education
Executive Committee, comprised of community experts and
diverse stakeholders from across Mecklenburg County. The
Committee partnered with industry leaders at the Center for
the Study of Social Policy to lead this work and began drafting
a PN-3 action plan.
ƒCounty ECE staff worked with Child Care Resources, Inc.
(CCRI) and all internal partners to improve the monthly re-
porting on childcare subsidy and launched a dashboard to
better track this data. Through the efforts and investment of
the County’s Waitlist Reduction Initiative, there were 0 child
ages birth through five on the waitlist for childcare subsidy
throughout all FY22. County Health and Human Services,
DSS, and CCRI leadership collaborated to develop and launch
an expanded childcare subsidy program to support working
families with an additional $10.5M of underspent County
funds earmarked for other childcare subsidy initiatives.
ƒAlliance Health officially became Mecklenburg County’s
MCO on December 1, 2021.
ƒIn collaboration with the County Public Information staff,
DSS successfully developed an Information Sharing Hub
so AFM (Age-Friendly Mecklenburg) Committee members
could collaborate online, share information, and down-
load materials. Public Information also launched our AFM
website to help better inform the public and provide seniors
with easier access to identify programs and services targeting
older adults. In partnership with Public Information, AFM
announcements are now displayed on the 4th Street digital
billboard and other social media platforms. The committee
also selected ten Age-Friendly Ambassadors to support com-
munity outreach and manage the recommendations and im-
plementation process for each domain.
ƒPublic Health actively participated in implementing
NCCARE 360 for the following programs: Maternal and
Child Health, Trauma and Justice, CDSA, WIC, and HIV
Case Management. These programs use the system to assist
individuals and families with linkage to support services.
ƒThe Covid Response Unit (CRU) staff operated 432 events
and visited 7,659 locations throughout Mecklenburg County
in FY2022. CRU staff documented 103,012 interactions pro-
moting vaccination, educating the community about COVID,
and responding to complaints from the public. Additionally,
viii MECKLENBURG COUNTY, NORTH CAROLINA
LETTER OF TRANSMITTAL
CRU staff reached 44,740 households via door-to-door can-
vassing efforts.
ƒIn FY2022, the CRU coordinated 422 pop-up vaccination
clinics resulting in 6,125 vaccine doses administered, with
most of these doses being administered by clinical partners
in the community. The pop-up vaccination clinics were
hosted by partner organizations including but not limited
to businesses, churches, the jail, Charlotte-Mecklenburg
Schools and state-contracted vendors assisting the commu-
nity. Another 1,179 vaccine doses were administered through
the homebound vaccination and Doses-to-Doors initiatives
that brought vaccine to people who were unable to travel to
vaccine clinics. The MCPH clinics also administered 11,452
vaccine doses through our standing public health immuniza-
tion clinics. Most vaccine doses administered in coordination
with the CRU went to underserved and socially vulnerable
residents of Mecklenburg County.
Land Use and Environmental Services (LUESA):
ƒMcDowell Creek located in northwest Mecklenburg County
was designated as impaired/polluted by the North Carolina
Division of Water Resources (NCDWR) in 1998 because of
poor biological conditions. Since then, Mecklenburg County
Storm Water Services (MCSWS) in partnership with the
Towns of Huntersville and Cornelius have implemented pro-
grams to restore water quality in the watershed. A Low Impact
Development (LID) ordinance was adopted by the Town of
Huntersville in 2003 to mitigate the impact of new develop-
ment in the watershed. Non-point pollution sources continue
to be addressed through stream restoration projects and the
installation of retrofit stormwater control measures (SCMs).
These efforts have resulted in improvements in stream biology,
leading to NCDWR removing McDowell Creek from its im-
paired designation to meeting its water quality standards and
designated uses. This is the first time in the history of both
Mecklenburg County and the State that such significant im-
provements in water quality have been attributed to specific
enhancement measures.
ƒThe Solid Waste Management Program partnered with the
Carolina Panthers to offer recycling at all events held at Bank
of America Stadium. As a result, patrons have recycled ap-
proximately 25% more materials in FY22 than previously re-
cycled from that venue.
ƒLUESA served an additional 8,847 customers (849,348)
in FY 22 at the (four) Full-Service Recycling Centers. That
equates to over 2,800 customers for each day operated.
ƒLUESA issued a RFP for retrofitting the Metrolina MRF in
late FY22. This started the multi-year process to upgrade the
region’s largest recycling processing center (expected to be
completed in FY24).
Detention and Court Support Services:
ƒCriminal Justice Services (CJS) continues to make progress
in meeting its Safety and Justice Challenge goals and objec-
tives as it begins the process to sunset the project with the
MacArthur Foundation. Efforts to monitor the jail popula-
tion and release processes were modified in December 2021
in response to a request for assistance from the Mecklenburg
County Sheriff’s Office (MCSO). The MCSO was tasked by
the State in reducing the jail population to better align with
its staffing capacity. As a result, CJS along with the Superior
and District Court Judges’ Offices, District Attorney, Public
Defender worked together to develop a process to conduct
weekly reviews of MCSO data to identify misdemeanant de-
fendants who have been held in Jail Central for more than
seven days and felony defendants being held on bonds of
$5,000 or less. Once identified, prosecutors and defense at-
torneys begin engaging to determine if a pathway to exit the
jail pre-trial exists. This process is still underway at the request
of the MCSO.
ƒCriminal Justice Services (CJS) began making the Public
Safety Assessment (PSA) available to Magistrates in FY22.
The intended purpose of the project is to provide Magistrates
more information during arrest processing to help better
inform decisions surrounding jail bookings. Being that more
arrests are processed during the Magistrate Office’s second
shift, CJS has dedicated two Criminal Justice Specialists to
conduct PSA’s on persons brought to Arrest Processing by
law enforcement officers during second shift. The Criminal
Justice Specialists provide Magistrates with defendant risk
scores along with criminal history information. Magistrates
use the information to determine whether a person should be
booked into the jail or safely remain in the community while
awaiting first appearance.
ƒWith support from the MacArthur Foundation, Criminal
Justice Services (CJS) was able to take initial steps towards
offering more clinically focused supervision to defendants on
pretrial release. In FY22, the department created and hired a
Licensed Clinician to specifically provide support for Pretrial
Services. Many justices involved persons struggle with mental
ANNUAL COMPREHENSIVE FINANCIAL REPORT ix
LETTER OF TRANSMITTAL
illness however, the number of persons presenting with be-
havioral health challenges has increased since the onset of the
pandemic. That coupled with the lack of mental health sup-
ports available to the indigent and uninsured (which includes
many involved in the criminal justice system) has created
unique challenges for Pretrial Services Case Managers who
provide supervision. The addition of a Licensed Clinician
gives Pretrial Services staff direct access to expertise that allows
them to develop more supportive focused case management
plans for defendants awaiting case disposition.
ƒCriminal Justice Services (CJS) continues to work with other
jurisdictions interested in building out pretrial options in their
areas. As such, in FY22, CJS worked with the Vera Institute
to help establish the North Carolina State Network of pretrial
partner agencies. This network meets quarterly and is made
up of jurisdictions who have active pretrial service options
available and those who are interested in establishing them.
ƒCriminal Justice Services (CJS) continues to be a partner to
the North Carolina Attorney General’s efforts to promote
pretrial service options throughout the state. In partner-
ship with the Attorney General’s Office and the Governor’s
Taskforce on Racial Equity in Criminal Justice (TREC), CJS
presented on behalf of TREC at the North Carolina County
Commissioner’s Association conference on the importance
or pretrial justice and how such investments can have posi-
tive impact on racial inequalities experienced in the criminal
justice system.
Financial and Administrative:
ƒMecklenburg County Finance developed a public website with
an interactive PowerBi based dashboard in order to: Enhance
communication between the County and the public; Provide
line of site to the economic health of the County; Streamline
data and information into a singular area/ site for general ease
of use; Reword technical economic terms into terms that are
more understandable for the public.
ƒHuman Resources rolled out a new Performance Management
process. The LOE team rolled out training to the entire
County on the new process.
ƒHuman Resources rolled out a new County Driving Privileges
process that went into effective July 2022. This process gets
rid of the paper permits, streamlines the process, and takes
most of the work off the department and employees. We now
do a yearly MVR check which saves time, money, and the
number of staff needed to manage this process.
ƒInformation Technology Services successfully built an IT
Security Operations Command Center and optimized
7x24x365 alerting & response by implementing new data
feeds to the Security Incident and Event Management (SIEM)
tool. Additionally, capabilities were enhanced with migration
to cloud solution.
ƒThe 2021 American Rescue Plan Act (ARPA) provided $215.6
million in State and Local Fiscal Recovery Funds (SLFRF) to
Mecklenburg County to help manage the public health chal-
lenges and negative economic impacts from COVID-19. The
funds were issued in two tranches: half in 2021 and the other
half in June of 2022. To date, the County has invested over
$112M of our ARPA allotment. The investments are broken
out over five Strategic Priority Areas: Behavioral Health &
Health, Affordable Housing & Homelessness, Workforce &
Economic Development, Parks, Environment & Infrastructure
and Childcare & Early Childhood Development.
AWARDS AND ACKNOWLEDGEMENTS
ƒThe Government Finance Officers Association (GFOA)
awarded its Certificate of Achievement for Excellence in the
Financial Reporting for the Annual Comprehensive Financial
Report (ACFR) of Mecklenburg County for the year ended
June 30, 2021. This is the 47th consecutive year that the
County has received this prestigious award. In order to be
awarded this Certificate of Achievement, the government had
to publish an easily readable and efficiently organized ACFR
that satisfies both generally accepted accounting principles
and applicable legal requirements.
ƒThe County received the GFOA’s Distinguished Budget
Presentation Award for Fiscal Year 2023 budget document. To
qualify for the Distinguished Budget Presentation Award, the
government’s budget documents had to be judged proficient
as a policy document, a financial plan, an operations guide
and communication device.
ƒThe Office of Management and Budget received Special
Performance Measure Recognition for outstanding reporting
on the county’s progress towards its goal and objectives.
ƒThe Corporation for Supportive Housing recognized both
MeckFUSE and Keeping Families Together at its 30th
Anniversary and Supportive Housing Symposium. These per-
manent supportive housing programs were recognized due to
their success in creating safe and stable housing for house-
holds who are high utilizers of public and private systems.
ƒThe North Carolina Coalition to End Homelessness awarded
the Mecklenburg County SOAR (SSI/SSDI, Outreach,
Access, Recovery) Work Group with the GOLD North
Carolina SOAR Community Certification for completing
Gold-level requirements in staffing, collaboration, training,
follow-up, quality review, leadership, and planning. SOAR
helps individuals experiencing homelessness with disabling
conditions connect to mainstream benefits and entitlement
programs provided by the Social Security Administration.
Through SOAR, individuals can access healthcare through
the state Medicaid program, improving their health outcomes
and quality of life. The CSS SOAR Coordinator and active
SOAR Caseworkers from partner agencies in Mecklenburg
x MECKLENBURG COUNTY, NORTH CAROLINA
LETTER OF TRANSMITTAL
County meet monthly to maximize capacity, share resources,
and support community goals. Since CSS implemented
SOAR, the program has helped claimants in Mecklenburg
County access approximately $1.7 million in eligible benefits.
ƒCSS continues to be recognized as a local, state and national
leader on teen dating violence awareness, domestic violence,
veterans’ services, and ending and preventing homelessness.
CSS presented at several local, state and national trainings
and/or workshops including: two National Human Services
Data Consortium (NHSDC) conferences, 2022 Bringing it
Home: Ending Homelessness in North Carolina Conference,
2022 Housing First Partners Conference and a Built for Zero
Learning Session.
ƒThe Charlotte Ledger recognized a Community Support
Services staff member as a 40 over 40 recipients in recognition
of her leadership regarding the North End encampment and
in working to end and prevent homelessness in Mecklenburg
County.
ƒNC NCDAQ Team of the Year Land Use and Environmental
Services (LUESA) Mecklenburg County Air Quality’s moni-
toring team was recognized by the North Carolina Division
of Air Quality as “Team of the Year” for their leadership in
implementing air monitoring solutions for the gasoline leak
at Oehler Nature Preserve and widespread odors caused by a
paper mill in S.C.
Respectfully submitted,
David Boyd
Chief Financial Officer
ANNUAL COMPREHENSIVE FINANCIAL REPORT xi
FACTS AND INFORMATION
COUNTY ADMINISTRATION AND OPERATIONS
The nine-member Board of County Commissioners (the Board)
holds regular business sessions on the first and third Tuesdays of
each month and conducts a Public Policy Workshop on the second
and fourth Tuesday of each month. All meetings of the Board are
open to the public. Major duties of the Board include:
ƒAssessing and assigning priorities to the needs of the County
and establishing programs and services to meet those needs.
ƒAdopting an annual balanced budget to fund County pro-
grams and services.
ƒEstablishing the annual County property tax rate.
ƒAppointing officials, including members of County boards
and commissions, and certain County employees.
ƒRegulating land use and zoning outside the jurisdiction of
municipalities.
ƒEnacting policies concerning the operation of the County.
ƒEnacting local ordinances.
ƒAuthorizing certificates of participation to fund capital
projects.
ƒCalling bond referendums, entering into contracts and estab-
lishing new programs and departments.
Day to day operations of the County is the responsibility of the
County Manager. In this capacity, she is assisted by three Deputy
County Managers and a Deputy County Manager/Chief of Staff,
which together comprises the Executive Team. Reporting directly
to the Executive Team are the Department Directors. Major duties
of the County Manager include:
ƒSupervising and coordinating activities of County
Departments.
ƒImplementing all orders and policies of the Board.
ƒAttending all Board meetings and making recommendations
on appropriate matters of business.
ƒRecommending an annual budget and advising the Board of
the financial condition of the County.
ƒAppointing various employees.
ƒRepresenting the County in business with other agencies and
performing other duties assigned by the Board.
The County had 5,546 full-time equivalent employees at June 30,
2022 to provide the services mandated by State statutes and to meet
the needs identified by the Board. Table 20 in the Statistical Section
presents the distribution of employees between the core service
areas for the current year and the prior nine years for comparison.
FISCAL CONTROL
Once the annual budget is adopted each June by the Board, includ-
ing setting the property tax rate at a level necessary to produce
sufficient revenue to accommodate the budget, the Director of
Financial Services is responsible for monitoring expenditures of the
various County departments to prevent expenditures from exceed-
ing budget appropriations. Purchase orders and contracts are not
considered valid until the Director of Financial Services has certified
that funds are available to make payment upon satisfactory comple-
tion of the contract or delivery of the items ordered.
TAX RATE
The tax rate is set each year by the Board when the budget ordinance
is adopted and the rate reflects the property tax for every $100 of
assessed value. Exhibit 1 presents the County’s tax rates since fiscal
year 2017. The assessed value is determined by the County Asses-
sor’s Office, and N.C. General Statutes require a real property
revaluation at least once every eight years. The last revaluation was
completed on January 1, 2019 and applied to tax bills for fiscal
year 2020. The next revaluation, consistent with North Carolina
Statute, is projected to be effective January 1, 2023, and will apply
to tax bills for fiscal year 2024. In fiscal year 2017, the Board of
County Commissioners set the tax rate at 81.57 cents to maintain
County Services. This tax rate was the same until fiscal year 2019,
when the Board of County Commissioners set the tax rate at 82.32
cents. In fiscal year 2020, the Board of County Commissioners set
the tax rate at 61.69 cents, a decrease of 20.63 cents below the prior
year rate. The tax rate remained at 61.69 through fiscal year 2022.
PROPERTY TAXES
Real property and automobiles, boats, trailers and income-produc-
ing personal property are subject to property tax unless specifically
exempted by North Carolina statutes. Major property tax exemp-
tions granted by the statutes include governmental organizations,
charities, religious institutions, educational and cultural organiza-
tions, veterans’ organizations and fraternal lodges. North Carolina
County Tax Rate
*Revaluation
2019 2020* 2021
$0.8157
20222018
$0.6169 $0.6169 $0.6169
$0.8232
EXHIBIT 1:
xii MECKLENBURG COUNTY, NORTH CAROLINA
FACTS AND INFORMATION
statutes also exempt certain properties from listing for property
taxes, including burial properties, solid waste disposal equipment,
business inventory, cotton in storage (under certain conditions),
and air and water pollution equipment. Reduced assessments are
granted to owners of farms, historical properties, single residences
of the elderly, and certain disabled veterans. For fiscal year 2022, the
County’s exempted or reduced assessments totaled approximately
$26.0 billion in real and personal property valuation. Exhibit 2
shows the counties in the State with an assessed valuation exceeding
$10 billion as of January 1, 2022, their tax levies and rates.
COUNTY SERVICES
The services the County provides for its residents are
categorized into the four major areas described below.
HEALTH AND HUMAN SERVICES
The County’s Health and Human Services Agency (HHS) provides
essential services that are designed to protect and enhance the health
and well-being of the County’s residents. This area includes the
Department of Social Services (DSS), Public Health, Community
Support Services, and the Department of Community Resources.
PROPERTY TAXES IN NORTH CAROLINA
With Assessed Valuations Over $10 Billion
County Valuation Revaluation Tax Rate
Alamance $15,609,319,816 2017 $0.6600
Brunswick 31,383,828,920 2019 0.4850
Buncombe 48,128,555,892 2021 0.4880
Cabarrus 29,803,342,743 2020 0.7400
Carteret 16,764,756,215 2020 0.3300
Catawba 19,431,026,556 2019 0.5750
Chatham 13,836,716,022 2021 0.6650
Cleveland 10,516,861,346 2021 0.6875
Craven 10,249,175,175 2016 0.5600
Cumberland 24,340,570,609 2017 0.7990
Dare 17,043,820,855 2020 0.4005
Davidson 17,546,237,233 2021 0.5400
Durham 47,067,145,997 2019 0.7222
Forsyth 43,091,786,266 2021 0.6778
Gaston 21,118,753,121 2019 0.8300
Guilford 55,175,272,525 2017 0.7305
Henderson 17,068,933,491 2019 0.5610
Iredell 27,902,276,065 2019 0.5375
Jackson 11,467,707,901 2021 0.3600
Johnston 23,975,078,619 2019 0.7300
Lincoln 11,958,917,318 2019 0.6190
Mecklenburg 195,368,040,819 2019 0.6169
Moore 14,650,879,744 2019 0.5100
New Hanover 48,116,974,874 2021 0.4750
Onslow 15,472,136,360 2018 0.7050
Orange 21,978,885,056 2021 0.8187
Pitt 15,537,360,250 2020 0.6841
Randolph 12,278,228,837 2019 0.6327
Rowan 14,233,488,115 2019 0.6575
Union 36,609,130,617 2021 0.5880
Wake 193,338,379,225 2020 0.6000
Note: Amounts shown are for motor vehicles for which tax notices were issued in accordance with G.S. 105-330.5(a), during calendar year 2020, net releases made by that date.Source: For all Counties (other than Mecklenburg) - N.C. Department of Revenue, Tax Research Division,
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EXHIBIT 2:
ANNUAL COMPREHENSIVE FINANCIAL REPORT xiii
FACTS AND INFORMATION
DSS provides the services necessary to prevent or relieve economic
and emotional hardship, and to rally the community to improve
the quality of life for its residents. State and Federal agencies regu-
late the County’s social services programs, and over half the Social
Services funding comes from these sources. DSS is charged with the
countywide administration of all social services programs.
The major divisions of DSS are Economic Services, Services for
Adults, Youth and Family Services, and Clinical and Contractual
Services. The Economic Services Division administers federal and
state-mandated programs for eligible families who request food
and medical assistance. The Services for Adults Division provides
assistance to older and disabled adults to enhance customers’ self-
sufficiency, and to access available resources including Medicaid,
adult protective services, senior congregate nutrition, home deliv-
ered meals, transportation, community social work and monitor-
ing of adult group care homes. Youth and Family Services provides
services and information to protect children by strengthening the
capacity for self-sufficiency of families of Mecklenburg County
whose children’s health, welfare and safety are at risk due to their
circumstances or behavior which necessitates public intervention.
The Clinical and Contractual Services Division provides guid-
ance to address and resolve behavioral health issues and concerns
identified by Health and Human Services and by Criminal Justice
Services. All services promote independence and the highest qual-
ity of life in the least restrictive environment to delay or eliminate
placement in an institutional setting at a far greater cost.
Public Health services protect and promote the public’s health by
providing clinical services, environmental health, health policy
development and community engagement so that our community
is afforded the opportunity to make the healthy choice the easy
choice. Public Health is responsible for assessing health services and
needs in the community; mobilizing community action to address
them and protecting the health of the public by assuring that
essential services are provided. Services include health promotion
and education, communicable disease control, clinical preventive
services, dental health, public health laboratory services, epidemiol-
ogy, and vital statistics. Children’s Developmental Services provides
assessment, evaluation and treatment for developmentally delayed
infants and toddlers through age five.
The Community Support Services department is comprised of
four divisions. The Prevention and Intervention Services Division
addresses domestic violence, substance use, and violence preven-
tion. The division assists adult and teen victims of domestic violence,
offenders, and child witnesses by providing individual and group
counseling, safety planning and case management services. This
division also addresses the issue of addiction within the homeless,
domestic violence and incarcerated populations through jail and
shelter treatment programs. Also, a new mental health services
initiative is provided at the Men’s Shelter of Charlotte. In addition,
this division works to reduce violence through youth and commu-
nity violence prevention services. The Homeless Services Division
provides assessment, outreach and case management to individuals
and families who are homeless or working toward housing stability.
The Veterans Services Division assists military veterans and their
families to access benefits from the U.S. Department of Veterans
Affairs, the U.S. Department of Defense, and state and local agen-
cies. Housing Innovation, Strategy, and Alignment is responsible
for convening, coordinating and aligning Mecklenburg County
funding, programs and policy to comprehensively address housing
instability and homelessness.
The Department of Community Resources (DCR) strives to
improve the health and well-being of Mecklenburg residents, espe-
cially those in most need. Emphasizing education, prevention and
excellent customer service, DCR supports the core departments of
Mecklenburg County Health and Human Services by combining
service delivery at the state-of-the-art Community Resource Center
on Freedom Drive in Charlotte, North Carolina.
DETENTION AND COURT SUPPORT SERVICES
The Sheriff, Medical Examiner, Child Support Enforcement and
coordination with the courts fall within the Detention and Court
Support Services area. The Sheriff’s Office is responsible for the opera-
tion of all county funded detention facilities in Mecklenburg County
and provides security for judges, jurors, defendants and witnesses
and executes certain orders of the court by serving criminal and civil
processes.
The Sheriff has two main detention facilities. Detention Center
Central is a direct supervision facility which opened for occupancy
in February 1997. The building combines an arrest processing center
and a pre-trial detention facility. It also houses a full-service medical
component, which includes an infirmary, centralized property stor-
age, administrative services and various support services. Detention
Center North opened in 1994, and effective December 1, 2019 was
designated the Mecklenburg County Juvenile Detention Center. This
facility places an emphasis on resident programming. Juveniles are
housed in the portion of the facility that opened in 2010, that was
previously used to house the Youthful Offender population which
were designated as 16 and 17 years old. The unit population is
housed in smaller groups with an emphasis on education, structure
and counseling. Both facilities are medium-security detention centers
and hold residents awaiting trial or sentencing or both. Mecklenburg
County accepts residents from surrounding towns, municipalities,
US Marshal Service and the Charlotte-Mecklenburg Police Depart-
ment who do not have their own long-term lock-up.
The Mecklenburg County Medical Examiner’s Office serves as a
County agency operating within the auspices of the North Carolina
Medical Examiner system. The Mecklenburg County Medical Exam-
iner’s Office interacts with local, state and federal law enforcement
agencies to assist in investigations. In addition to providing reports,
the pathologists also conduct autopsies, external examinations and
testify in court as to the cause and manner of death.
xiv MECKLENBURG COUNTY, NORTH CAROLINA
FACTS AND INFORMATION
Child Support Enforcement (CSE) provides child support services
to ensure both parents are responsible for the financial support
of their children to the best of their ability. Core services include
locating parents, establishing paternity, establishing support orders
and collecting support. In addition, CSE strives to increase family
economic independence through innovative approaches that
promote the well-being of children such as the Empowering Fathers
ProgramCSE partners with the Court to manage cases through
administrative and judicial processes.
LAND USE AND ENVIRONMENTAL SERVICES
This service area works in partnership with the community to
enhance the quality of life through environmental stewardship
and economic vitality. Services provided are Air Quality, Code
Enforcement, Solid Waste, Storm Water Services and Geospatial
Information Services. Air Quality services include emission reduc-
tion, air monitoring, permitting and compliance assistance. Code
Enforcement provides building inspections, building permits and
plan review services. Solid Waste includes landfill operations, recy-
cling and waste reduction programs. Storm Water monitors and
protects water quality and assists with floodplain preparedness and
development. Geospatial Information Services (GIS) maintains
cadastral records, provides data and custom mapping and analysis,
and develops and coordinates the strategic applications of GIS data.
COMMUNITY SERVICES
Included in this service area are the Public Library of Charlotte
and Mecklenburg County (Library), Park and Recreation and the
Board of Elections. The Library, reported as a component unit in
the basic financial statements, provides research services, access to
reading and audio-visual materials as well as special programs for
children and senior citizens at the Main Library, ImaginOn, Joe &
Joan Martin Center, and 20 branch libraries and one online branch.
Park and Recreation offers a variety of educational, cultural and
recreational activities. This is accomplished through the programs
offered to the residents of the County at the numerous parks, green-
ways, recreation centers and golf courses located in 290 parks and
facilities on more than 21,000 acres of park land throughout the
County. The Board of Elections supervises and manages all activities
relating to elections, including voter registration and the operation
of voting sites and services. There are over 800,000 registered voters
using 195 precincts in the County as of June 2022.
OTHER SERVICE AREAS
The four major service areas are supported by the following general
operating departments: County Manager’s Office, Office of Manage-
ment and Budget, Financial Services, Human Resources, Information
Technology Services, Internal Audit, Legal, Asset & Facility Manage-
ment, Strategic Planning & Evaluation, Workforce Development/Liter-
acy and Public Information. Additionally, Business Partners contains
expenditures to the various agencies the County funds under statu-
tory regulations or contractual agreement: Charlotte-Mecklenburg
Schools, Central Piedmont Community College, Mecklenburg
Emergency Medical Services Agency and Mecklenburg County
Alcoholic Beverage Control Board.
THE COUNTY’S
ECONOMIC LANDSCAPE
GENERAL DESCRIPTION
Mecklenburg County is located in south central North Carolina on
the South Carolina border. Situated in the gently rolling Piedmont
region of the Appalachian Highlands, the County is approximately
180 miles from the Atlantic Coast, 390 miles southwest of Washing-
ton, and 250 miles northeast of Atlanta. Mecklenburg’s topography
varies from a mean sea level measurement of 840 feet at the northern
end to 532 feet at the southern boundary. The County has a land-
mass of 546 square miles which excludes approximately 26.5 square
miles of water resources provided by Lake Wylie, Mountain Island
Lake, Lake Norman, and the Catawba River. Mountain Island Lake
is the primary source of usable water for the County. The lakes, all
part of the Catawba River Basin, are utilized in the production of
electricity and provide recreational areas for the County.
The County has experienced population growth of 5.6% over the
last five years, as presented in the chart at Exhibit 3 and continues
to be the most populous county in the State. The County enjoys a
relatively comfortable year-round climate that makes it appealing to
residents and industry alike. The weather includes sunny or partly
sunny skies about eight months out of the year. Extreme tempera-
tures and severe weather are rare. Winters are mild with a January
average low temperature of 32 degrees. The average high tempera-
ture in July is 90 degrees. Average rainfall is 43 inches. The combi-
nation of moderate and reasonable humidity makes the County
well-suited for commerce and industry.
Source: For years 2018 - 2022 based on U.S. &HQVXV%XUHDX3ULRU\HDUVDUHUHVWDWHGWRUHŴHFWFKDQJHLQGDWDVRXUFH3RSXODWLRQHVWLPDWHIRU EDVHGRQHVWLPDWHIURP1RUWK
&DUROLQD2IƓFHRI6WDWH%XGJHWDQG0DQDJHPHQW
Population
Mecklenburg County
2022
2021
2020
2019
2018
1,154,783
1,138,138
1,131,342
1,115,571
1,093,901
EXHIBIT 3:
ANNUAL COMPREHENSIVE FINANCIAL REPORT xv
FACTS AND INFORMATION
GENERAL ECONOMIC INDICATORS
Gross Retail Sales, generally accepted as a reliable indicator as to how
well an economy is progressing, is shown in Exhibit 4 for the County.
The data is provided by the North Carolina Department of Revenue.
From fiscal year 2018 through fiscal year 2022 gross taxable sales
increased by 23.9%.
GROWTH OF THE TAX BASE
Exhibit 5 shows the increase in the tax base over the last five years.
Assessments for fiscal year 2018 were $127.0 billion increasing to
$195.9 billion in 2022, which is an 54.2% increase over 5 years.
Between fiscal years 2018 and 2022, the general tax levy increased
17.1% from $1.03 billion in 2018 to $1.21 billion in 2022. The Tax
Levy Per Capita for this period is presented in Exhibit 6. The tax
levy per capita has increased from fiscal year 2018 to fiscal year 2022.
The County’s ten principal taxpayers, as presented in Table 10 of
the Statistical Section, contribute 5.4% of total assessed valuation
and represent a wide range of industrial categories. Eight of the
ten principal taxpayers in fiscal year 2022 were listed as Principal
Taxpayers in fiscal year 2013.
TRANSPORTATION
Availability of transportation alternatives is a major appeal for
attracting businesses to the County. The County is served by Inter-
state Highways 77 (I-277) and 85 (I-485), which intersect in Char-
lotte; by U.S. Highways 21, 29, 52, 74, 521 and 601; and by N.C.
Highways 16, 24, 27, 49, 51, 73, 115 and 160. Major expansion,
maintenance and improvements of primary and secondary highways
within the County are primarily the responsibility of the State. Each
municipality within the County bears the primary responsibility for
its local street system; therefore, the County has no financial obli-
gation with respect to the construction and maintenance of roads.
Mecklenburg County is served by the Charlotte Area Transit System
(CATS). CATS’ mission is to improve the quality of life for every-
one in the greater Charlotte region by providing community-wide
transportation services while proactively contributing to focused
growth and sustainable regional development. In November 2007,
the CATS LYNX Blue Line light rail service between I-485 and
uptown Charlotte began service. In March 2018, CATS completed
its CATS Blue Line Extension. The light rail service is 18.9 miles
long and operates from I-485 at South Boulevard to UNC Char-
lotte’s main campus in University City.
During 2022, CATS bus and light rail ridership totaled approxi-
mately 5,945,000 and 2,600,000, respectively. CATS maintains
304 buses, 68 of which are hybrids and 42 light rail vehicles.
Rail and air service provide strong support for local commercial
operations. The County established an Inland Port in 1984, a
worldwide gateway linking importers and exporters globally. Char-
Gross Sales
(Billions)
20222018 20202019
$22.20 $23.80 $23.70
$26.09
$27.50
2021
EXHIBIT 4:
Assessed Valuations (billions)
2018 2019 2020*
6WDWH&HUWLƓHG Personal Property
Real Property
*Revaluation
0
20
40
60
80
100
120
140
160
180
$200
2021 2022
EXHIBIT 5:
*Revaluation
Tax Levy Per Capita
$946
$1,013 $1,039 $1,049
$964
20222018 2019 2020*2021
EXHIBIT 6:
xvi MECKLENBURG COUNTY, NORTH CAROLINA
FACTS AND INFORMATION
lotte also offers a Foreign Trade Zone and full U.S. Customs facili-
ties. The County is served by Norfolk Southern Railway and CSX
Transportation, the country’s two major rail systems which link the
County to 23 states, DC and Canada. Both main line railroads have
junctions within the County and offer reciprocal switching among
the lines as well as piggyback facilities that interface with trucking
companies in the area. Amtrak in Charlotte provides north and
south passenger lines that can connect to access most of the United
States. In December 2013, Norfolk Southern relocated its intermo-
dal facility to Charlotte-Douglas International Airport. The North
Carolina Department of Transportation added an interchange to
connect I-485 to the facility.
Charlotte Douglas International Airport (CLT) is ranked among
world’s busiest airports, with an average of 1,424 arrivals and depar-
tures and 118,636 people traveling to, from and through CLT each
day, according to Airport Council International’s 2021 rankings.
CLT offers nonstop air service to 183 destinations around the
globe and is home to eight major air carriers, 15 regional carri-
ers and three foreign flag carriers. In 2019, a record-breaking year,
CLT welcomed more than 50.2 million passengers for an aver-
age of 137,449 people a day. With the onset of the COVID-19
pandemic in early 2020, passenger numbers and flights decreased.
But numbers are climbing again. In 2021, passenger counts reached
43,302,230 and aircraft arrivals and departures rose to 519,895
for the year.
EMPLOYMENT AND THE ECONOMY
Exhibit 7 highlights the economic and employment diversity in the
County and presents corporations in the County.
Seven Fortune 500 companies are headquartered in the County – Bank
of America, Brighthouse Financial, Duke Energy, Honeywell, Nucor,
Sonic Automotive and Truist Financial. Lowe’s Home Improvement,
another Fortune 500, company is located in nearby Iredell County.
Exhibit 8 presents the average monthly unemployment rates for
each of the past six fiscal years. Exhibit 8 shows that the average
unemployment for Mecklenburg County has decreased slightly
from 4.1% for fiscal year 2018 to 4.0% for fiscal year 2022. The
County’s unemployment rate is slightly below the National rate as
of June 30, 2022.
Charlotte has retained home values better than other parts of the
Country. Exhibit 9 shows the average home prices as of June over
the last five years.
The largest employers by number of employees have remained
relatively consistent in recent years and showcase Mecklenburg
County’s economic profile. Some of the largest employers are in
the healthcare, banking, financial services and retail trade indus-
try. Exhibit 10 presents the firms located in Mecklenburg County
employing over 2,000 persons.
Industry Structure
Industry
Average
Employment
Agriculture, Forestry, Fishing & Hunting 844
Mining, Quarrying, and Oil and Gas Extraction 186
Utilities 1,825
Construction 37,621
Manufacturing 35,656
Wholesale Trade 38,013
Retail Trade 64,491
Transportation and Warehousing 56,063
Information 20,463
Finance and Insurance 82,873
Real Estate, Rental and Leasing 14,995
Professional, Scientific and Technical Services 65,076
Management of Companies and Enterprises 27,237
Admin & Support, Waste Mgmnt and Remediation Svcs 65,800
Educational Services 36,202
Health Care and Social Assistance 82,989
Arts, Entertainment and Recreation 13,139
Accommodation and Food Services 57,722
Other Services (Except Public Administration) 19,456
Public Administration 18,769
TOTAL 739,420
Note: Data may not sum to totals due to suppression of data
Source: N.C. Department of Commerce, 1Q 2022
EXHIBIT 7:
20202018 2019
Unemployment Rates
Average For Each Fiscal Year
MecklenburgU.S.
6.0%5.7%6.9%6.4%
4.1% 4.1%4.2% 4.0%3.8% 3.6%
2021 2022
Source: NC Department of Commerce
EXHIBIT 8:
ANNUAL COMPREHENSIVE FINANCIAL REPORT xvii
FACTS AND INFORMATION
EDUCATION
Public education in the County is provided by the Charlotte-Meck-
lenburg Schools, the 17th largest school system in the nation, based
on student enrollment as cited by the National Center for Educa-
tion Statistics. Exhibit 11 details enrollment in the Charlotte-Meck-
lenburg Schools for the last five years.
A nine-member Board of Education is the policy-making author-
ity. Board of Education members are elected to staggered four-year
terms on a non-partisan basis. Administrative responsibility is
vested in an appointed superintendent who serves as chief execu-
tive officer.
The Board of Education relies upon the County for local funds
needed to support public school current expense and capital outlay
needs. The total fiscal year 2021-2022 school operating budget was
approximately $2.12 billion: 45% provided by the State, 26% by
the County, 28% by the federal government and 1.0% other reve-
nue. Most local funds are used to supplement regular State salaries,
to hire extra teachers not provided for by the State and for opera-
tion and maintenance of school buildings.
The fiscal year 2021-2022 adopted budget included a $551.4
million allocation from the County for operational expenses of
the public school system. In accordance with the N.C. General
Statutes, the Board of Education must present its current expense
and capital outlay budget requests to the County by May 30 each
year. Appropriations to the Board of Education are discussed in the
County’s budget hearings and the approved amount for the schools
is appropriated in the County’s operating budget adopted by July 1.
For the 2021-2022 school year, the Board of Education operated 96
elementary schools, 49 middle schools, 32 high schools, and three
alternative schools. Charlotte-Mecklenburg School System had
student enrollment of 140,406 and employed 18,578.
The County’s support per student, exclusive of debt service and
based on total enrollment, is shown in Exhibit 12. From fiscal year
2018 to fiscal year 2022 there was an increase in the support per
pupil reflecting restoration of funding as the economy improved.
Charter schools in North Carolina were created through legislation
passed in 1997 by the North Carolina General Assembly. Charter
schools are separate entities and are not a component of the local
public school system. As part of the funding for charter schools, the
legislation requires a portion of the local County funds designated
for education to be redirected from the Board of Education to the
charter school where the County student attends.
Average Home Sales Price
Source: NC Association of Realtors
2019 2021 20222018 2020
200,000
250,000
300,000
350,000
400,000
450,000
500,000
550,000
EXHIBIT 9:
20,000 to 36,000
Employees
10,000 to 19,999
Employees
* Headquartered in the County
Source: Charlotte Regional Business Alliance
Employers of 2,000 or More Persons
Atrium Health*
Wells Fargo Company
American Airlines
Bank of America Corporation*
Charlotte - Mecklenburg Schools*
Novant Health
Wal-Mart Stores Inc.
City of Charlotte*
Duke Energy Corporation*
Harris Teeter Supermakets, Inc.*
Mecklenburg County*
State of North Carolina
United States Government
Adecco Staffing
AllState Insurance Co.
Belk*
Carowinds*
Central Piedmont Community College*
DMSI Inc.
Family Dollar Stores
Fedex Corp.
IBM Corp.
LPL Financial Services
Marriott International
McDonald's Corp.
Robert Half International Inc.
Spectrum
Staffmark Inc.
Target Corporation
TIAA - CREF
University of North Carolina at Charlotte*
YMCA of Greater Charlotte*
YUM Brands Inc.
5,000 to 9,999
Employees
2,000 to 4,999
Employees
EXHIBIT 10:
xviii MECKLENBURG COUNTY, NORTH CAROLINA
FACTS AND INFORMATION
Colleges and universities located in the County offer a range of
opportunities for higher education. The area offers the opportunity
to attend exceptional, small private colleges, church affiliated insti-
tutions, a community college or a large state university. Exhibit 13
presents the most recent enrollment data available for colleges and
universities within the County.
The University of North Carolina at Charlotte (Charlotte), part of
the State university system of colleges, is a Doctoral and Research
Intensive Institution, and has the largest research library in the
Southern Piedmont region with more than one million volumes.
UNC Charlotte’s first emphasis is on teaching, followed by applied
research and responsive public service. UNC Charlotte has 171
undergraduate majors with 79 programs leading to bachelor’s
degrees, 66 programs leading to Master’s degrees and 24 programs
leading to Doctoral degrees.
Central Piedmont Community College (CPCC) is one of the larg-
est community colleges in the Carolinas, offering nearly 300 for-
credit programs of study. Class instruction occurs at eight locations
throughout the County, and the college also offers online classes.
County funding is used for operating expenses, salary supplements
for professional and clerical employees and those items that are not
funded by the State. The County also issues debt for CPCC projects
that are included in the Capital Improvements Program and pays
the debt service on those financings.
There are other opportunities for secondary education in the Meck-
lenburg County area. Other major colleges and universities with
a presence in the County include Northeastern, Wake Forest, The
University of South Carolina, Pfeiffer, Wingate and Gardner-Webb.
MEDICAL
The health care sector is significant to the Charlotte area’s economy.
Per the Charlotte Regional Business Alliance, the health care sector
has a $20.0 billon impact on the region and employs 163,000 in
health care or life sciences. The largest employer in the Mecklenburg
EXHIBIT 11:
Year K-5 6-8 9-12 Special Total
Number Enrolled Percent ADM Enrolled Number of Schools
2021 - 2022 61,447 32,360 43,467 1,102 138,376 140,406 98.6% 180
2020 - 2021 62,150 32,368 42,075 1,497 138,090 140,073 98.6% 176
2019 - 2020 67,223 33,780 43,135 1,695 145,833 146,688 99.4% 176
2018 - 2019 68,483 33,036 43,058 1,603 146,180 147,352 99.2% 175
2017 - 2018 69,407 31,686 43,418 1,606 146,117 147,359 99.2% 176

Charlotte-Mecklenburg School Enrollment
Average Daily Memberships (ADM)
Source: Charlotte-Mecklenburg Board of Education
Support Per Pupil
2020
$3,538 $3,816 $3,867
20222018 2019
$2,943 $3,155
2021
EXHIBIT 12:
ANNUAL COMPREHENSIVE FINANCIAL REPORT xix
FACTS AND INFORMATION
County region is Atrium Health which has approximately 36,000
employees. Novant Health employs approximately 12,000 in the
area. Both Health Care systems have won numerous national and
regional awards.
CULTURAL AND RECREATIONAL ACTIVITIES
Theater, art and music offerings abound throughout the County.
Spirit Square and Discovery Place offer unique ways to discover
and participate in the arts and sciences. The Mint Museum of Art,
the Knight Theater, the Bechtler Museum of Modern Art and the
Harvey B. Gantt Center form the new Arts Campus in uptown
Charlotte offering an array of visual arts and bringing special exhi-
bitions to the County. The North Carolina Blumenthal Center for
the Performing Arts showcases the best in opera, chorus, symphony,
ballet, dance and theater in its 2,100 seat performance hall and 440
seat theater. ImaginOn, the Joe & Joan Martin Center, includes a
state of the art theater for children. The County also has its share
of historical sites and museums. The McIntyre Historic Site was
the scene of a Revolutionary War skirmish and later a gold mining
site. Latta Plantation was built around 1800 and the restored river
plantation house is now included in the park on the plantation
site. The old County Courthouse on East Trade Street is the site
of a monument to the signers of the Mecklenburg Declaration of
Independence. Collections and exhibits emphasizing the history
of Mecklenburg County are housed at the Charlotte Museum of
History and Hezekiah Alexander Homesite. The Levine Museum
of the New South traces the history of the area since the Civil War.
Concerts by nationally prominent groups and solo artists at the
Spectrum Arena, Ovens Auditorium, Bojangles Coliseum, PNC
Music Pavilion, Carowinds Palladium and North Carolina Music
Factory draw thousands for musical entertainment. The Festival in
the Park is an annual event featuring arts, crafts, food and music
for the entire family. Carowinds, a 398-acre amusement park that
straddles the North Carolina and South Carolina borders, is also
a popular destination for tourists seeking family entertainment.
The diverse assortment of recreational and cultural activities helps
make the County the most popular tourist destination in the State.
The County offers practically any sport or recreational endeavor one
would like to pursue. Recreational pleasures can be enjoyed at any
of the County’s parks or one of its five public golf courses. County
Park facilities include tennis courts, swimming pools, Ramsey
Creek Beach, spray grounds, community centers, picnic areas, ball
fields including Sportsplex at Matthews, fitness trails, dog parks,
mountain biking, fishing, canoeing, soccer fields, disc golf courses,
playground equipment, an equestrian center, Nature Centers, a
skate park, a dirt bike track and an indoor water park, Ray’s Splash
Planet. The County also operates a fully equipped Aquatics Center.
Located 10 minutes from downtown Charlotte, the U.S. National
Whitewater Center is located on the Catawba River and offers water
and other outdoor activities.
The area also offers many opportunities for spectator sports. The
Carolina Panthers, an NFL franchise, play at Bank of America
Stadium, which seats 75,525. The Charlotte Hornets, an NBA team,
plays at the 18,500 seat Spectrum Center. Charlotte Motor Speed-
way, known as “America’s Home for Racing” is one of the most
iconic motorsports venues in the nation. The speedway hosts two
premier NASCAR Cup Series events each year: The Coca-Cola 600
and the Bank of America ROVAL 400. Thousands of fans descend
on Mecklenburg County for each race week, adding to the county’s
ever-expanding tourism footprint. The County is also home to the
Charlotte Knights, a class AAA professional baseball team whose
parent club is the Chicago White Sox, and the Charlotte Check-
ers, an American Hockey League team affiliated with the Florida
Panthers. The Wells Fargo Championship golf tournament is held
at the Quail Hollow Club each Spring.
SUMMARY
Mecklenburg County is a vibrant growing area that continues to
draw new people and businesses. The climate, diversity of industries,
cultural opportunities and recreational activities create a desirable
environment for the residents of the County.
2021 2022
Source: Individual Institutions
Fall Student Enrollment
University of North Carolina at Charlotte 30,448 29,551
Central Piedmont Community College 15,830 15,100
Queens University of Charlotte 2,068 2,463
Davidson College 1,973 1,973
Johnson & Wales University 1,222 1,396
Johnson C. Smith University 1,189 1,093
EXHIBIT 13:
xx MECKLENBURG COUNTY, NORTH CAROLINA
MECKLENBURG COUNTY
George Dunlap
Chair
District 3
Mark Jerrell
District 4
Elaine Powell
Vice-Chair
District 1
Wilhelmenia Rembert
Interim, At-LargeLeigh Altman
At-Large
BOARD OF COUNTY COMMISSIONERS
Pat Cotham
At-Large
Laura Meier
District 5
Susan Rodriguez-McDowell
District 6
Dena R. Diorio
County Manager
David Boyd
%JKGH(KPCPEKCN1HƂEGT
Vilma Leake
District 2
ANNUAL COMPREHENSIVE FINANCIAL REPORT xxi
ORGANIZATIONAL CHART
Mecklenburg CountyCounty ManagerDena R. DiorioĞƉƵƚLJ County Manager Michael Bryant(Financial Services and Internal Support)ĞƉƵƚLJ County ManagerLeslie Johnson (Sustainable Communies)ĞƉƵƚLJ County Manager/ Chief of StaīDerrick RamosĞƉƵƚLJ County ManagerAnthony Trotman(Health/Human Services)County Aorney/Legal DepartmentOĸce of Management & BudgetInternal Audit DepartmentPublic InfornFinancial Services Department%Central Finance%Procurement%DepartmentalFinancial ServicesOĸce of the Tax CollectorCounty Assessor’s OĸceInforma Technology ServicesRisk Management*Consolidated Health & Human Services Agency%Community SupportServices%Department ofCommunity Resources%Department ofSocial Services%Public HealthCounty Manager’s Oĸce%CountyAdministraon%Clerk’s OĸĐĞ%Business ProcessManagement%Enterprise ProjectManagement OĸĐĞAsset & Facility ManagementHuman ResourcesPublic Safety%Criminal JusceServices%Medical ExaminerPartner Agencies%Board of Elecs%^ŚĞƌŝī͛ƐOĸĐĞ%MEDIC%Register of DeedsLand Use & EnvironmentalServices Agency %Air Quality%%%%Park & RecreanStrategic Planning & Evaluan OĸĐĞof Economic DevelopmentPartner Agencies *Consolidated service managed by theCitye%Centralina Council ofGovernment%LibraryHistoric LandmarksZChild SupportEnforcement
xxii MECKLENBURG COUNTY, NORTH CAROLINA
GFOA CERTIFICATE OF ACHIEVEMENT
Government Finance Officers Association
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
Mecklenburg County
North Carolina
For its Annual Comprehensive
Financial Report
For the Fiscal Year Ended
June 30, 2021
Executive Director/CEO
ANNUAL COMPREHENSIVE FINANCIAL REPORT xxiii
MECKLENBURG COUNTY
ANNUAL COMPREHENSIVE FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED JUNE 30, 2022
Prepared by the Mecklenburg County, North Carolina
Financial Services Department
CHIEF FINANCIAL OFFICER
David Boyd
DEPUTY CHIEF FINANCIAL OFFICER
Emily Desiderio
FINANCE ACFR TEAM
ACKNOWLEDGEMENTS
Central Finance Division
Departmental Financial Services
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Patricia Gibson
Central Finance Director
Kathy Pond
Controller
Fisner Antoine
Accountant III
Ernestine Berry
Accounting Manager
Orlando Britton
Accountant III
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Accounting Manager
Somi Pak
Accountant III
Daniel Purser
Accountant III
Lisa Yu
Accountant IV
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MECKLENBURG COUNTY • NORTH CAROLINA
FINANCIAL SECTION
The financial section constitutes the core of the
report. The independent auditors’ report covers
the basic financial Statements and the notes to the
statements. Management’s Discussion and analysis
provides a narrative introduction, Overview and
analysis of the statements that follow..Financial Section
ANNUAL COMPREHENSIVE FINANCIAL REPORT 1
Report of Independent Auditor
To the Honorable Members of the Board of County Commissioners
Mecklenburg County, North Carolina
Report on the Audit of the Financial Statements
Opinions
We have audited the accompanying financial statements of the governmental activities, the business-type
activities, the aggregate discretely presented component units, each major fund, and the aggregate remaining
fund information of Mecklenburg County, North Carolina (the “County”), as of and for the year ended June 30,
2022, and the related notes to the financial statements, which collectively comprise the County’s basic financial
statements as listed in the table of contents.
In our opinion, based on our audit and the report of the other auditor, the financial statements referred to above
present fairly, in all material respects, the respective financial position of the governmental activities, the
business-type activities, the aggregate discretely presented component units, each major fund, and the
aggregate remaining fund information of the County as of June 30, 2022, and the respective changes in
financial position and, where applicable, cash flows thereof and the budgetary comparison for the general fund
for the year then ended in accordance with accounting principles generally accepted in the United States of
America.
We did not audit the financial statements of the Mecklenburg County ABC Board (the “ABC Board”). Those
statements were audited by other auditors whose report thereon have been furnished to us, and our opinion,
insofar as it relates to the amounts included for the ABC Board, is based solely on the reports of the other
auditors.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of
America and the standards applicable to financial audits contained in Government Auditing Standards, issued
by the Comptroller General of the United States. Our responsibilities under those standards are further
described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are
required to be independent of the County, and to meet our other ethical responsibilities, in accordance with the
relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is
sufficient and appropriate to provide a basis for our audit opinions.
Emphasis of Matter
As described in further detail in Note 20, the County had three restatements to its June 30, 2021 financial
statements. Our opinions on the June 30, 2022 financial statements are not modified with respect to these
matters.
Responsibilities of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of the financial statements in accordance
with accounting principles generally accepted in the United States of America, and for the design,
implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial
statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or
events, considered in the aggregate, that raise substantial doubt about the County’s ability to continue as a
going concern for 12 months beyond the financial statement date, including any currently known information that
may raise substantial doubt shortly thereafter.


2 MECKLENBURG COUNTY, NORTH CAROLINA
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our
opinions. Reasonable assurance is a high level of assurance, but is not absolute assurance and, therefore, is
not a guarantee that an audit conducted in accordance with generally accepted auditing standards and
Government Auditing Standards, will always detect a material misstatement when it exists. The risk of not
detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may
involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate,
they would influence the judgment made by a reasonable user based on the financial statements.
In performing an audit in accordance with generally accepted auditing standards and Government Auditing
Standards we:
x Exercise professional judgment and maintain professional skepticism throughout the audit.
x Identify and assess the risks of material misstatement of the financial statements, whether due to fraud
or error, and design and perform audit procedures responsive to those risks. Such procedures include
examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
x Obtain an understanding of internal control relevant to the audit in order to design audit procedures that
are appropriate in the circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the County’s internal control. Accordingly, no such opinion is expressed.
x Evaluate the appropriateness of accounting policies used and the reasonableness of significant
accounting estimates made by management, as well as evaluate the overall presentation of the financial
statements.
x Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that
raise substantial doubt about the County’s ability to continue as a going concern for a reasonable period
of time.
We are required to communicate with those charged with governance regarding, among other matters, the
planned scope and timing of the audit, significant audit findings, and certain internal control related matters that
we identified during the audit.
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the Management’s
Discussion and Analysis (MD&A) and the required supplementary information, as listed in the table of contents,
be presented to supplement the basic financial statements. Such information is the responsibility of
management and, although not a part of the basic financial statements, is required by the Governmental
Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic
financial statements in an appropriate operational, economic, or historical context. We have applied certain
limited procedures to the required supplementary information in accordance with auditing standards generally
accepted in the United States of America, which consisted of inquiries of management about the methods of
preparing the information and comparing the information for consistency with management’s responses to our
inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial
statements. We do not express an opinion or provide any assurance on the information because the limited
procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
ANNUAL COMPREHENSIVE FINANCIAL REPORT 3
Supplementary and ther Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively
comprise the County’s basic financial statements. The accompanying combining and individual fund statements
and schedules are presented for purposes of additional analysis and are not a required part of the basic
financial statements. Such information is the responsibility of management and was derived from and relates
directly to the underlying accounting and other records used to prepare the basic financial statements. The
information has been subjected to the auditing procedures applied in the audit of the basic financial statements
and certain additional procedures, including comparing and reconciling such information directly to the
underlying accounting and other records used to prepare the basic financial statements or to the basic financial
statements themselves, and other additional procedures in accordance with auditing standards generally
accepted in the United States of America. In our opinion, the combining and individual fund statement and
schedules are fairly stated, in all material respects, in relation to the basic financial statements as a whole.
ther Information
Management is responsible for the other information included in the annual report. The other information
comprises the introductory and statistical sections, but does not include the basic financial statements and our
auditor’s report thereon. Our opinions on the basic financial statements do not cover the other information, and
we do not express an opinion or any form of assurance thereon.
In connection with our audit of the basic financial statements, our responsibility is to read the other information
and consider whether a material inconsistency exists between the other information and the basic financial
statements, or the other information otherwise appears to be materially misstated. If, based on the work
performed, we conclude that an uncorrected material misstatement of the other information exists, we are
required to describe it in our report.
Other Reporting Required by o ernment Auditin Standards
In accordance with Government Auditing Standards, we have also issued our report dated December 22, 2 22,
on our consideration of the County’s internal control over financial reporting and on our tests of its compliance
with certain provisions of laws, regulations, contracts and grant agreements, and other matters. The purpose of
that report is solely to describe the scope of our testing of internal control over financial reporting and on
compliance and the results of that testing, and not to provide an opinion on the effectiveness of the County’s
internal control over financial reporting or on compliance. That report is an integral part of an audit performed in
accordance with Government Auditing Standards in considering the County’s internal control over financial
reporting and compliance.
Charlotte, orth Carolina
December 22, 2 22
4 MECKLENBURG COUNTY, NORTH CAROLINA
MANAGEMENT’S DISCUSSION AND ANALYSIS
INTRODUCTION
Management’s Discussion and Analysis provides a narrative discus-
sion of the County’s financial activities for the year ended June 30,
2022 with comparisons to the prior year, where appropriate. The
information complements the data presented in the basic financial
statements. Its purpose, along with the material in the Transmittal
Letter in the Introduction, is to enhance the reader’s understanding
of the County’s financial performance.
HIGHLIGHTS OF THE YEAR
On the Statement of Net Position, assets exceed liabilities reflecting
the County’s strong financial position as well as the County’s legal
responsibility to issue and pay for debt, primarily general obligation
bonds, for the Charlotte-Mecklenburg Schools, Central Piedmont
Community College, the Public Library of Charlotte and Meck-
lenburg County as well as for Mecklenburg County. The assets
acquired with the debt are owned by each of these governmental
units, and therefore, the assets are not included in the County’s
Statement of Net Position.
For the year ended June 30, 2022, the Statement of Activities
reflects an increase in net position of $163.6 million (including
restatements of $81.2 million) as compared to an increase in net
position in the prior year of $77.8 million. The increase in net posi-
tion is attributable to a 7.2% increase in operating expenses offset
by an increase of 9.9% in revenues, both program and general.
Expenses increased $145.8 million from the previous year, with
Health and Human Services having the largest increase of $85.6
million, resulting from increased demand for Public Health and
Social Service programs, including the Emergency Rental Assistance
Program. Overall, revenues increased $202.3 million compared
to the previous year, which includes a $104.8 million increase in
charges for services and a $71.4 million increase in sales tax. Invest-
ment income decreased $42.3 million from the prior year due to
low interest rates. Implementation of GASB Statement No. 87,
Leases, improved accounting and financial reporting for leases by
reporting a right to use asset and lease liability for leases in which
the County is the lessee and by reporting a receivable and deferred
inflow for leases in which the County is a lessor.
The governmental funds total fund balances decreased by $161.0
million (including a restatement of $29.9 million) from the prior
year total for an ending fund balance of $1,139 million. The
decrease in fund balance primarily consisted of an increase in school
facilities capital improvement expenditures funded by prior year
Public Improvement and School Bonds. School facilities capi-
tal improvement expenditures funded by bond proceeds totaled
$174.6 million in fiscal year 2022 compared to $44.7 million in
fiscal year 2021. Property and sales tax collections were strong as the
County continued to see economic growth. Property tax revenue
increased $34.1 million or 2.8% and sales tax revenue increased
$71.4 million or 20.1% compared to fiscal year 2021. Revenues
from operating grants increased $49.9 million or 27.3% in fiscal
year 2022, as the County continued to focus on seeking other fund-
ing opportunities to support operations. Of the $1,139 million of
governmental fund balances, total fund balance of $268.7 million
is available for future years’ spending as unassigned fund balance.
The unassigned fund balance of the General Fund at June 30,
2022 is $319.1 million, which represents 20.1% of fiscal year
2023 budgeted General Fund expenditures or 72 days of operat-
ing expenses.
The County’s Employee Benefits Internal Service Fund and Risk
Management Internal Service Fund are classified as proprietary
funds. These funds predominately benefit governmental rather
than business-type activities; therefore, they have been included
with governmental activities in the government-wide financial
statements.
OVERVIEW
The basic financial statements consist of three components: 1)
government-wide financial statements, 2) fund financial state-
ments, and 3) notes to the financial statements. Several schedules
of required supplementary information, as well as combining and
other individual fund schedules required by State statute, follow
the notes to the financial statements.
REPORTING THE COUNTY
AS A WHOLE
Government-wide financial statements consist of the Statement
of Net Position and the Statement of Activities. Both statements
provide data about the County’s financial activities as a whole and
present a longer-term view of the County’s finances. These state-
ments use the accrual basis of accounting, which is similar to the
accounting used by most private-sector businesses. All of the current
year’s revenues and expenses are taken into account regardless of
when cash is received or paid. The Statement of Net Position pres-
ents assets and deferred outflows of resources less liabilities and
deferred inflows of resources, thus presenting the County’s financial
condition at the end of the fiscal year, while the Statement of Activi-
ties presents information showing how the County’s net position
changed during the fiscal year.
The Statement of Net Position and the Statement of Activities divide
the County’s operations into three types of activities:
ƒGOVERNMENTAL ACTIVITIES – those activities supported pri-
marily by taxes and intergovernmental revenues. The following
eight core service areas comprise the County’s governmental
activities: Customer Satisfaction and Management Services,
Administrative Services, Financial Services, Land Use and
Environmental Services, Community Services, Detention
ANNUAL COMPREHENSIVE FINANCIAL REPORT 5
MANAGEMENT’S DISCUSSION AND ANALYSIS
and Court Support Services, Health and Human Services, and
Business Partners.
ƒBUSINESS-TYPE ACTIVITIES – those activities that recover a sig-
nificant portion of their costs through user fees and charges.
The Solid Waste Enterprise Fund, Employee Benefits Internal
Service Fund and Risk Management Internal Service Fund are
the County’s only business-type activities.
ƒCOMPONENT UNITS – these are separate organizations for
which the County provides financial support and/or appoints
their governing board. The Public Library of Charlotte and
Mecklenburg County, the Mecklenburg County Alcoholic
Beverage Control Board and the Mecklenburg Emergency
Medical Services Agency are each component units of the
County.
The government-wide statements follow Management’s Discus-
sion and Analysis.
REPORTING THE COUNTY’S
SIGNIFICANT FUNDS
Funds are sets of self-balancing accounts that reflect the assets, liabil-
ities, fund balance/retained earnings, revenues and expenditures/
expenses of resources that are segregated for specific activities or for
compliance with legal provisions. The funds used by the County
can be divided into three categories:
ƒGovernmental funds: Most of the County’s services are re-
ported in governmental funds, which focus on the flows of
money into and out of those funds and the balances left at
year-end that are available for spending. These funds are
reported using the modified accrual method of accounting,
which measures cash and all other financial assets that can
readily be converted to cash. Such information may be useful
in evaluating the resources available to finance County pro-
grams in the near future. The Reconciliation of the Statement
of Revenues, Expenditures, and Changes in Fund Balance
to the Statement of Activities allows the reader to compare
the information presented for governmental funds with
similar information presented for the governmental activities.
The County’s governmental funds are: the General Fund; the
Debt Service Fund; sixteen Special Revenue Funds established
under the provisions of the North Carolina General Statutes
which account for revenues that are restricted for special
purpose expenditures; and twenty Capital Projects Funds,
including Capital Projects and Certificates of Participation
Funds, which account for the proceeds of bond issues and all
other resources used for the purpose of constructing or pur-
chasing all aspects of capital assets. The General Fund, Debt
Service Fund, Pay-As-You-Go Fund, American Rescue Plan
Fund and 2021A School Bonds Fund are presented individu-
ally on the Governmental Funds Balance Sheet and Statement
of Revenues, Expenditures, and Changes in Fund Balances,
because each meets the Governmental Accounting Standards
Board (GASB) definition of a major fund for reporting pur-
poses. The remaining governmental funds are combined into a
single, aggregated presentation titled Nonmajor Governmental
Funds. Individual fund data for each of the Nonmajor gov-
ernmental funds is provided in the section, Combining
and Individual Fund Financial Statements and Schedules.
The County adopts an annual appropriated budget for the
General Fund. The Statement of Revenues, Expenditures and
Changes in Fund Balance – Budget and Actual for the General
Fund provides a budgetary comparison of the adopted budget,
final budget and actual expenditures.
ƒProprietary funds: The Solid Waste Enterprise Fund is pre-
sented in the business-type activities column of the govern-
ment-wide financial statements because this fund operates
similar to private business enterprises. The Employee Benefits
Internal Service Fund and Risk Management Internal Service
Fund are presented in the governmental activities’ column of
the government-wide financial statements.
ƒFiduciary funds: The County’s Post-Employment Healthcare
Benefit Trust Fund accounts for contributions and expen-
ditures related to providing healthcare benefits to qualified
retired County employees. The County also holds certain
resources for the benefit of parties outside the government,
which are accounted for as custodial funds. Since the re-
sources of these funds are not available to finance County
programs, the funds are not included in the government-wide
financial statements.
NOTES TO THE BASIC
FINANCIAL STATEMENTS
The information reported in the notes to the basic financial state-
ments provides additional disclosures necessary to gain a complete
understanding of the data presented in the government-wide and
fund financial statements.
OTHER FINANCIAL INFORMATION
In addition to the basic financial statements and accompanying
notes, the report also presents certain required supplementary
information concerning the Law Enforcement Special Separation
Allowance, Post Employment Health Benefits, Local Governmental
Employees’ Retirement System, and Registers of Deeds’ Supple-
mental Pension Fund. Required supplementary information follows
the Notes to the Basic Financial Statements.
Following the required supplementary information are the combin-
ing schedules for the Nonmajor governmental funds and the fidu-
ciary funds. These include budget/actual schedules for the Special
Revenue Funds, the Enterprise Funds, as well as the Landfill
Construction, Final Development and Post-closure Reserve Fund.
6 MECKLENBURG COUNTY, NORTH CAROLINA
MANAGEMENT’S DISCUSSION AND ANALYSIS
While total net position is often considered a useful indicator of
a government’s financial condition, it does not adequately reflect
the County’s position. In accordance with North Carolina General
Statutes, the County is the issuer and payer of debt for capital
purposes for the Charlotte-Mecklenburg Schools, Central Pied-
mont Community College, and the Public Library of Charlotte and
Mecklenburg County. This debt, which totals $1,329.4 million at
June 30, 2022, is recorded in long-term liabilities with no offset-
ting capital assets recorded, as the assets are owned by the agencies.
The agencies use the debt proceeds to acquire or construct capital
assets. The effect of this accounting is to distort Net Position of the
County. The County’s Net Position increased from a net position
of $310.3 million in fiscal year 2021 to $473.9 million in fiscal
year 2022; an increase of $163.6 million or 52.7%. Total assets
decreased 0.8% while total liabilities decreased 6.8%. The decrease
in total assets is primarily attributed to a reduction of $187.8 in
restricted cash and investments compared to fiscal year 2021. Total
liabilities decreased primarily due to a reduction of $31.7 million in
accounts payable and other accrued liabilities and $210.8 million
in long term liabilities; including a $94.7 million reduction in the
net pension liability reported by the Local Government Employees
Retirement System.
Investments in capital assets, net of any related outstanding debt of
those assets, relates only to County activities. This amount increased
from $1,261 million at June 30, 2021 to $1,353 million at June
30, 2022 as new assets were acquired, and the associated debt
declined. Capital assets include land, buildings, vehicles, equip-
ment, computer equipment and other machinery used in providing
services to residents. Also, restricted net position of $358.9 million
at June 30, 2021 and $223.3 million at June 30, 2022 represents
resources that are subject to external restrictions on how they may be
used. Net position does not present the County’s position regarding
spending, which is presented in the governmental funds statements.
The County experienced an increase to net position this year, as
indicated in the following table of changes in net position for the
year ended June 30, 2022, with comparison to the prior year.
Net Position
(in thousands)
Governmental Activities Business-type Activities Total Primary Government
2022 2021 2022 2021 2022 2021
ASSETS
Current and other assets $1,608,440 $1,672,219 $50,132 $44,089 $1,658,572 $1,716,308
Capital assets, net 1,388,941 1,359,400 83,256 81,256 1,472,197 1,440,656
Right to use assets, net 2,274 - - - 2,274 -
Total Assets 2,999,655 3,031,619 133,388 125,345 3,133,043 3,156,964
Total deferred outflows of resources 180,257 124,936 1,598 1,301 181,855 126,237
LIABILITIES
Current and other liabilities 413,334 380,247 2,287 2,142 415,621 382,389
Long-term liabilities:
Due within one year 189,168 204,928 1,515 1,440 190,683 206,368
Due after one year 2,020,786 2,228,704 19,762 22,652 2,040,548 2,251,356
Total Liabilities 2,623,288 2,813,879 23,564 26,234 2,646,852 2,840,113
Total deferred inflows of resources 192,151 132,732 1,922 12 194,073 132,744
NET POSITION
Net investment in capital assets 1,274,245 1,185,683 78,833 75,799 1,353,078 1,261,482
Restricted 221,564 358,107 1,763 832 223,327 358,939
Unrestricted (Deficit) (1,131,336) (1,333,846) 28,904 23,769 (1,102,432) (1,310,077)
Total Net Position $364,473 $209,944 $109,500 $100,400 $473,973 $310,344
GOVERNMENT-WIDE FINANCIAL ANALYSIS
The following summarizes Net Position at June 30, 2022 and 2021:
ANNUAL COMPREHENSIVE FINANCIAL REPORT 7
MANAGEMENT’S DISCUSSION AND ANALYSIS
Changes in Net Position
(in thousands)
Governmental Activities Business-type Activities Total Primary Government
2022 2021 2022 2021 2022 2021
REVENUES
Program Revenues:
Charges for services $332,709 $228,008 $38,523 $38,394 $371,232 $266,402
Operating grants and contributions 232,633 182,687 67 - 232,700 182,687
Capital grants and contributions 780 16,491 - 436 780 16,927
General Revenues:
Property taxes 1,240,686 1,206,573 - - 1,240,686 1,206,573
Sales taxes 426,362 354,920 - - 426,362 354,920
Other taxes 19,882 19,125 - - 19,882 19,125
Investment income (40,207) 1,107 (789) 193 (40,996) 1,300
Other 430 822 48 - 478 822
Total Revenues 2,213,275 2,009,733 37,849 39,023 2,251,124 2,048,756
EXPENSES
Program Expenses:
Customer Satisfaction and
Management Services 29,568 22,806 - - 29,568 22,806
Administrative Services 229,338 172,201 - - 229,338 172,201
Financial Services 27,425 23,039 - - 27,425 23,039
Land Use and Environmental Services 124,690 102,048 - - 124,690 102,048
Community Services 135,683 130,167 - - 135,683 130,167
Detention and Court Support Services 166,584 176,769 - - 166,584 176,769
Health and Human Services 398,546 312,989 - - 398,546 312,989
Business Partners 966,292 986,894 - - 966,292 986,894
Interest Expense 61,532 63,933 - - 61,532 63,933
Solid Waste - - 29,038 32,058 29,038 32,058
Total Expenses 2,139,658 1,990,846 29,038 32,058 2,168,696 2,022,904
Increase in net position before transfers 73,617 18,887 8,811 6,965 82,428 25,852
Net position, beginning of year 209,944 139,853 100,400 92,729 310,344 232,582
Restatement (See note 20) 80,912 51,204 289 706 81,201 51,910
Net position, beginning of year 290,856 191,057 100,689 93,435 391,545 284,492
Net position, end of year $364,473 $209,944 $109,500 $100,400 $473,973 $310,344
8 MECKLENBURG COUNTY, NORTH CAROLINA
MANAGEMENT’S DISCUSSION AND ANALYSIS
GOVERNMENTAL-TYPE ACTIVITIES
Program revenues covered 21.5% of County expenses at June 30,
2021 and 26.5% at June 30, 2022, with general revenues covering
the balance of expenses. There are three program revenue categories,
with charges for services providing the most coverage of expenses.
The change in net position for the year ended June 30, 2022 results
from higher revenues - primarily property tax, sales tax and charges
to users. Property tax revenues increased $34.1 million (2.8%) from
the prior year, as the County saw an increase in property tax levies
due to growth within the County and continued improvements to
revenue collection efforts. Sales tax revenue increased $71.4 million
(20.1%) from fiscal year 2021 due to economic growth. Invest-
ment income decreased $41.3 million (3,732.1%) from the year
ended June 30, 2021. Consistent with the previous fiscal year, the
County’s investments were negatively impacted by low interest rates
and market valuations of held securities. Charges to users of County
services generated revenues that supported 15.5% of County govern-
mental operations for fiscal year 2022 and 11.5% for fiscal year 2021,
resulting in an increase of 45.9% to support operations. The County
continued its strategy to secure a maximum amount of grant funds
provided by state, federal and local agencies. Revenues from operat-
ing grants increased $49.9 million (27.3%) in fiscal year 2022, while
capital grant revenue decreased by $15.7 million as the County has
experienced an decrease in the number of capital grants awarded
to the organization. The County covered 10.9% of expenses with
operating and capital grant revenues in fiscal year 2022 and 10.0%
in fiscal year 2021.
BUSINESS-TYPE ACTIVITIES
The Solid Waste Enterprise Fund operates recycling programs, at
staffed and un-staffed drop-off facilities, a large yard waste compost
operation, a metal and tire receiving facility and the Foxhole Land-
fill. The program also owns a Materials Recycling Facility (MRF)
operated by a private vendor through a contractual arrangement.
Revenues are generated from several sources: an annual residential
solid waste availability disposal fee of $39.50 per residential unit;
a landfill tipping fee at a private sanitary landfill of approximately
$36.75 per ton for residential waste; a tipping fee of $52.50 per ton
for commercial construction debris at the County owned Foxhole
Landfill; a tipping fee of $28.00 per ton for Yard Waste delivered
to the County yard waste facilities; sale of yard waste products and
recycled materials from the MRF operations. Solid Waste activity
contributed 1.7% to the primary government’s total revenue for
fiscal year 2022 as compared to 1.9% contributed for fiscal year
2021, resulting in an increase of 11.9% to total revenue.
The Employee Benefits Internal Service Fund accounts for bene-
fits subsidized by the County. The funds net position at year-end
totaled $29.8 million. The Risk Management Internal Service Fund
tracks and provides funding to protect against risk related activities
within the County. The Risk Management funds net position at
year-end totaled $16.2 million.
FINANCIAL ANALYSIS OF THE
COUNTY’S FUNDS
The County uses fund accounting to ensure and demonstrate
compliance with finance-related legal requirements.
GOVERNMENTAL FUNDS
Governmental funds focus on the inflows and outflows of current
financial resources and measure the change in net spendable resources
during the year. Such information is useful in assessing the County’s
financing requirements. Committed, assigned, and unassigned fund
balance may serve as a useful measure of net resources available for
spending at the end of the year. The County’s governmental fund
types include the General Fund, Debt Service Fund, Special Revenue
Funds and Capital Projects Funds.
GENERAL FUND
The General Fund, which is a major fund and the County’s primary
operating fund, had a fund balance of $664.1 million, of which
$213.0 million is restricted for Stabilization by State Statute, $9.5
million is committed for Administrative Services as approved by
the Board of County Commissioners, $8.4 million is commit-
ted for Customer Satisfaction and Management, $55.7 million is
committed for Land Use and Environmental Services, $9.6 million
is committed for Capital Projects in support of the County’s Capi-
tal Improvement Plans, $11.7 million is committed for Deten-
tion and Court Support Services, $2.6 million is committed for
Community Services, $18.1 million is committed for Health and
Human Services, $16.3 million is committed for Business Partners,
.2 million is committed for Financial Services and $319.1 million
is unassigned.
General Fund total revenues were greater than budget by $25.5
million with sales taxes accounting for much of the increase, and
expenditures and other financial uses were less than revenue by
$13.1 million, as explained more fully below.
Revenues for the General Fund increased $65.6 million, or 4.5%
from fiscal year 2021:
ƒProperty tax revenues increased 1.6% from the prior year. For
2022, the collection rates were consistent with the prior year.
Current year collections represented 99.5% of the current year
levy for 2022 and 99.2% for 2021. This growth is a result of
the County’s growth population and increased valuations.
ƒSales tax revenues reported in the General Fund were $269.4
million, an increase of $45.7 million from fiscal year 2021
resulting from an increase in consumer spending.
ƒIntergovernmental revenues totaled $148.9 million as com-
pared to $135.0 million for fiscal year 2021 an increase of
$13.9 million (10.4%). The change in revenue levels results
from an increase in general fund grant funding resulting
from the County’s approach of seeking alternate funding
ANNUAL COMPREHENSIVE FINANCIAL REPORT 9
MANAGEMENT’S DISCUSSION AND ANALYSIS
opportunities. State and federal grant funds supported service
programs of varying size and complexity to help accommo-
date service needs of County residents while minimizing local
costs. Grant programs are summarized in Exhibit 1.
ƒCharges for services revenue increased $7.7 million (9.4%)
from the prior year mainly due to increases in revenue from
Land Use and Environmental Services. Licenses and permit
fees increased $5.3 million (13.3%) from the prior year due
to the increase in construction permit revenue.
ƒInterest earned on investments decreased $21.2 million
(2,495.6%) from the amount recorded in fiscal year 2021.
The change results from a decrease in the fair value of the
County’s investments as of June 30, 2022 due to low interest
rates. The County follows sound investment practices and
strives to maximize invested balances and interest earnings
within the parameters of allowable investment vehicles.
The composition of the General Fund revenue dollar for fiscal years
2022 and 2021 are illustrated in Exhibit 2.
General Fund expenditures increased $113.1 million (8.5%) over
those of last year. Exhibit 3 graphically illustrates the County’s
expenditure dollar for the two years.
Administrative services, which includes Internal Audit, Attorney’s
Office, Human Resources, Information Services and Technology,
Non-departmental and Asset and Facility Management, increased
$12.5 million (9.9%) from the prior year. This increase is a result
of the County’s continued investment in employees and informa-
tion technology security. Financial Services expenditures increased
6.3%, Land Use and Environmental Services increased 11.8%,
EXHIBIT 2:
Revenue Sources - Fiscal Year
Property Taxes, penalties and Interest
Other
Interest earned on investments
Licenses and Permits
Intergovernmental Revenue
Charges for Services
Sales Tax
63.2%
2.0%
-1.3%
2.8%
9.8%
5.9%
17.6%
65.0%
2.1%
.1%
2.7%
9.2%
5.6%
15.3%
20222021
EXHIBIT 3:
Business Partners
Community Services
Land Use and Environmental Services
Expenditures by Core Service - Fiscal Year
Administrative Services
Health and Human Services
Detention and Court Support Services
42.0%
6.6%
4.7%
9.7%
1.4%
1.6%
23.6%
10.4%
44.6%
6.4%
4.6%
9.6%
1.4%
1.6%
21.0%
10.8%
Customer Satisfaction and Management
Financial Services
20222021
Grant Programs
All Funds
Program Category Number
Revenue(millions)
Social Services 49 $60.1
Health 46 32.5
Other 55 103.7
Total 150 $196.3
EXHIBIT 1:
10 MECKLENBURG COUNTY, NORTH CAROLINA
MANAGEMENT’S DISCUSSION AND ANALYSIS
and Health and Human Services increased 22.2% from fiscal year
2021. Land Use and Environmental Services increase is a result of
continued construction growth in the community. The increase for
Health and Human Services is due to responding to the increasing
needs of County residents and providing care for the most vulner-
able in the community. The County continues to focus on serving
the needs of the residents while being good stewards of taxpayer
resources. Community Services increased 10.8% from prior year
mainly due to the reopening of Park and Recreation facilities that
were temporarily closed due the pandemic.
Current expenditures for education, both the Charlotte-Meck-
lenburg Schools and Central Piedmont Community College, as
well as the County’s contribution to the Mecklenburg Emergency
Medical Services Agency and other outside agencies are included
in Business Partners. Charlotte-Mecklenburg Schools and Central
Piedmont Community College expenditures comprise 96.3% of
Business Partners expenditures. Funds for the operations of the
Charlotte-Mecklenburg Schools, responsible for helping students
to develop the skills necessary to excel at every level of their educa-
tional process and beyond, were $543.0 million including capi-
tal outlay, $8.8 million more than the amount allocated for fiscal
year 2021. Funding to Central Piedmont Community College, a
crucial community partner responsible for helping students achieve
academic success, was $40.6 million, an increase of 3.8%. These
changes, plus adjustments to other outside agencies resulted in
an overall increase in expenditures to Business Partners of $13.7
million from fiscal year 2021.
DEBT SERVICE FUND
The Debt Service fund, which has two components, was established
to account for payment of and accumulation of resources for the
County’s debt service. General debt service, which covers the capi-
tal needs of the County, primarily libraries, courts and parks and
recreation, decreased by $9.9 million (27.0%) from the prior year
as the County utilizes more of a pay-as-you-go approach for fund-
ing some of these activities. The second component, debt service
related to education, both for the Charlotte-Mecklenburg schools
and Central Piedmont Community College, increased by $14.5
million (8.3%), reflecting the continued debt to fund the capital
needs of the schools and community college.
SPECIAL REVENUE FUNDS
Total revenues for the sixteen special revenue funds increased in
comparison to fiscal year 2021. Overall, total revenues increased
$47.5 million or 28.5% over the prior year. The majority of the
change in revenue is primarily attributable to the following: $12.4
million increase in Transit one-half cent sales tax; $10.9 million
increase in Charges for services, $1.1 million increase in Fire Service
District taxes, and a $22.9 increase in Intergovernmental revenue.
The increase in intergovernmental revenue is primarily attributed
the increase in federal funds received for Emergency Rental Assis-
tance with an increase of $47.3 million compared to fiscal year
2021. Compared to 2021, Special revenue funds experienced a
significant decrease in revenue for interest earned on investments
due to low interest rates.
CAPITAL PROJECTS FUNDS
More than half of each year’s expenditures are for construction,
renovations and improvements to school facilities. This results from
the County’s focus on completing projects as well as adding new
capital projects. Funding for capital projects is supplied by proceeds
from new bonds, unexpended bond proceeds, and pay-as-you-go
annual funding appropriated in the adopted budget.
Based on the above discussion of the government-wide and fund
financial statements and considering the County’s Triple A bond
rating and debt capacity, which are discussed below and in the Notes
to the Basic Financial Statements, the overall financial position of
the County continues to be strong.
GENERAL FUND BUDGET HIGHLIGHTS
The County’s annual balanced budget is prepared on the modified
accrual basis of accounting in accordance with the Budget & Fiscal
Control Act of the North Carolina General Statutes, and includes
all appropriations required for debt service. The General Fund is
the most significant fund budgeted.
Statutory provisions allow the budget to be amended during the
year. The County Manager or her designee is authorized to transfer
budget amounts within funds. All budget amendments that alter
the total budget of a fund must be approved by the Board. The
General Fund, as the primary fund supporting all major activities
of the County, is monitored closely by the Director of Financial
Services for possible revenue shortfalls or potential overspending.
Purchase orders and contracts are not considered valid until the
Director of Finance has certified the funds are available to make
payment upon satisfactory completion of the contract or delivery
of the items ordered.
The County revised the General Fund budget on several occasions
throughout the year. Generally, budget amendments fall into one
of three categories: 1) amendments made to adjust the estimates
that are used to prepare the original budget ordinance once exact
information is available; 2) amendments made to recognize new
funding amounts from external sources, primarily Federal and State
grants; and 3) increases in appropriations that become necessary to
maintain services. Amendments adopted during the year increased
the overall general fund revenue budget by $60.4 million to address
the Board’s priorities and provide for a well-managed government.
General Fund revenues were over final budget by $25.5 million
(1.7%). This increase is related to several factors. The County’s
property tax collections increased ($15.4 million). A portion of this
increase is attributed to the increase in property tax assessed values
due to growth in the County, along with the collection rate. Sales
ANNUAL COMPREHENSIVE FINANCIAL REPORT 11
MANAGEMENT’S DISCUSSION AND ANALYSIS
tax increased by $45.7 million as a result of increased consumer
spending. Licenses and permits increased $5.3 million due to the
rise in the number of inspection permits issued due to construction
growth. The increase in intergovernmental revenue ($14.0 million)
is mainly attributed to the significant increase in federal funding
received in the general fund.
General Fund expenditures were under budget by $211.9 million,
a variance of 12.8% from the final budget. This results from depart-
ments and business partners reduced spending as well as encum-
brances remaining outstanding at June 30, 2022, as these amounts
are not included in the GAAP actual numbers. Some variances,
such as Health and Human Services ($130.6 million) and Land Use
and Environmental Services ($11.7 million), include varied grants
where program spending did not reach expected levels.
CAPITAL ASSETS
The County’s investment in capital assets, net of accumulated depre-
ciation, for governmental and business-type activities at June 30,
2022 totals $1.4 billion. Capital assets include land, land improve-
ments, buildings and improvements, vehicles and heavy equipment,
furniture, machinery, and other equipment, antiques and artifacts,
computer equipment and construction in progress. Capital assets
are reported in the government-wide financial statements and in
the enterprise funds financial statements. Governmental funds treat
capital acquisitions as expenditures in the period in which they are
purchased. The investment in capital assets, net of accumulated
depreciation, increased 2.3% from last year for governmental activi-
ties as the County purchased land, continued construction projects
and make improvements. The business-type activities investment
in capital assets, net of accumulated depreciation, increased 2.5%
with no significant changes during the fiscal year.
The change in governmental activities assets in the amount of $31.8
million results primarily from: 1) a net increase to building and
improvements totaling $35.8 million attributed to the completion
of construction projects; 2) a net increase in land totaling $31.6
million as the County moves forward with expanding services; 3)
a net increase associated with accounting for leased assets; 4) a net
decrease of $36.2 million in construction in progress; 5) and a net
decrease to land improvements totaling $1.4 million. The change in
vehicles and heavy equipment and furniture, machinery and equip-
ment results from the net change of adding and disposing of items.
The $2.0 million increase in business-type activities (enterprise
fund) is mainly due to an increase of $5.1 in land improvements
made in fiscal year 2022. For the most part, the net decrease in
other business-type activities capital assets categories totaling $3.1
million is the result of disposal of assets during the fiscal year and
the completion of capital projects previously listed as construction
in progress.
Note 5 to the Basic Financial Statements explains in detail the capi-
tal asset activities for the year ended June 30, 2022.
DEBT ADMINISTRATION
The County issues general obligation bonds to fund the acquisition
and construction of major capital facilities for the County, schools,
community college and library. General obligation bonds are direct
Capital Assets, Net of Accumulated Depreciation
(in thousands)
Governmental Activities Business-type Activities Total
2022 2021 2022 2021 2022 2021
Description
Land $773,287 $741,689 $42,576 $42,576 $815,863 $784,265
Construction in progress 63,718 99,885 - 984 63,718 100,869
Land improvements 16,938 18,358 10,168 5,086 27,106 23,444
Buildings and improvements 505,376 469,527 17,115 17,987 522,491 487,514
Vehicles and heavy equipment 9,215 10,299 1,405 1,616 10,620 11,915
Furniture, machinery and equipment 20,338 19,162 11,993 13,007 32,331 32,169
Computer software 69 480 - - 69 480
Leased assets 2,274 - - - 2,274 -
Total $1,391,215 $1,359,400 $83,257 $81,256 $1,474,472 $1,440,656
12 MECKLENBURG COUNTY, NORTH CAROLINA
MANAGEMENT’S DISCUSSION AND ANALYSIS
obligations and pledge the full faith and credit of the County. The County also issues certificates of participation and limited obligation bonds
to provide funding for school, library, community college, and County capital needs. At June 30, 2022 and 2021, general obligation bonds
and certificates of participation consisted of:
OUTLOOK FOR THE NEXT YEAR
The Board approved a $2.162 billion annual budget for fiscal year 2023, an increase of $145.2 million, or 7.2% over fiscal year 2022. The 2022
tax rate is 61.69 cents per $100 of assessed valuation, no change from FY2022. The Fiscal Year 2023 Adopted Budget has four broad goals:
1) Funds programs and services that align with the Board’s stated priorities
2) Makes prudent decisions to protect the County’s financial strength now and for the future
3) Strengthens Mecklenburg County through investments that build resiliency in the community
4) Leverages the American Rescue Plan Act (ARPA) for long-term investments
The County debt policy provides guidelines, parameters, and proce-
dural requirements for the issuance and management of debt. Some
of the guidelines used in managing debt issuance include debt per
capita, debt as a percentage of assessed valuation and debt service
as a percentage of the operational budget.
Exhibit 4 shows the County’s net per capita outstanding bonded
debt to be $1,277, a decrease of 9.8% from the prior year which
results from a decrease in bonds payable and spreading the outstand-
ing debt over a 1.5% increase in County population.
The County’s net bonded debt is 0.75% of assessed valuation,
well below the 8.0% of assessed valuation legal debt limit of $13.7
billion, authorized by N.C. General Statute Chapter 159-55c. See
Exhibit 5.
The County’s strong financial management continues to insure a
strong financial position and enabled the County to maintain its
AAA bond rating for its general obligation debt. This is the highest
rating given by Standard & Poor’s Corporation, Moody’s Investors
Service and Fitch Ratings. The City of Charlotte has also main-
tained AAA ratings from these agencies. This is a distinction for
only a few communities in the nation. As a result of this rating, the
County has obtained some of the lowest interest rates available to
governmental agencies when issuing bonds, certificates of partici-
pation and limited obligation bonds.
Note 7 to the Basic Financial Statements explains in detail the debt
activities for the year ended June 30, 2022.
General Obligation Bonds and Installment Financings
(in thousands)
Governmental Activities Business-type Activities Total
2022 2021 2022 2021 2022 2021
Description
Public Improvement Bonds $1,299,945 $1,418,580 $ -$ - $1,299,945 $1,418,580
Installment Financings 148,002 183,967 - - 148,002 183,967
Special Obligation Bonds - - 4,205 5,170 4,205 5,170
Bonded Debt Outstanding
Per Capita
202220182019 2020 2021
$1,254 $1,277$1,256 $1,318 $1,416
Percent of Net Bonded Debt
to Assessed Valuation
2021 20222018 2019
1.08% 1.08%
2020
.80%.75%.84%
EXHIBIT 4: EXHIBIT 5:
ANNUAL COMPREHENSIVE FINANCIAL REPORT 13
MANAGEMENT’S DISCUSSION AND ANALYSIS
Major funding decisions for fiscal year 2023 are listed as follows:
ƒOne of the top priorities for the Board of County
Commissioners is Environmental Leadership. As a result, the
Board adopted an Environmental Leadership Policy that tasks
the County with operating in a manner that protects and
expands green space, restores the natural environment, fosters
health environmental conditions for the benefit of the resi-
dents and being a model of environmental stewardship within
the region. The FY23 Adopted Budget includes $67 million
invested for the Environmental Leadership Action Plan. The
funding includes $50 million for land acquisition, $7 million
for deep energy retrofits, $3.2 million for stream restoration,
flood mitigation, and cove protection, $2.7 million for on-site
solar energy, $1.3 million for electric vehicle charging sta-
tions, and $1 million for the acquisition of electric vehicles.
$0.7 million is also set aside for invasive species control, $0.6
million for installation of idle reduction technology for the
MEDIC fleet, and $0.16 million for an additional Real Estate
Coordinator to assist with land acquisition.
ƒAffordable housing remains as one of the top priorities of
the Board of County Commissioners. The County continues
to evaluate new housing opportunities that serve our lowest
income residents and that add capacity in creative ways. The
FY23 Adopted Budget includes a net investment of $16.8
million which includes $3 million to support the County’s
rental subsidy program. Also included is $3.1 million for the
Billingsley Road mixed-income development, $2.5 million to
continue funding for Habitat for Humanity’s Critical Home
Repair Program, $2.5 million for supportive housing con-
tracts, $4 million for anti-displacement efforts, and other
portions that provide supportive services for chronic home-
lessness and other housing programs.
ƒThe expansion of Meck Pre-K early childhood education is
our most important investment in economic opportunity—
with a County vision to implement voluntary, universal
public pre-k education for all eligible 4-year-old children. The
FY23 Adopted Budget continues to build on the initiatives
of the program with $23 million in funding to maintain the
current capacity of 105 classrooms while service 1,890 chil-
dren. Additional funds have been added to increase the rates
that the Meck Pre-K providers can be reimbursed which will
help recruit and retain qualified lead and assistant teachers.
ƒWorkforce Development is also a top priority of the Board of
County Commissioners. The FY23 Adopted Budget includes
$1.6 million to support strategies to create partnerships and
opportunities to connect residents seeking jobs to employers
and place them on a path to a satisfying career that involves
mentorship and development. This includes an increase in
funding for the partnership between LUESA and Autism
After 18 by adding two Technician positions. It also includes
funding for three new full-time positions for graduates of the
“Road to Hire” program. Mecklenburg County will be a par-
ticipating employer in the program for the first time. Other
uses include support employment services training for recipi-
ents of Food and Nutrition service, funds for the Office of
Economic Business LaunchPad program, and funds for a part-
nership with CPCC to provide Medic training. Mecklenburg
County’s Unified Workforce Development program was re-
cently awarded $1 million in Community Project Funding.
Expanded services will include opportunities for paid voca-
tional or on-the-job training, and supportive services such as
transportation and housing assistance. The funds will allow
the program to serve two additional populations; graduation
high school seniors who are foregoing college to enter the
workforce and underemployed or unemployed residents with
limited access to training resources.
ƒReducing education attainment gaps is also a Board priority.
Funding for both CMS and CPCC will increase in Fiscal year
2023. CMS will receive an overall increase of $14.6 million,
or 2.0% over fiscal year 2022. The FY23 Adopted Budget in-
cludes $558.0 million for CMS operating expenses. In addi-
tion, the Adopted Budget includes $158.2 million for debt
service and $32.9 million for preventative maintenance for
CMS. Funding for Central Piedmont Community College
operating expenses is $43.1 million, an increase of $2.6
million over fiscal year 2022. In addition, CPCC received
$17.8 million for debt service and $3.7 million for preventa-
tive maintenance.
ƒReducing racial disparities continues to be a top priority of the
Board of County Commissioners. The FY23 Adopted Budget
includes $4.1 million to address racial equity. The funding
includes $3.0 million to fund generational wealth equity in-
vestments; $0.4 million to support the expansion of primary
care health services in partnership with StarMed and The
Blessing Foundation; $0.3 million for the expansion of food
security initiatives in the Public Health Department; $0.1 to
fund the Our Smile Dental Collaborative in Partnership with
Lake Norman Community Health Clinic; and funds to the
Charlotte-Mecklenburg Library for bilingual premium pay to
enhance services to non-English speaking customers.
REQUEST FOR INFORMATION
This report is designed to provide an overview of the County’s
finances for those with an interest in this area. Questions concern-
ing any of the information found in this report or requests for
additional information should contact the Director of Financial
Services, Mecklenburg County, P.O. Box 34486, Charlotte, North
Carolina 28234.
14 MECKLENBURG COUNTY, NORTH CAROLINAAͲ1MECKLENBURGCOUNTY,NORTHCAROLINASTATEMENTOFNETPOSITION(DEFICIT)JUNE30,2022GovernmentalActivitiesBusinessͲtypeActivitiesTotalPublicLibraryofCharlotteandMecklenburgCountyMecklenburgEmergencyMedicalServicesAgencyMecklenburgCountyAlcoholicBeverageControlBoardASSETSCashandinvestments 1,365,148,178$46,407,396$1,411,555,574$15,296,806$12,022,689$33,968,595$Receivables,net216,636,8461,839,323218,476,16911,180,50111,479,778 ͲDuefromothergovernmentalagenciesͲ Ͳ Ͳ613,287 Ͳ ͲAdvancestoothergovernmentalagencies 6,341,276 Ͳ6,341,276 Ͳ Ͳ ͲInternalbalances (44,901)44,901 Ͳ Ͳ Ͳ ͲPrepaidexpensesͲ Ͳ Ͳ86,05018,874663,566InventoriesͲ Ͳ Ͳ Ͳ Ͳ24,446,904RestrictedassetsͲcashandinvestments18,893,7511,840,12620,733,87727,516,947 Ͳ ͲPledgesreceivable,noncurrentͲ Ͳ Ͳ11,730,247 Ͳ ͲNetpensionassetͲROD 1,464,707 Ͳ1,464,707 Ͳ Ͳ ͲCapitalassetsLand 773,286,66842,575,382815,862,05013,523,473 Ͳ ͲConstructioninprogress 63,718,152 Ͳ63,718,15210,017,298 Ͳ ͲOthercapitalassets,netofaccumulateddepreciation 551,936,43840,681,146592,617,58493,463,72410,981,69446,534,376Righttouseleasedassets,netofamortization 2,274,288Ͳ2,274,2888,905,879ͲͲTotalcapitalassets1,391,215,54683,256,5281,474,472,074125,910,37410,981,69446,534,376TOTALASSETS 2,999,655,403133,388,2743,133,043,677192,334,21234,503,035105,613,441DEFERREDOUTFLOWSOFRESOURCES 180,256,5551,598,093181,854,64811,089,95919,384,8472,946,423LIABILITIESAccountspayableandotheraccruedliabilities188,702,7962,191,434190,894,2308,703,04513,060,56326,940,710Accruedinterestpayable 15,176,27895,22515,271,503 Ͳ Ͳ ͲUnearnedrevenue 209,455,198 Ͳ209,455,198 Ͳ Ͳ ͲLongͲtermliabilitiesDuewithinoneyear 189,167,5311,514,876190,682,4072,509,7172,541,529 ͲDueinmorethanoneyear 2,020,786,15219,762,4582,040,548,61092,950,09880,169,4803,976,432TOTALLIABILITIES 2,623,287,95523,563,9932,646,851,948104,162,86095,771,57230,917,142DEFERREDINFLOWSOFRESOURCES 192,151,0441,922,378194,073,4227,563,53921,945,841ͲNETPOSITIONNetinvestmentincapitalassets1,274,244,49078,832,4681,353,076,958116,666,1698,512,30946,534,376RestrictedStabilizationbyStateStatute 212,954,390 Ͳ212,954,3902,685,31612,442,350 ͲLandUseandEnvironmentalServices 2,275,180 Ͳ2,275,180 Ͳ Ͳ ͲDetentionandCourtSupportServices 4,870,010 Ͳ4,870,010 Ͳ Ͳ ͲCapitalProjectsͲ Ͳ Ͳ Ͳ Ͳ2,244,842DebtServiceͲ1,763,4401,763,440 Ͳ Ͳ ͲGrantsͲ Ͳ Ͳ122,790 Ͳ ͲProgrammingͲ Ͳ Ͳ378,634 Ͳ ͲRegisterofDeeds'PensionPlan 1,464,707 Ͳ1,464,707 Ͳ Ͳ ͲFacilityEnhancementsͲ Ͳ Ͳ1,093,244 Ͳ ͲByLawforSpecificPurposesͲ Ͳ Ͳ49,170,302 Ͳ6,015,269Unrestricted(deficit) (1,131,335,818)28,904,088(1,102,431,730)(78,418,683)(84,784,190)22,848,235TOTALNETPOSITION(DEFICIT) 364,472,959$109,499,996$473,972,955$91,697,772$(63,829,531)$77,642,722$TheaccompanyingnotesareanintegralpartofthisstatementPrimaryGovernmentComponentUnits
ANNUAL COMPREHENSIVE FINANCIAL REPORT 15AͲ2MECKLENBURGCOUNTY,NORTHCAROLINASTATEMENTOFACTIVITIESFORTHEYEARENDEDJUNE30,2022PublicLibraryMecklenburgMecklenburgCharges Operating Capital ofCharlotteand EmergencyCountyAlcoholicfor Grantsand GrantsandGovernmental BusinessͲtype MecklenburgMedicalServicesBeverageFunctions/ProgramsExpensesServicesContributionsContributionsActivitiesActivitiesTotalCountyAgencyControlBoardPRIMARYGOVERNMENTGovernmentalActivitiesCustomerSatisfactionandManagementServices29,567,759$ Ͳ$53,002,143$ Ͳ$23,434,384$ Ͳ$23,434,384$ Ͳ$ Ͳ$ Ͳ$AdministrativeServices229,337,768137,928,47614,290,467 Ͳ(77,118,825) Ͳ(77,118,825) Ͳ Ͳ ͲFinancialServices27,425,2602,653,606 Ͳ Ͳ(24,771,654) Ͳ(24,771,654) Ͳ Ͳ ͲLandUseandEnvironmentalServices124,689,891135,456,5235,103,836 Ͳ15,870,468 Ͳ15,870,468 Ͳ Ͳ ͲCommunityServices135,682,41010,458,8313,216,847780,037(121,226,695) Ͳ(121,226,695) Ͳ Ͳ ͲDetentionandCourtSupportServices 166,584,33931,233,9275,161,914 Ͳ(130,188,498) Ͳ(130,188,498) Ͳ Ͳ ͲHealthandHumanServices398,546,27112,893,603132,167,620 Ͳ(253,485,048) Ͳ(253,485,048) Ͳ Ͳ ͲBusinessPartners 966,291,8402,084,17219,689,908 Ͳ(944,517,760) Ͳ(944,517,760) Ͳ Ͳ ͲInterestonlongͲtermdebtGeneralpurpose 4,988,264 Ͳ Ͳ Ͳ(4,988,264) Ͳ(4,988,264) Ͳ Ͳ ͲPublicschools 56,544,009ͲͲͲ(56,544,009)Ͳ(56,544,009)ͲͲͲTotalGovernmentalActivities 2,139,657,811332,709,138232,632,735780,037(1,573,535,901)Ͳ(1,573,535,901)ͲͲͲBusinessͲtypeActivitiesSolidWaste 29,038,11038,523,136Ͳ66,900Ͳ9,551,9269,551,926ͲͲͲTotalBusinessͲtypeActivities 29,038,11038,523,136Ͳ66,900Ͳ9,551,9269,551,926ͲͲͲTOTALPRIMARYGOVERNMENT2,168,695,921$371,232,274$232,632,735$846,937$(1,573,535,901)9,551,926(1,563,983,975)ͲͲͲCOMPONENTUNITSPublicLibraryofCharlotteandMecklenburgCounty53,919,546$310,468$1,229,854$ Ͳ$ Ͳ Ͳ Ͳ(52,379,224) Ͳ ͲMecklenburgEmergencyMedicalServicesAgency70,060,08650,744,0281,535,854 Ͳ Ͳ Ͳ Ͳ(17,780,204) ͲMecklenburgCountyAlcoholicBeverageControlBoard168,507,920173,625,819ͲͲͲͲͲͲͲ5,117,899TOTALCOMPONENTUNITS 292,487,552$224,680,315$2,765,708$Ͳ$ͲͲͲ(52,379,224)(17,780,204)5,117,899GeneralRevenuesPropertytaxes,leviedforgeneralpurposes1,210,782,502 Ͳ1,210,782,502 Ͳ Ͳ ͲPropertytaxes,leviedforLawEnforcementServiceDistrict20,750,907 Ͳ20,750,907 Ͳ Ͳ ͲPropertytaxes,leviedforFireServiceDistricts9,152,340 Ͳ9,152,340 Ͳ Ͳ ͲSalestaxes 426,361,803 Ͳ426,361,803 Ͳ Ͳ ͲOthertaxes 19,882,101 Ͳ19,882,101 Ͳ Ͳ ͲInvestmentearnings (40,207,452)(788,774)(40,996,226)(1,187,634)12,30118,785Gainonsaleofcapitalassets 430,39747,646478,043 Ͳ Ͳ76,486MiscellaneousͲ Ͳ Ͳ16,369,1761,335,462206,989TransfersͲ Ͳ Ͳ Ͳ Ͳ ͲPaymentfromprimarygovernmentLibraryͲ Ͳ Ͳ51,715,443 Ͳ ͲEmergencyMedicalServicesͲͲͲͲ18,983,971ͲTotalGeneralRevenuesandPaymentsFromPrimaryGovernment1,647,152,598(741,128)1,646,411,47066,896,98520,331,734302,260ChangeinNetPosition 73,616,6978,810,79882,427,49514,517,7612,551,5305,420,159NetPosition(Deficit),beginningofyear209,944,026100,400,196310,344,22277,180,011(66,381,061)72,222,563Restatement(Seenote20) 80,912,236289,00281,201,238ͲͲͲNetPosition(Deficit),beginning,restated 290,856,262100,689,198391,545,46077,180,011(66,381,061)72,222,563NetPosition(Deficit),endofyear364,472,959$109,499,996$473,972,955$91,697,772$(63,829,531)$77,642,722$Theaccompanyingnotesareanintegralpartofthisstatement.ͲProgramRevenuesNet(Expense)/RevenueandChangesinNetPositionPrimaryGovernmentComponentUnits
16 MECKLENBURG COUNTY, NORTH CAROLINA
Debt PayͲAsͲYouͲGo American 2021A Nonmajor Total
General Service Capital RescuePlan School Governmental Governmental
Fund Fund Funding Act Bonds Funds Funds
ASSETS
Cashandinvestments 618,396,191$237,116,738$71,979,843$202,739,329$ Ͳ$ 160,730,964$1,290,963,065$
Interestreceivable 1,340,781899,236 Ͳ 201,046 Ͳ 90,0302,531,093
Accountsreceivable 130,045,45026,072,140 Ͳ  Ͳ  Ͳ 36,479,511192,597,101
Taxesreceivable 23,110,776 Ͳ  Ͳ  Ͳ  Ͳ 584,05023,694,826
Lessallowanceforuncollectibletaxes (3,213,000) Ͳ  Ͳ  Ͳ  Ͳ (63,170)(3,276,170)
Advancestoothergovernmentalagencies 6,341,276 Ͳ  Ͳ  Ͳ  Ͳ  Ͳ 6,341,276
Duefromotherfunds 8,147,759 Ͳ 34,926,296 Ͳ  Ͳ  Ͳ 43,074,055
Restrictedcashandinvestments Ͳ9,991,984ͲͲͲ8,901,76718,893,751
Totalassets 784,169,233$274,080,098$106,906,139$202,940,375$Ͳ$206,723,152$1,574,818,997$
LIABILITIESANDFUNDBALANCES
Liabilities
Accountspayableandaccruedliabilities 93,868,112$ Ͳ$ 9,397,844$54,949$16,511,940$36,231,359$156,064,204$
Unearnedgrantrevenue 2,169,098 Ͳ  Ͳ 206,039,481 Ͳ 1,246,619209,455,198
Duetootherfunds 2,508,419ͲͲͲ30,762,93612,311,11945,582,474
Totalliabilities 98,545,629Ͳ9,397,844206,094,43047,274,87649,789,097411,101,876
DEFERREDINFLOWSOFRESOURCES 21,546,1032,668,674ͲͲͲ520,88124,735,658
FundBalances
Restricted:
StabilizationbyStateStatute 212,954,390 Ͳ  Ͳ  Ͳ  Ͳ  Ͳ 212,954,390
LandUseandEnvironmentalServices Ͳ  Ͳ  Ͳ  Ͳ  Ͳ 2,275,1802,275,180
DetentionandCourtSupportServices Ͳ  Ͳ  Ͳ  Ͳ  Ͳ 4,870,0104,870,010
CapitalProjects Ͳ  Ͳ  Ͳ  Ͳ  Ͳ 44,07144,071
Committed:
AdministrativeServices 9,478,722 Ͳ  Ͳ  Ͳ  Ͳ  Ͳ 9,478,722
CustomerSatisfactionandManagement 8,398,620 Ͳ  Ͳ  Ͳ  Ͳ  Ͳ 8,398,620
LandUseandEnvironmentalServices 55,729,543 Ͳ  Ͳ  Ͳ  Ͳ 33,063,48988,793,032
PublicSafety Ͳ  Ͳ  Ͳ  Ͳ  Ͳ 8,337,0088,337,008
FireProtection Ͳ  Ͳ  Ͳ  Ͳ  Ͳ 4,878,9414,878,941
CapitalProjects 9,600,000 Ͳ 97,508,295 Ͳ  Ͳ 102,590,994209,699,289
DetentionandCourtSupportServices 11,718,427 Ͳ  Ͳ  Ͳ  Ͳ 174,06211,892,489
CommunityServices 2,575,758 Ͳ  Ͳ  Ͳ  Ͳ  Ͳ 2,575,758
HealthandHumanServices 18,057,372 Ͳ  Ͳ  Ͳ  Ͳ 179,41918,236,791
BusinessPartners 16,287,219 Ͳ  Ͳ  Ͳ  Ͳ  Ͳ 16,287,219
DebtService Ͳ 271,411,424 Ͳ  Ͳ  Ͳ  Ͳ 271,411,424
FinancialServices 189,000 Ͳ  Ͳ  Ͳ  Ͳ  Ͳ 189,000
Unassigned 319,088,450ͲͲ(3,154,055)(47,274,876)Ͳ268,659,519
Totalfundbalances 664,077,501271,411,42497,508,295(3,154,055)(47,274,876)156,413,1741,138,981,463
TOTALLIABILITIES,DEFERREDINFLOWSOF
RESOURCES,ANDFUNDBALANCES 784,169,233$274,080,098$106,906,139$202,940,375$Ͳ$206,723,152$
Amountsreportedforgovernmentalactivitiesinthestatementofnetpositionaredifferentbecause:
Capitalassetsusedingovernmentalactivitiesarenotfinancialresourcesandtherefore
arenotreportedinthefunds 1,391,215,546
Netpensionasset 1,464,707
Contributionstopensionplansinthecurrentfiscalyeararedeferredoutflowsofresources
ontheStatementofNetPosition 41,332,720
Certainbondexpendituresarecapitalizedforfutureamortizationoverthelifeofthebonds 17,543,451
OtherlongͲtermassetsarenotavailableforcurrentyearexpendituresandtherefore,
aredeferredinthefunds 20,418,656
Internalservicefundisusedtochargecostsofemployeehealthandlifebenefitstoindividualfunds.
Theassetsandliabilitiesareincludedingovernmentalactivitiesinthestatementofnetposition.45,100,035
Pensionrelateddeferrals (27,043,021)
OPEBrelateddeferrals (39,410,637)
LongͲtermliabilitiesincludingbondspayable,arenotdueandpayableinthecurrent
periodandtherefore,arenotreportedinthefunds (2,225,129,961)
Netpositionofgovernmentalactivities 364,472,959$
Theaccompanyingnotesareanintegralpartofthisstatement.
AͲ3
MECKLENBURGCOUNTY,NORTHCAROLINA
BALANCESHEET
GOVERNMENTALFUNDS
JUNE30,2022
ANNUAL COMPREHENSIVE FINANCIAL REPORT 17
Debt PayͲAsͲYouͲGo American 2021A Nonmajor Total
General Service Capital RescuePlan School Governmental Governmental
Fund Fund Funding Act Bonds Funds Funds
REVENUES
Taxes1,242,665,735$331,618,591$ Ͳ$ Ͳ$ Ͳ$ Ͳ$1,574,284,326$
LawEnforcementServiceDistricttaxes Ͳ Ͳ Ͳ Ͳ Ͳ20,847,16620,847,166
TransitoneͲhalfcentsalestax Ͳ Ͳ Ͳ Ͳ Ͳ75,693,66875,693,668
FireServiceDistrictstaxes Ͳ Ͳ Ͳ Ͳ Ͳ9,152,7109,152,710
Licensesandpermits 44,858,190 Ͳ Ͳ Ͳ Ͳ721,80045,579,990
Intergovernmental 148,938,44421,477,975 Ͳ9,634,155 Ͳ58,628,773238,679,347
Chargesforservices 89,929,342 Ͳ Ͳ Ͳ Ͳ52,256,210142,185,552
Interestearnedoninvestments (20,367,732)(13,681,568) Ͳ(3,154,055) Ͳ(686,736)(37,890,091)
Administrativecharges 10,048,709 Ͳ Ͳ Ͳ Ͳ Ͳ10,048,709
Other 11,155,422845,219ͲͲͲ1,752,01213,752,653
Totalrevenues 1,527,228,110340,260,217Ͳ6,480,100Ͳ218,365,6032,092,334,030
EXPENDITURES
Customersatisfactionandmanagement 23,482,312 Ͳ Ͳ Ͳ Ͳ Ͳ23,482,312
Administrativeservices 139,759,259 Ͳ Ͳ144,926 Ͳ1,198,618141,102,803
Financialservices 19,563,094 Ͳ Ͳ Ͳ Ͳ Ͳ19,563,094
Landuseandenvironmentalservices 68,071,017 Ͳ Ͳ Ͳ Ͳ42,831,369110,902,386
Communityservices 94,533,544 Ͳ Ͳ Ͳ Ͳ Ͳ94,533,544
Detentionandcourtsupportservices 149,720,201 Ͳ Ͳ746,000 Ͳ2,154,271152,620,472
Healthandhumanservices 339,800,423 Ͳ Ͳ7,885,188 Ͳ53,139,297400,824,908
Businesspartners 605,799,682 Ͳ Ͳ700,799 Ͳ75,693,668682,194,149
Publicsafety Ͳ Ͳ Ͳ Ͳ Ͳ26,853,11626,853,116
Debtservice Ͳ
Principalpayments Ͳ153,880,000 Ͳ Ͳ Ͳ52,456153,932,456
Interestandfiscalcharges Ͳ63,041,370 Ͳ Ͳ Ͳ Ͳ63,041,370
Capitaloutlay ͲͲ92,050,974157,24247,262,576251,928,425391,399,217
Totalexpenditures 1,440,729,532216,921,37092,050,9749,634,15547,262,576453,851,2202,260,449,827
EXCESS(DEFICIENCY)OFREVENUES
OVER(UNDER)EXPENDITURES 86,498,578123,338,847(92,050,974)(3,154,055)(47,262,576)(235,485,617)(168,115,797)
OTHERFINANCINGSOURCES(USES)
Saleofcapitalassets 186,282 Ͳ Ͳ Ͳ Ͳ389,847576,129
Leasefinancing 3,539,100 Ͳ Ͳ Ͳ Ͳ Ͳ3,539,100
Transfersin 962,959 Ͳ109,119,060 Ͳ Ͳ59,521,084169,603,103
Transfersout (78,121,084)(110,919,060)(6,600,000)ͲͲ(962,959)(196,603,103)
Totalotherfinancing
sources(uses) (73,432,743)(110,919,060)102,519,060ͲͲ58,947,972(22,884,771)
NETCHANGEINFUNDBALANCE 13,065,83512,419,78710,468,086(3,154,055)(47,262,576)(176,537,645)(191,000,568)
FUNDBALANCEͲBEGINNINGOFYEAR 621,012,985258,991,63787,040,209 Ͳ(12,300)332,950,8191,299,983,350
Restatement(Seenote20) 29,998,681ͲͲͲͲͲ29,998,681
FUNDBALANCEͲBEGINNINGOFYEAR,RESTATED 651,011,666258,991,63787,040,209Ͳ(12,300)332,950,8191,329,982,031
FUNDBALANCEͲENDOFYEAR 664,077,501$271,411,424$97,508,295$(3,154,055)$(47,274,876)$156,413,174$1,138,981,463$
Theaccompanyingnotesareanintegralpartofthisstatement.
AͲ4
MECKLENBURGCOUNTY,NORTHCAROLINA
STATEMENTOFREVENUES,EXPENDITURESANDCHANGESINFUNDBALANCE
GOVERNMENTALFUNDS
FORTHEYEARENDEDJUNE30,2022
18 MECKLENBURG COUNTY, NORTH CAROLINA
AͲ5
MECKLENBURGCOUNTY,NORTHCAROLINA
RECONCILIATIONOFTHESTATEMENTOFREVENUES,EXPENDITURES,AND
CHANGESINFUNDBALANCESOFGOVERNMENTALFUNDS
TOTHESTATEMENTOFACTIVITIES
FORTHEYEARENDEDJUNE30,2022
NetchangeinfundbalancesͲtotalgovernmentalfunds (191,000,568)$
AmountsreportedforgovernmentalactivitiesintheStatementofActivitiesaredifferentbecause:
Governmentalfundsreportcapitaloutlaysasexpenditures.However,intheStatementofActivities,thecostofthose
assetsisnotincludedastheassetshavebeencapitalized.83,091,708
DepreciationexpenseisreportedintheStatementofActivities,butnotinthefundstatements. (49,866,032)
AmortizationexpenseisreportedintheStatementofActivities,butnotinthefundstatements. (1,264,812)
LossondisposalofassetsandadjustmenttoaccumulateddepreciationisreportedintheStatementofActivities,
butnotinthefundstatements.(145,732)
ContributionstothepensionplaninthecurrentfiscalyeararenotincludedontheStatementofActivities 41,332,720
Leasefinancingproceedsprovidecurrentfinancialresourcestogovernmentalfund,butenteringintolease
agreementsincreaselongͲtermliabilitiesinthestatementofNetPosition,therefore,theseproceedsdonot
appearintheStatementofActivities (3,539,100)
Accruedinterestpayabledueandpayableinthecurrentperiod,doesnotrequirecurrentresourcestopayand
isthereforenotreportedinthefundstatements.1,509,097
Bondpremiumsanddeferredcharges,respectively,forthegovernmentalfundsaredeferredandamortizedinthe
StatementofActivities.14,497,396
Repaymentsofbondandleaseprincipalareexpendituresinthegovernmentalfunds,buttherepayments
reducelongͲtermliabilitiesintheStatementofNetPosition,sotheexpensesdonotappearintheStatementof
Activities.156,336,648
SomerevenuesreportedintheStatementofActivitiesdonotrepresentthecurrentfinancialresourcesandtherefore
arenotreportedasrevenueinthegovernmentalfunds.(4,348,370)
SomeexpensesreportedintheStatementofActivitiesdonotrequiretheuseofcurrentfinancialresourcesand,
therefore,arenotreportedasexpendituresingovernmentalfunds. 16,157,795
OtherlongͲtermliabilitiesarereportedintheStatementofNetPosition,butnotinthefundstatements. 1,902,894
ConsolidatedadjustmentfortheInternalServiceFundandtheGovernmentalFunds
9,117,880Internalservicefundnetrevenue
PortionofinternalservŝĐĞfundnetrevenueallocatedtobusinessͲtypeactivities (164,827)
Changeinnetpositionofgovernmentalactivities 73,616,697$
Theaccompanyingnotesareanintegralpartofthisstatement.
ANNUAL COMPREHENSIVE FINANCIAL REPORT 19
Variancefrom
FinalBudget
Original Final Actual Positive/(Negative)
REVENUES
Taxes
GeneralpropertyͲcurrent 945,024,133$945,024,133$955,013,204$9,989,071$
GeneralpropertyͲprior 4,325,0004,325,0006,712,6042,387,604
Interestondelinquenttaxes 3,000,0003,000,0002,972,957(27,043)
Sales 226,805,584226,805,584269,385,02242,579,438
Roomoccupancy 708,351708,3511,590,256881,905
Vehiclerental 3,357,9663,357,9664,942,7661,584,800
Other 1,731,4391,731,4392,048,926317,487
Totaltaxes 1,184,952,4731,184,952,4731,242,665,73557,713,262
Licensesandpermits
Businesslicenses 92,57692,57698,9376,361
Inspectionpermits 34,849,62635,123,98244,600,0659,476,083
Marriagelicenses 64,80064,800159,18894,388
Totallicensesandpermits 35,007,00235,281,35844,858,1909,576,832
Intergovernmental
Federal 88,402,922143,862,456121,435,481(22,426,975)
State 17,240,31416,042,06215,533,364(508,698)
Local 7,688,7587,688,75811,969,5994,280,841
Totalintergovernmental 113,331,994167,593,276148,938,444(18,654,832)
Chargesforservices
AdministrativeServices 224,000224,000104,239(119,761)
FinancialServices 2,196,1032,196,1032,355,047158,944
LandUseandEnvironmentalServices 33,006,69233,006,69242,669,0619,662,369
CommunityServices 6,003,3786,003,3783,257,768(2,745,610)
DetentionandCourtSupportServices 36,455,04636,810,55029,949,272(6,861,278)
HealthandHumanServices 7,223,67611,626,91410,588,853(1,038,061)
BusinessPartners 1,450,0001,450,0001,005,102(444,898)
Totalchargesforservices 86,558,89591,317,63789,929,342(1,388,295)
Interestearnedoninvestments 2,700,0002,700,000(20,367,732)(23,067,732)
Administrativecharges 10,097,44110,097,44110,048,709(48,732)
Other
Rental 4,120,4334,120,4334,561,253440,820
Documentfees 1,051,9411,051,9411,342,266290,325
Miscellaneous 3,429,6764,569,8475,251,903682,056
Totalother 8,602,0509,742,22111,155,4221,413,201
Totalrevenues 1,441,249,8551,501,684,4061,527,228,11025,543,704
BudgetedAmounts
AͲ6
MECKLENBURGCOUNTY,NORTHCAROLINA
STATEMENTOFREVENUES,EXPENDITURESANDCHANGESINFUNDBALANCE
BUDGETANDACTUALͲGENERALFUND
FORTHEYEARENDEDJUNE30,2022
(Continuedonnextpage)
20 MECKLENBURG COUNTY, NORTH CAROLINA
Variancefrom
FinalBudget
Original Final Actual Positive/(Negative)
EXPENDITURES
Customersatisfactionandmanagement
CountyCommissioners 690,672$691,133$659,032$32,101$
EconomicDevelopmentOffice 10,675,22116,173,0089,950,4876,222,521
Manager'sOffice 10,183,40314,130,1169,341,2774,788,839
PublicServiceandInformation 3,613,4543,627,5963,531,51696,080
Totalcustomersatisfactionandmanagement 25,162,75034,621,85323,482,31211,139,541
Administrativeservices
InternalAudit 2,198,5062,198,5061,850,400348,106
Attorney'sOffice 2,517,6042,517,6042,214,074303,530
HumanResources 7,724,7177,848,5307,522,699325,831
InformationServicesandTechnology 40,652,46741,545,27538,849,0912,696,184
Nondepartmental 39,574,66959,406,69355,068,4644,338,229
AssetandFacilityManagement 37,620,70438,569,42134,254,5314,314,890
Totaladministrativeservices 130,288,667152,086,029139,759,25912,326,770
Financialservices
Finance 15,517,23315,980,39614,005,1851,975,211
TaxCollection 6,447,1187,308,8375,557,9091,750,928
Totalfinancialservices 21,964,35123,289,23319,563,0943,726,139
Landuseandenvironmentalservices
CountyAssessor'sOffice 15,057,79518,396,12714,984,0873,412,040
CodeAdministration 43,106,21845,212,76241,365,4113,847,351
AirQuality 1,979,9846,624,3133,472,5303,151,783
WaterandLandResources 5,189,6155,610,2825,110,540499,742
RegisterofDeeds 3,879,5843,884,4943,138,449746,045
Totallanduseandenvironmentalservices 69,213,19679,727,97868,071,01711,656,961
Communityservices
PublicLibraries 40,002,25740,002,25738,155,0011,847,256
HistoricLandmarkCommission 509,953599,187441,340157,847
ParkandRecreation 55,711,29457,199,30049,896,6477,302,653
Elections 5,763,3636,825,1896,040,556784,633
Totalcommunityservices 101,986,867104,625,93394,533,54410,092,389
Detentionandcourtsupportservices
MedicalExaminer 3,460,9223,480,3232,918,487561,836
CriminalJusticeServices 13,385,78419,773,92915,247,8434,526,086
SheriffandJail 145,843,214154,511,208131,553,87122,957,337
Totaldetentionandcourtsupportservices 162,689,920177,765,460149,720,20128,045,259
(Continuedonnextpage)
AͲ6
MECKLENBURGCOUNTY,NORTHCAROLINA
STATEMENTOFREVENUES,EXPENDITURESANDCHANGESINFUNDBALANCEͲ(CONTINUED)
BUDGETANDACTUALͲGENERALFUND
FORTHEYEARENDEDJUNE30,2022
BudgetedAmounts
ANNUAL COMPREHENSIVE FINANCIAL REPORT 21
Variancefrom
FinalBudget
Original Final Actual Positive/(Negative)
Healthandhumanservices
PublicHealth 96,205,315$158,828,970$105,777,936$53,051,034$
SocialServices 216,128,651254,235,120191,337,92962,897,191
CommunitySupportServices 22,946,49735,781,58925,880,2049,901,385
CommunityResources 19,407,76321,538,83716,804,3544,734,483
Totalhealthandhumanservices 354,688,226470,384,516339,800,423130,584,093
Businesspartners
EmergencyMedicalServices 21,837,00021,837,00018,983,9712,853,029
CityͲCountyJointPrograms 1,775,4452,405,2301,738,986666,244
BoardofEducation:
Current 526,898,334538,015,366538,015,366Ͳ
CapitalOutlay 4,960,0004,960,0004,960,000Ͳ
CentralPiedmontCommunityCollege 40,564,85240,564,85240,564,852Ͳ
Hospitals ͲͲͲͲ
CommunityServiceGrants 1,846,3032,304,4531,536,507767,946
Totalbusinesspartners 597,881,934610,086,901605,799,6824,287,219
Totalexpenditures 1,463,875,9111,652,587,9031,440,729,532211,858,371
EXCESS(DEFICIENCY)OFREVENUES
OVER(UNDER)EXPENDITURES (22,626,056)(150,903,497)86,498,578237,402,075
OTHERFINANCINGSOURCES(USES)
Saleofcapitalassets Ͳ67,920186,282118,362
Leasefinancing ͲͲ3,539,1003,539,100
Transfersin 1,119,1591,119,159962,959(156,200)
Transfersout (53,874,880)(78,144,880)(78,121,084)23,796
AppropriatedFundBalance 75,381,777227,861,298Ͳ(227,861,298)
Totalotherfinancingsources(uses) 22,626,056150,903,497(73,432,743)(224,336,240)
NETCHANGEINFUNDBALANCE Ͳ$Ͳ$13,065,83513,065,835$
FUNDBALANCEͲBEGINNINGOFYEAR 621,012,985
Restatement(Seenote20)29,998,681
FUNDBALANCEͲBEGINNINGOFYEAR,RESTATED 651,011,666
FUNDBALANCEͲENDOFYEAR 664,077,501$
Theaccompanyingnotesareanintegralpartofthisstatement.
AͲ6
MECKLENBURGCOUNTY,NORTHCAROLINA
STATEMENTOFREVENUES,EXPENDITURESANDCHANGESINFUNDBALANCEͲ(CONTINUED)
BUDGETANDACTUALͲGENERALFUND
FORTHEYEARENDEDJUNE30,2022
BudgetedAmounts
22 MECKLENBURG COUNTY, NORTH CAROLINA
Business Governmental
TypeActivities Activities
SolidWaste Internal
EnterpriseFund ServiceFunds
ASSETS
CurrentAssets
Cashandinvestments 45,052,615$75,539,894$
Interestreceivable 75,235107,547
Accountsreceivable 1,744,2081,002,329
Duefromotherfunds Ͳ2,508,419
Totalcurrentassets 46,872,05879,158,189
NoncurrentAssets
Restrictedcashandinvestments 1,840,126Ͳ
Capitalassets
Land 42,575,382 Ͳ
Constructioninprogress ͲͲ
Landimprovements 16,963,214 Ͳ
Buildings 31,200,024 Ͳ
Vehiclesandheavyequipment 5,367,538Ͳ
Furniture,machineryandequipment 28,484,959Ͳ
Totalcapitalassets 124,591,117 Ͳ
Lessaccumulateddepreciation (41,334,589)Ͳ
Totalcapitalassets,netofaccumulateddepreciation 83,256,528 Ͳ
Totalnoncurrentassets 85,096,654Ͳ
Totalassets 131,968,71279,158,189
DEFERREDOUTFLOWOFRESOURCES
Pensiondeferrals 1,598,093Ͳ
LIABILITIES
CurrentLiabilities
Accountspayableandaccruedliabilities 1,690,74833,234,503
Compensatedabsences 456,574 Ͳ
Bondspayable,netofunamortizedpremium 1,058,302Ͳ
Totalcurrentliabilities 3,205,62433,234,503
LongͲtermLiabilities
Compensatedabsences 541,338Ͳ
Netpensionliability 692,435 Ͳ
Landfilldevelopmentandpostclosurecarecosts 15,086,241 Ͳ
Bondspayable,netofunamortizedpremium 3,442,444Ͳ
TotallongͲtermliabilities 19,762,458Ͳ
Totalliabilities 22,968,08233,234,503
DEFERREDINFLOWSOFRESOURCES
Pensiondeferrals 1,922,378Ͳ
NETPOSITION
Netinvestmentincapitalassets 78,832,468 Ͳ
Restrictednetposition
Restrictedfordebtservice 1,763,440Ͳ
Unrestricted 28,080,43745,923,686
Totalnetposition 108,676,345$45,923,686$
JUNE30,2022
Theaccompanyingnotesareanintegralpartofthisstatement.
AͲ7
MECKLENBURGCOUNTY,NORTHCAROLINA
STATEMENTOFNETPOSITION
PROPRIETARYFUNDS
ANNUAL COMPREHENSIVE FINANCIAL REPORT 23
Business Governmental
TypeActivities Activities
SolidWaste Internal
EnterpriseFund ServiceFunds
OPERATINGREVENUES
Ͳ$107,836,098$
19,487,992 Ͳ
16,098,166 Ͳ
Chargesforservices
ResidentialĂǀĂŝůĂďŝůŝƚLJfees
Recyclingsalesandtipfees
Other 2,936,97813,687,296
Totaloperatingrevenues 38,523,136121,523,394
OPERATINGEXPENSES
Personnelservicesandemployeebenefits 8,300,434 Ͳ
Utilities 189,464 Ͳ
Supplies 1,407,428 Ͳ
Depreciation 3,561,784 Ͳ
Maintenanceandrepairs 3,448,407 Ͳ
Rentalandoccupancycharges 3,682,623 Ͳ
Contractualservices 8,494,674 Ͳ
Finaldevelopmentandpostclosurecosts ͲͲ
Claims,insurancepremiumsandfees Ͳ137,088,152
Totaloperatingexpenses 29,084,814137,088,152
OPERATINGINCOME 9,438,322(15,564,758)
NONͲOPERATINGREVENUES/(EXPENSES)
Grantrevenue 66,900Ͳ
Interestincome (788,774)(2,317,362)
Interestexpense (118,123)Ͳ
Gainondisposalofcapitalassets 47,646Ͳ
TotalnonͲoperatingrevenues/(expenses) (792,351)(2,317,362)
NETINCOME(LOSS)8,645,971(17,882,120)
TRANSFERSIN Ͳ27,000,000
Changeinnetposition 8,645,9719,117,880
NetpositionͲbeginningofyear 100,030,37424,987,952
Restatement(Seenote20)Ͳ11,817,854
NetpositionͲbeginningofyear,restated 100,030,37436,805,806
NetpositionͲendofyear 108,676,34545,923,686$
Adjustmenttoreflecttheconsolidationofinternalservicefund
activitiesrelatedtotheenterprisefund 823,651
ChangeinnetpositionofbusinessͲtypeactivities 109,499,996$
Theaccompanyingnotesareanintegralpartofthisstatement.
AͲ8
MECKLENBURGCOUNTY,NORTHCAROLINA
STATEMENTOFREVENUES,EXPENSESANDCHANGESINNETPOSITION
PROPRIETARYFUNDS
FORTHEYEARENDEDJUNE30,2022
24 MECKLENBURG COUNTY, NORTH CAROLINA
Business Governmental
TypeActivities Activities
SolidWaste Internal
EnterpriseFund ServiceFunds
CASHFLOWSFROMOPERATINGACTIVITIES
Cashreceivedfromusers 38,000,844$120,040,064$
Cashpaidtosuppliers (17,426,354)(122,749,324)
Cashpaidtoemployees (8,403,118)Ͳ
Netcashprovidedbyoperatingactivities 12,171,372(2,709,260)
CASHFLOWSFROMNONͲCAPITALFINANCINGACTIVITIES
Grantrevenue 66,900Ͳ
Transfers Ͳ27,000,000
NetcashprovidedbynonͲcapitalfinancingactivities 66,90027,000,000
CASHFLOWSFROMCAPITALANDRELATEDFINANCINGACTIVITIES
PrincipalpaymentsͲbonds (965,000) Ͳ
Interestpaid (219,400) Ͳ
Acquisitionofcapitalassets (5,561,996) Ͳ
Proceedsfromdisposalofassets 47,646Ͳ
Netcashusedincapitalandrelatedfinancingactivities (6,698,750)Ͳ
CASHFLOWFROMINVESTINGACTIVITIES
Interestreceived (817,977)(2,424,909)
CHANGEINCASHANDINVESTMENTS 4,721,54521,865,831
CASHANDINVESTMENTSͲBEGINNINGOFYEAR 42,171,19653,674,063
CASHANDINVESTMENTSͲENDOFYEAR 46,892,741$75,539,894$
ReconciliationofOperatingIncometoNetCashProvidedbyOperatingActivities
OperatingIncome 9,438,322$(15,564,758)$
Depreciation 3,561,784 Ͳ
ChangeindeferredoutflowsofresourcesͲpensions (297,267) Ͳ
ChangeindeferredinflowsofresourcesͲpensions 1,910,248 Ͳ
Adjustmentstoreconcileoperatingincometonetcashprovidedbyoperatingactivities:
Changeinaccountsreceivable (522,292)1,025,089
Changeinduefromotherfunds Ͳ(2,508,419)
Changeinpayrollaccrual 65,238Ͳ
Changeinaccountspayable (203,758)14,338,828
Changeincompensatedabsences 37,096Ͳ
Changeinnetpensionliability (1,817,999) Ͳ
Changeinlandfillreserve ͲͲ
Totaladjustments 2,733,05012,855,498
Netcashprovidedbyoperatingactivities 12,171,372$(2,709,260)$
Theaccompanyingnotesareanintegralpartofthisstatement.
AͲ9
MECKLENBURGCOUNTY,NORTHCAROLINA
STATEMENTOFCASHFLOWS
PROPRIETARYFUND^
FORTHEYEARENDEDJUNE30,2022
ANNUAL COMPREHENSIVE FINANCIAL REPORT 25
AͲ10
MECKLENBURGCOUNTY,NORTHCAROLINA
STATEMENTOFFIDUCIARYNETPOSITION
JUNE30,2022
PostͲEmployment
Healthcare
Benefit Custodial
TrustFund Funds
ASSETS
Cashandinvestments Ͳ$5,717,910$
Accountsreceivable ͲͲ
Taxesforothergovernments Ͳ19,041,259
Ͳ24,759,169
Investmentsatfairvalue:
CashandEquivalents ͲͲ
ShortͲtermOPEBFund 39,404,263 Ͳ
LongͲtermOPEBFund 15,121,720 Ͳ
OPEBEquityFunds 139,693,660Ͳ
Totalinvestments 194,219,643Ͳ
Totalassets 194,219,64324,759,169
LIABILITIES
Accountspayableandaccruedliabilities ͲͲ
Duetolocalgovernments Ͳ23,737,407
Totalliabilities Ͳ23,737,407
NETPOSITION
Restrictedfor:
Postemploymentbenefitsotherthanpensions 194,219,643 Ͳ
Individualsandorganizations Ͳ1,021,762
Totalnetposition 194,219,643$1,021,762$
Theaccompanyingnotesareanintegralpartofthisstatement.
26 MECKLENBURG COUNTY, NORTH CAROLINA
PostͲEmployment
Healthcare
Benefit Custodial
TrustFund Funds
ADDITIONS
Contributions:
Employercontributions 8,000,000$ Ͳ$
Investmentearnings:
Netdecreaseinfairvalueofinvestments (28,208,743) Ͳ
Interest 452,683Ͳ
Totalinvestmentearnings (27,756,060) Ͳ
Lessinvestmentcosts:
Investmentactivitycosts (39,774)Ͳ
Netinvestmentearnings (27,795,834)Ͳ
Taxcollectionsforothergovernments Ͳ764,574,659
Collectiononbehalfofbeneficiaries Ͳ7,067,382
Totaladditions (19,795,834)771,642,041
DEDUCTIONS
Paymentsoftaxtoothergovernments Ͳ764,574,659
Paymentsofotherbeneficiaries Ͳ6,760,378
Totaldeductions Ͳ771,335,037
Netincrease(decrease)infiduciarynetposition (19,795,834)307,004
NetpositionͲbeginningofyear 225,833,331714,758
Restatement (11,817,854)Ͳ
NetpositionͲbeginningofyear,restated 214,015,477714,758
NetpositionͲendofyear 194,219,643$1,021,762$
Theaccompanyingnotesareanintegralpartofthisstatement.
AͲ11
MECKLENBURGCOUNTY,NORTHCAROLINA
STATEMENTOFCHANGESINFIDUCIARYNETPOSITION
FIDUCIARYFUNDS
FORTHEYEARENDEDJUNE30,2022
ANNUAL COMPREHENSIVE FINANCIAL REPORT 27
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022

1.SummaryofSignificantAccountingPolicies

a.ReportingEntity

MecklenburgCounty,NorthCarolina(theCounty)wascreatedfromaportionofAnsonCountyon
December11,1762.TheCountyhasacountymanagerformofgovernmentwithanineͲmember,elected
BoardofCommissionerscomprisingthegoverningbody.TheCountyprovidesthefollowingserviceswhich
aresegregatedintocoreservicesinthefinancialstatements:CustomerSatisfactionandManagement,
AdministrativeServices,FinancialServices,LandUseandEnvironmentalServices,CommunityServices,
DetentionandCourtSupportServices,HealthandHumanServices,andBusinessPartners.Individual
departmentsincludedinthesecoreservicesareshownontheOrganizationChartintheIntroduction
Section.AsrequiredbyaccountingprinciplesgenerallyacceptedintheUnitedStatesofAmerica(GAAP),
thesefinancialstatementspresentallthefundtypesandcomponentunits.Discretelypresented
componentunitsarereportedinseparatecolumnsinthegovernmentͲwidefinancialstatementsto
emphasizetheyarelegallyseparatefromtheCounty.

ThePublicLibraryofCharlotteandMecklenburgCounty(Library)isapubliclibraryformedin1902byan
actoftheGeneralAssemblyofNorthCarolina.TenoftheelevenmembersoftheLibraryBoardofTrustees
areappointedbytheCountyandoneisappointedbytheCharlotteͲMecklenburgBoardofEducation.The
CountyhasbudgetaryapprovaloveritsannualallocationtotheLibraryforcurrentoperatingpurposes.The
LibraryisnotempoweredtoissuelongͲtermdebt;therefore,capitalassetsoftheLibraryarefinanced
principallybygeneralobligationbondsandcertificatesofparticipationissuedattheoptionoftheCounty.
ThereisnoobligationontheCountytoissuedebtfortheLibrary.TheLibraryispresentedasa
governmentalactivity.

TheMecklenburgCountyAlcoholicBeverageControlBoard(ABCBoard)operatesretailliquorstores,one
centralizedmixedbeverageoutletandinvestigatesviolationsofNorthCarolinaAlcoholicBeverageControl
laws.TheABCBoardalsoprovidesfinancialsupportforvariouseducationalprogramsontheexcessiveuse
ofalcoholicbeveragesandforrehabilitationofalcoholics.TheABCBoardconsistsoffivemembers
appointedbytheBoardofCountyCommissionersandisrequiredbyStatestatutetodistributeaportionof
itssurplusestotheGeneralFundoftheCounty.TheABCBoardispresentedasabusinessͲtypeactivity.

TheMecklenburgEmergencyMedicalServicesAgency(MedicAgency)wascreatedbyajointagreement
datedSeptember11,1996,betweenMecklenburgCountyandtheCharlotteͲMecklenburgHospital
AuthoritydbaAtriumHealth,formerlyCarolinasHealthcareSystem,pursuanttoNorthCarolinaGeneral
Statute160AͲ462,asaseparateunitofgovernmentforthepurposeofprovidingemergencymedical
servicesintheCounty.TheMedicAgencybeganoperationsonOctober8,1996.TheMedicAgencyis
governedbyasevenͲmemberBoardofCommissionersappointedbytheCountyBoardofCommissioners,
threeofwhomarerecommendedbyAtriumHealth,threebyNovantHealthcare,andonebytheCounty.
TheCountyhasbudgetaryapprovalovertheannualallocationtotheMedicAgencyforcurrentoperating
purposes.TheMedicAgencyispresentedasagovernmentalactivity.




28 MECKLENBURG COUNTY, NORTH CAROLINA
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
Completefinancialstatementsfortheindividualcomponentunitsmaybeobtainedatthefollowing
addresses:
PublicLibraryofCharlotteandMecklenburgCounty
310N.TryonStreet
Charlotte,NorthCarolina28202
MecklenburgCountyAlcoholicBeverageControlBoard
3333N.TryonStreet
Charlotte,NorthCarolina28206
MecklenburgEmergencyMedicalServicesAgency
4425WilkinsonBoulevard
Charlotte,NorthCarolina28208
b. GovernmentͲwideFinancialStatements
TheStatementofNetPosition(Deficit)andtheStatementofActivitiescomprisethegovernmentͲwide
financialstatements.ThesestatementspresentinformationonallthenonͲfiduciaryactivitiesofthe
primarygovernmentandit’sdiscretelypresentedcomponentunits.Forthemostpart,theeffectof
interfundactivityhasbeeneliminatedfromthestatements.Theprimarygovernmentconsistsof
governmentalactivities,whicharegenerallysupportedbytaxesandintergovernmentalrevenuesand
businessͲtypeactivitieswhichchargefortheservicesprovided.Componentunits,whicharelegally
separateentitiesforwhichtheprimarygovernmentisfinanciallyaccountable,arealsocategorizedas
governmentalorbusinessͲtypeactivitiesandarereportedseparatelyonthegovernmentͲwidefinancial
statements.
TheStatementofNetPosition(Deficit)presentsthedifferencebetweenassets,deferredoutflows,liabilities
anddeferredinflowsattheendofthefiscalyear,June30,2022.Thedifference,netposition(deficit),is
subdividedintothreecategories:netinvestmentincapitalassets;restrictednetposition;andunrestricted
netposition.Netpositionisreportedasrestrictedwhenconstraintsontheuseoftheassetsareimposed
eitherexternallybygrantors,contributors,creditors,orlawsorregulationsofothergovernments,orbylaw
throughconstitutionalprovisionsorenablinglegislation.
TheStatementofActivities,whichshowsthechangeinnetposition,presentsdirectexpensesoffsetby
programrevenuesforeachcoreservicearea.Programrevenuesincludefeesandchargestocustomersfor
specificservicesprovidedandgrantsandcontributionsrestrictedforuseinspecificoperationsofacore
servicearea.Taxrevenues,interest,andotherrevenueitemsthatbenefittheentireprimarygovernment
areconsideredgeneralrevenues.
c. FinancialPresentation,MeasurementFocus,andBasisofAccounting
Separatefinancialstatementsareprovidedforgovernmentalfunds,proprietaryfunds,andfiduciaryfunds.
ThefiduciaryfundsareexcludedfromthegovernmentͲwidefinancialstatementsbecausethefundsare
heldbytheCountyinatrustcapacityonly.TheGeneralFund,DebtServiceFund,PayͲAsͲYouͲGoCapital
FundingFund,theAmericanRescuePlanActFund,andthe2021ASchoolBondsFundaretheCounty’s
majorgovernmentalfunds.TheSolidWasteFundistheCounty’smajorenterprisefund.
ANNUAL COMPREHENSIVE FINANCIAL REPORT 29
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
ThegovernmentͲwidefinancialstatementsandtheproprietaryfundarereportedusingtheeconomic
resourcesmeasurementfocusandtheaccrualbasisofaccounting.Revenuesarerecognizedintheperiod
earned;expensesarerecognizedwhenaliabilityisincurred.Propertytaxesarerecognizedasrevenuesin
theyearinwhichtheyarelevied.Grantsandintergovernmentalrevenuesarerecognizedasrevenuewhen
theeligibilityrequirementsimposedbythegrantororothergovernmentagencyhavebeenmet.Ifall
eligibilityrequirementsarenotmet,theamountsarepresentedasunearnedrevenue.Feesandchargesof
theproprietaryfundsarerecognizedasrevenuewhentheservicesareprovided.Interfundservices
providedandusedarenoteliminatedintheprocessofconsolidation.
Proprietaryfundsdistinguishoperatingrevenuesandexpensesfromnonoperatingitems.Operating
revenuesandexpensesgenerallyresultfromprovidingservicesandproducinganddeliveringgoodsin
connectionwithaproprietaryfund’sprincipalongoingoperations.Theprincipaloperatingrevenuesofthe
enterprisefunds,chargesforservices,resultfromexchangetransactionsassociatedwiththeprincipal
activityofthefund.Exchangetransactionsarethoseinwhicheachpartyreceivesandgivesupessentially
equalvalues.Nonoperatingrevenues,suchassubsidiesandinvestmentearnings,resultfromnonͲexchange
transactionsorancillaryactivities.
Governmentalfundfinancialstatementsarereportedusingthecurrentfinancialresourcesmeasurement
focusandthemodifiedaccrualbasisofaccounting.Revenuesarerecognizedastheamountsbecome
susceptibletoaccrualbybecomingmeasurableandavailabletofinancetheCounty’soperations.Available
meanscollectiblewithinthecurrentperiodorsoonenoughthereaftertopayliabilitiesofthecurrent
period.Forthispurpose,revenuesareconsideredavailableiftheyarecollectedwithin60days;exceptfor
salestaxrevenuewhichisconsideredavailableifcollectedwithin90days,oftheendofthecurrentfiscal
year.Whenbothrestrictedandunrestrictedresourcesareavailableforuse,itistheCounty’spracticeto
userestrictedresourcesfirst,thenunrestrictedresourcesastheyareneeded.Expendituresarerecognized
intheaccountingperiodinwhichthefundliabilityisincurred,ifmeasurable,exceptforunmaturedinterest
onlongͲtermdebtandexpendituresforcompensatedabsences,whicharerecognizedwhenpaymentis
due.
Inapplyingthesusceptibletoaccrualconcepttointergovernmentalrevenues,thelegalandcontractual
requirementsofthenumerousindividualprogramsareusedasguidance.Therearetypicallytwotypesof
revenues.Onetyperequiresfundstobedisbursedforaspecificpurposeorprojectbeforeanyamountwill
bereimbursedtotheCounty;therefore,revenuesarerecognizedasreceivablesbasedontheexpenditures
recorded.Theothertypeprovidesmoneythatisvirtuallyunrestrictedastothepurposeoftheexpenditure
andisusuallyrevocableonlyforfailuretomeetprescribedcompliancerequirements.Theseresourcesare
reflectedatthetimeofreceiptorearlierifthesusceptibletoaccrualcriteriaaremet.Othergovernmental
revenueswhicharesusceptibletoaccrualaresalestaxescollectedandheldbytheStateatyearͲendon
behalfoftheCounty,andinvestmentearnings.Licensesandpermits,chargesforservices,andother
revenuesarerecordedasrevenueswhenreceivedincashbecausetheyaregenerallynotmeasurableuntil
received.
TheCountyreportsthefollowingmajorgovernmentalfunds:
GeneralFund–TheGeneralFundistheprimaryoperatingfundoftheCountyandaccountsforall
financialresourcesexceptthosetobeaccountedforinanotherfund.TheSheriff’sSpecialRevenue
FundisalegallybudgetedfundunderNorthCarolinaGeneralStatutes;however,forfinancial
statementpresentationinaccordancewithGASBStatementNumber54,itisconsolidatedinthe
GeneralFund.
30 MECKLENBURG COUNTY, NORTH CAROLINA
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
DebtServiceFund–TheDebtServiceFundisusedtoaccountfortheaccumulationofresources
for,andthepaymentofgenerallongͲtermdebtprincipalandinterest.
PayͲAsͲYouͲGoCapitalFunding–ThePayͲAsͲYouͲGoCapitalFundingFundaccountsforfinancial
resourcesusedfortheacquisition,construction,orrenovationofmajorcapitalfacilitiesandthe
purchaseofland.
AmericanRescuePlanActFund–TheAmericanRescuePlanActFundaccountsforfinancial
resourcesusedtorespondtoacutepandemicͲresponseneedsandsupportcommunitiesand
populationshardesthitbytheCOVIDͲ19crisis.
2021ASchoolBondsFund–Thisfundaccountsforfinancialresourcesusedfortheacquisitionor
constructionofmajorcapitalfacilitiesforschoolsandthepurchaseofland.
TheCountyreportsthefollowingmajorproprietaryfund:
SolidWasteEnterpriseFund–Thisfundaccountsforactivitiesrelatedtorecyclingandlandfill
facilitiesandisselfͲsupportingthroughtheresidentialsolidwastefee,recyclingsales,andtipping
fees.
Additionally,theCountyreportsthefollowingfunds:
i. NonͲmajorgovernmentalfunds:
SpecialRevenueFunds–SpecialRevenueFundsaccountfortheproceedsofspecificrevenue
sources(otherthanspecialassessmentsorcapitalprojects)thatarelegallyrestrictedto
expendituresforspecifiedpurposes.
CapitalProjectFunds–CapitalProjectFundsaccountforfinancialresourcestobeusedforthe
acquisitionorconstructionofmajorcapitalfacilities(otherthanthosefinancedbytheProprietary
Fund).TheCapitalReserveFundisalegallybudgetedfundunderNorthCarolinaGeneralStatutes;
however,forstatementpresentationinaccordancewithGASBStatementNumber54,itisincluded
withtheCapitalProjectsFunds.
ii. InternalServiceFunds:
ThesefundsaccountforfundscontributedbytheCountyanditsemployeesforhealthandlife
benefitsandriskmanagementservices.
iii. Fiduciaryfunds:
PostͲEmploymentHealthcareBenefitTrustFund–Thisfundaccountsforfundsaccumulatedfor
futurecostsofprovidinghealthcarebenefitstoCountyretireeswhohavemettherequirements
toreceivethebenefituponretirement.
Custodialfiduciaryfunds–ThesefundsaccountforassetsheldbytheCountyasagentfor:
ƒOthergovernmentalunitsͲcollectionsduetomunicipalitiesandfoodandbeveragetax.
Thefundsarecustodialinnatureanddonotinvolvemeasurementoroperatingresults.
ƒIndividuals–jailclients
ANNUAL COMPREHENSIVE FINANCIAL REPORT 31
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
d. BudgetaryControl
AsrequiredbytheNorthCarolinaBudgetandFiscalControlAct(N.C.G.S.159),theCountyadopts,ona
basisconsistentwithaccountingprinciplesgenerallyacceptedintheUnitedStatesofAmerica,anannual
balancedbudgetordinanceforallfundsexceptthoseauthorizedbyprojectordinanceandtheagency
fiduciaryfunds.Thebudgetordinanceisbalancedwhenthesumofestimatednetrevenuesand
appropriatedfundbalanceisequaltoappropriations.Theappropriationsinthevariousfundsarebudgeted
atthelineͲitemlevelandmostarecontrolledatthecategorylevel.Theannualbudgetispreparedonthe
modifiedaccrualbasisofaccountingasrequiredbythestatutes.BudgetpreparationsbeginwiththeBoard
ofCountyCommissioners’annualstrategicplanningconference.Departmentbudgetsarepreparedand
combinedintoacountyͲwidebudgetbetweenFebruaryandApril.PublichearingsareheldinMayandthe
budgetisadoptedbyvoteoftheCountyCommissionerspriortoJuly1,tocomplywithNorthCarolina
GeneralStatutes.TheCountyManagerordesigneeisauthorizedtotransferbudgetedamountswithinany
fund.However,anyrevisionsthatalterthetotalbudgetofanyfundmustbeapprovedbytheBoardof
CountyCommissioners.Exceptforcertaincontinuinggrants,anyremainingannualappropriationslapseat
eachfiscalyearͲend.
TheStatementofRevenues,ExpendituresandChangesinFundBalance–BudgetandActualpresentsthe
adoptedandfinalbudgetandactualamountsfortheGeneralFund.Capitalleaseamountsareapproved
bytheBoardofCountyCommissionersasneededandtheamountbudgetedforcapitalleasesannuallyis
therelateddebtservicefortheyear.
Additionally,theBoardofCountyCommissionersapprovesannualbudgetsforalltheSpecialRevenueand
DebtServiceFunds.Duringtheyear,theBoardofCountyCommissionersalsoapprovedamendmentsfor
thesefundsasfollows:
Amendmentsresultfromappropriatingrevenuesreceivedandnewgrantsawardedaftertheoriginal
budgetswereadopted.
TheCapitalProjectsFundsarebudgetedbyprojectordinanceandtheappropriationsdonotlapseatyearͲ
end.
TheLibrary’sbudgetsareadoptedonthemodifiedaccrualbasisasrequiredbystatestatutes.TheLibrary’s
BoardofTrusteesapprovestheirbudget,andtheBoardofTrusteesmustalsoapproveanychangesinthe
budget.ExpendituresmaynotlegallyexceedappropriationsunlessapprovedbytheBoardofTrustees.
TheMedicAgencyBoardofCommissionersadoptsanannualbudgetonthemodifiedaccrualbasisof
accountingasrequiredbystatestatutes.Appropriationsarebudgetedatthecategorylevelandcontrolled
byoveralllevel.AllbudgetamendmentsmustbeapprovedbytheMedicAgencyBoardofCommissioners.
Original FinalBudget
Budget Amendments June30,2022
SpecialRevenueFunds 117,324,635$107,957,086$225,281,721$
DebtServiceFund 333,200,265Ͳ333,200,265
Total 450,524,900$107,957,086$558,481,986$
32 MECKLENBURG COUNTY, NORTH CAROLINA
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
e. CashandInvestments
Acashandinvestmentspoolismaintainedandusedforallavailablefundsexceptcashonhandof$24,695
andfundsheldbyothers.AportionoftheCounty’sselfͲinsurancefundsintheamountof$14,802,629is
heldinoneormoretrustsadministeredbytheCityofCharlotte’sRiskManagementOffice.Additionally,
$9,991,984isheldbythebankfortheDebtServiceFund,$1,763,440isheldbythebankforsolidwaste
debtserviceonspecialobligationbondsand$54,005isheldbyatrusteeforsolidwastecapitalprojects.
Cashof$194,219,643isheldbytheNorthCarolinaStateTreasurerintheOtherPostͲEmploymentBenefits
InvestmentTrust,anirrevocabletrustfund.
DEPOSITS
AllCountydepositsaremadeindesignatedofficialdepositoriesandaresecuredasrequiredbyNorth
CarolinaGeneralStatute159Ͳ31.TheCountymaydesignateasanofficialdepository,anybank,trust
company,orsavingsandloaninstitutionwhoseprincipalofficeislocatedinNorthCarolina.TheCounty
mayalsoestablishtimedepositsintheformofNOWaccounts,SuperNOWaccounts,moneymarket
accounts,andcertificatesofdeposit.PrimarybankingservicesfortheCountyareprovidedthrougha
contract,currentlywithBankofAmerica.AtyearͲend,thecashbalanceofCountydepositswas
$89,825,651andthebankbalancewas$99,924,055.Includedinthesebalancesisamoneymarketaccount
intheamountof$25,509,472withTruistBank,andacertificateofdepositintheamountof$20,000,000
withBankOZK.
AlloftheCounty’sdepositsareeitherinsuredorcollateralizedusingthePoolingMethod.UnderthePooling
Method,whichisacollateralpool,alluninsureddepositsarecollateralizedwithsecuritiesheldbytheState
Treasurer’sagentinthenameoftheStateTreasureraspermittedunderNorthCarolinaAdministrative
Code,Title20,Chapter7.SincetheStateTreasurerisactinginafiduciarycapacityfortheCounty,these
depositsareconsideredtobeheldbytheiragentsintheentities’names.Depositoriesholdingpublicfunds
mustestablishanescrowaccountinthenameoftheStateTreasurertoholdthispledgedcollateraland
theymustreporttotheStateTreasurerontheadequacyoftheircollateralpools.Theamountofpledged
collateralrequiredisbasedonanapprovedaveragingmethodfornonͲinterestͲbearingdepositsandthe
actualcurrentbalanceforinterestbearingdeposits.ThePoolingMethodshiftsresponsibilityforthe
monitoringofcollateralfromtheCountytotheStateTreasurer.TheStateTreasurerdoesnotconfirmthis
informationwiththeCountyortheescrowagent.Becauseoftheinabilitytomeasuretheexactamountof
collateralpledgedfortheCounty,thepotentialexistsforunderͲcollateralization,andthisriskmayincrease
inperiodsofhighcashflows.However,theStateTreasurerenforcesstrictstandardsoffinancialstability
foreachdepositorythatcollateralizespublicdepositsunderthepoolingmethod.TheCountyanalyzesthe
financialsoundnessofanyotherfinancialinstitutionusedbytheCounty.TheCountycomplieswiththe
provisionsofN.C.G.S.159Ͳ31whendesignatingofficialdepositoriesandverifyingthatdepositsareproperly
secured.Thetotalbankbalanceof$99,924,055wascoveredbycollateralorinsuredatJune30,2022.
NorthCarolinaGeneralStatute159alsogovernsthedepositsoftheLibrary,ABCBoardandtheMedic
Agency.TheLibrary’sandMedicAgency’sdepositsareinsuredorcollateralizedbyusingthepoolingof
collateralmethod.DepositsoftheABCBoardareeitherinsuredorcollateralizedbyusingoneoftwo
methods.Underthededicatedmethod,alldepositsoverthefederaldepositoryinsurancecoverageare
collateralizedwithsecuritiesheldbytheABCBoard’sagentintheirnameorthepoolingmethod.
AtJune30,2022,theLibrary’sdepositshadacarryingamountof$14,823,260andabankbalanceof
$14,823,260.TheFederalDepositInsuranceCorporation(FDIC)covers$250,000forsubstantiallyall
depositoryaccountsandforcertainqualifyingandparticipatingnonͲinterestͲbearingtransactionaccounts.
ANNUAL COMPREHENSIVE FINANCIAL REPORT 33
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
Ofthebankbalance,$250,000wascoveredbyfederaldepositoryinsuranceand$14,573,260wascovered
bycollateralheldunderthepoolingmethod.AtJune30,2022,theLibrary’spettycashfundtotaled$8,817.
TheLibraryhasnopolicyformanaginginterestrateriskorcreditrisk.
AtJune30,2022,theMedicAgency’sdepositshadacarryingvalueof$1,801,489andabankbalanceof
$2,005,002ofwhich$250,000wascoveredbyfederaldepositoryinsuranceand$1,755,002wascovered
bycollateralunderthepoolingmethod.AtJune30,2022,theMedicAgencyhadcashonhandof$1,062.
AtJune30,2022,theABCBoard’sdepositshadacarryingvalueof$33,877,090andabankbalanceof
$34,434,209.Ofthebankbalance,$500,000wascoveredbyfederaldepositoryinsuranceand$33,934,209
wascoveredbycollateralunderthepoolingmethod.AtJune30,2022,theABCBoardhadcashonhandof
$91,505.
INVESTMENTS
NorthCarolinaGeneralStatute159Ͳ30(c)authorizestheCountytoinvestinobligationsoftheUnitedStates
orobligationsfullyguaranteedbothastoprincipalandinterestbytheUnitedStates;obligationsofthe
StateofNorthCarolina;bondsandnotesofanyNorthCarolinalocalgovernmentorpublicauthority;
obligationsofcertainnonͲguaranteedFederalagencies;certainhighͲqualityissuesofcommercialpaper,
bankers’acceptances,theNorthCarolinaCapitalManagementTrust(NCCMT)andtheNorthCarolina
InvestmentPool(NCIP).
AtJune30,2022,theCountyhadthefollowinginvestmentsandmaturities:
Allinvestmentsaremeasuredusingthemarketapproach:usingpricesandotherrelevantinformation
generatedbymarkettransactionsinvolvingidenticalorcomparableassetsoragroupofassets.
Leveloffairvaluehierarchy:Level1:Debtsecuritiesvaluedusingdirectlyobservable,quotedprices
(unadjusted)inactivemarketsforidenticalassets.Level2:Debtsecuritiesarevaluedusingamatrixpricing
technique.Matrixpricingisusedtovaluesecuritiesbasedonthesecurities’relationshiptobenchmark
quotedprices.
Valuation Lessthan
InvestmentType MeasurementMethod FairValue 12Months 1Ͳ3Years 3Ͳ5Years
U.S.Treasuries FairValueͲLevel1 356,442,800$ 297,221,000$59,221,800$  Ͳ$ 
U.S.GovernmentAgencies FairValueͲLevel2 830,759,068117,810,531473,902,524239,046,013
NCCapitalManagementTrustͲGovernmentPortfolio* FairValueͲLevel1 119,306,992 Ͳ Ͳ Ͳ
NorthCarolinaInvestmentPool** FairValueͲLevel2 15,036,097ͲͲͲ
Total 1,321,544,957$415,031,531$533,124,324$239,046,013$
*TheNCCMTGovernmentPortfoliohasaweightedaveragematurityoflessthan90days
andispresentedasaninvestmentwithamaturityoflessthan12months.
**TheNCIPhasaweightedaveragematurityoflessthan90daysandispresentedasan
investmentwithamaturityoflessthan12months.
Maturities
34 MECKLENBURG COUNTY, NORTH CAROLINA
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
INTERESTRISK
Asameansoflimitingexposuretofairvaluelossesresultingfromrisinginterestrates,theCounty’s
investmentpolicylimitsinvestmentstothosewithamaturityofnomorethan60months.Inaddition,the
investmentportfolioisstructuredsothatmaturitiesmeetcashrequirementsforongoingoperations,
therebyavoidingtheneedtosellsecuritiesontheopenmarketpriortomaturity.AtyearͲend,theweighted
averagefinalmaturityoftheCounty’sportfoliowas1year.
CREDITRISK
TheCountyhasnoformalpolicyregardingcreditriskbutmaintainsinternalmanagementproceduresthat
limittheCounty’sinvestmentstotheprovisionsofNorthCarolinaGeneralStatute159Ͳ30thatrestrictsthe
purchaseofsecuritiestothehighestpossibleratingswheneverparticulartypesofsecuritiesarerated.The
County’sinvestmentsintheNCCMTconsistsoftheGovernmentPortfolio,a2a7fundwhichinvestsin
treasuriesandgovernmentagenciesandisratedAAAmbyStandard&Poor’sandAAAͲmfbyMoody’s
InvestorsServiceasofJune30,2022.TheCounty’sinvestmentintheNCIPisratedAAAmbyStandard&
Poor’sandAAAmmfbyFitchRatings.TheCounty’sinvestmentsinU.S.GovernmentAgencies(Federal
HomeLoanBank,FederalHomeLoanMortgageCorporation,andFederalNationalMortgageAssociation)
wereratedAA+byStandard&Poor’sandAaabyMoody’sInvestorsServiceatyearͲend.
CUSTODIALCREDITRISK
Custodialcreditriskistheriskthat,intheeventofthefailureofthecounterparty,theCountywillnotbe
abletorecoverthevalueofitsinvestments.Tominimizethisrisk,theCounty’sinvestmentsareheldinthe
County’snameinasegregatedsafekeepingaccountinFifthThirdBank.
CONCENTRATIONOFCREDITRISK
TheCounty’sinvestmentpolicyrestrictsthecombinedtotalinvestmentincommercialpaperandbankers’
acceptancestonomorethantwentyͲfivepercentofthetotalportfolio.Investmentsincommercialpaper
orbankers’acceptancesofasingleissuerarelimitedtonomorethantenmilliondollarsortenpercentof
thetotalportfolioatthetimeofinvestment.Therewerenobankers’acceptancesorcommercialpaper
investmentsatyearͲend.TheCountydoesnotplacealimitonthelevelofinvestmentinfederalagency
securities.AtJune30,2022,FederalHomeLoanBanksecuritiescomprised56.5%oftheportfolio,Federal
HomeLoanMortgageCorporation18.5%,FederalFarmCreditBank14.1%,andFederalNationalMortgage
Association11.0%.
TheCounty’sinvestmentsarestatedatfairvalueinthefinancialstatements,asdeterminedbyquoted
marketprices.ThesecuritiesoftheNCCMTGovernmentPortfolio,aSECͲregistered(2aͲ7)external
investmentpool,aremeasuredatfairvalue,whichistheNCCMT’sshareprice.ThesecuritiesoftheNCIP
Portfolioarevaluedatamortizedcost,whichapproximatesfairvalue.Marketpricesusedtodeterminefair
valuesinthiscomparisonarederivedfromclosingbidpricesasofthelastbusinessdayofthemonthas
suppliedbythirdͲpartypricingservices.InaccordancewithStatelaw,theCountyinvestsinsecuritiesthat
arecallablepriortomaturityandsecuritiesthatprovideforperiodicinterestrateincreasesinspecific
incrementsuntilmaturity.Theseinvestmentsarereportedatfairvalue.
AsofJune30,2022,theCountyhad$194,219,643investedintheStateTreasurer’sLocalGovernmentOther
PostͲEmploymentBenefits(OPEB)TrustpursuanttoN.C.G.S.159Ͳ30.1.TheStateTreasurer’sOPEBTrust
mayinvestinpublicequitiesandbothlongͲtermandshortͲtermfixedincomeobligationsasdeterminedby
ANNUAL COMPREHENSIVE FINANCIAL REPORT 35
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
theStateTreasurerpursuanttotheGeneralStatutes.AtyearͲend,theStateTreasurer’sOPEBTrustwas
investedasfollows:StateTreasurer’sShortͲTermInvestmentFund(STIF)20.28%whichisreportedascash
andcashequivalents;StateTreasurer’sBondIndexFund(BIF)7.79%;andBlackRock’sMSCIACWIEQIndex
NonͲLendableClassBFund71.93%(theequitiesweresplitwith60.68%indomesticsecuritiesand39.32%
ininternationalsecurities).
OwnershipoftheSTIFisdeterminedonafairmarketvaluationbasisasoffiscalyearendinaccordancewith
theSTIFoperatingprocedures.STIFinvestmentsarevaluedbythecustodianusingLevel2inputswhichin
thiscaseinvolvesinputs—otherthanquotedprices—includedwithinLevel1thatareeitherdirectlyor
indirectlyobservablefortheassetorliability.TheSTIFisvaluedat$1pershare.TheSTIFportfolioisunrated
andhadaweightedaveragematurityatJune30,2022of0.9years.
OwnershipoftheBIFisdeterminedmonthlyatfairvalueusingthesameLevel2inputsastheSTIFandis
baseduponunitsofparticipation.Unitsofparticipationarecalculatedmonthlybaseduponinflowsand
outflowsaswellasallocationsofnetearnings.TheBIF,whichdoesnothaveacreditrating,wasvaluedat
$1perunitandhadanaveragematurityof8.75yearsonJune30,2022.
TheBlackRock’sMSCIACWIEQIndexNonͲLendableClassBfund,authorizedunderG.S.147Ͳ69.2(b)(8),isa
commontrustfundconsideredtobecommingledinnature.TheFund’sfairvalueisthenumberofshares
timesthenetassetvalueasdeterminedbyathirdparty.AtJune30,2022thefairvalueofthefundswas$
27.230307pershare.FairvalueforthisBlackrockfundisdeterminedusingLevel1inputswhicharedirectly
observable,quotedprices(unadjusted)inactivemarketsforidenticalassetsorliabilities.
Valuationtechnique:NorthCarolinaDepartmentofStateTreasurerOPEBTrustinvestmentsaremeasured
usingthemarketapproach:usingpricesandotherrelevantinformationgeneratedbymarkettransactions
involvingidenticalorcomparableassetsoragroupofassets.
INTERESTRATERISK
TheCountydoesnothaveaformalinvestmentinterestratepolicythatmanagesitsexposuretofairvalue
lossesarisingfromincreasinginterestrates.TheStateTreasurer’sShortͲTermInvestmentFund(STIF)is
unratedandhadaweightedaveragematurityof1.3yearsatJune30,2022.TheStateTreasurer’sBond
IndexFund(BIF)isunratedandhadaweightedaveragematurityof6.97yearsatJune30,2022.
AtJune30,2022,theLibrary’sinvestmentsconsistof$27,981,677whichareinvestedintheFoundationfor
theCarolina’sPooledInvestmentFunds,$464,730ofthisamountisincludedincashandcashequivalents.
TheFoundationdoesnothaveaninvestmentstrategyotherthanchoosingtheinvestmentpool.The
Foundationhasnopolicyformanaginginterestraterisk,custodialcreditrisk,orconcentrationofcredit
risk.
AllMedicAgencyinvestments,$10,220,138,wereinvestedintheNCCapitalManagementTrust
GovernmentPortfolioatJune30,2022.
MedicAgencypoliciesregardingriskare:
InterestRateRisk–Asameansoflimitingitsexposuretofairvaluelossesarisingfromrising
interestrates,MedicAgencylimitstheinvestmentportfoliotoamaximumofthreeyears.
36 MECKLENBURG COUNTY, NORTH CAROLINA
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
CreditRisk–Theagencyhasnoformalpolicyregardingcreditriskbutmaintainsinternal
managementproceduresthatlimittheAgency’sinvestmentstotheprovisionsofNorthCarolina
GeneralStatute159Ͳ30thatrestrictsthepurchaseofsecuritiestothehighestpossibleratings
wheneverparticulartypesofsecuritiesarerated.TheAgency’sinvestmentsintheNCCapital
ManagementTrustGovernmentPortfoliocarryacreditratingofAAAbyStandard&Poor’s.
CustodialCreditRisk–Foraninvestment,custodialcreditriskistheriskthatintheeventofthe
failureofthecounterparty,theAgencywillnotbeabletorecoverthevalueofitsinvestmentsor
collateralsecuritiesthatareinthepossessionofanoutsideparty.TheNCCapitalManagement
TrustGovernmentPortfolioisadiversifiedinvestmentportfolioandhelpstheAgencyreduce
custodialrisk.
During2022,nogainsorlossesfromthesaleofinvestmentsbytheCountywererecognized.Thecalculation
ofrealizedgainsisindependentofthecalculationofthenetincrease/decreaseinthefairvalueof
investments.Thenetchangeinthefairvalueofinvestmentsduring2022wasadecreaseof$49,188,797.
Thisamounttakesintoaccountallchangesinfairvalue(includingpurchasesandsales)thatoccurredduring
theyear.TheunrealizedlossoninvestmentsheldatyearͲendfortheCountywas$50,568,487.
Interestoninvestmentsisrecordedwhenearnedandisdistributedtoeachfundbasedonthefund’s
proportionateequityinpooledcashandinvestments,exceptthatinterestoninvestmentsoftheCapital
ProjectsFundsisdistributedtotheDebtServiceFundfordebtservice.
f. InventoryandPrepaidItems
InventoryisvaluedatcostonafirstͲin,firstͲoutbasisandconsistsofexpendablesuppliesheldfor
consumption.Thecostofindividualinventoryitemsisexpensedatthetimeofpurchase.Attheendofeach
fiscalyear,inventoryandapplicableexpenseaccountsareadjustedtoreflectactualinventoryonhand.
Certainpaymentstovendorsreflectcostsapplicabletofutureaccountingperiodsandarerecordedas
prepaiditemsinboththegovernmentͲwideandfundfinancialstatementsandexpensedovertheperiod
thattheitemsareused.
g. CapitalAssets
Capitalassets,whichincludeland,landimprovements,buildingsandimprovements,intangibleassets,
vehiclesandheavyequipment,andfurniture,machineryandequipment,arereportedintheapplicable
governmentalorbusinessͲtypeactivitiescolumninthegovernmentͲwidefinancialstatementsandinthe
proprietaryfundfinancialstatements.Capitalassetsaredefinedasassetswithanestimatedusefullifeof
twoyearsormorewithaninitialindividualpurchasepricethatmeetsthefollowingcapitalization
thresholds:
Landimprovements $25,000
Buildingandimprovements Greaterof$100,000or10%ofcostofbuilding
Machinery,furnitureandequipment $5,000
Computersoftware(internallygenerated)$1,000,000
Otherintangibleassets $250,000
Suchassetsarerecordedathistoricalcostorestimatedhistoricalcostiftheassetispurchasedor
constructed.DonatedcapitalassetsreceivedpriortoJuly1,2015arerecordedattheirestimatedfairvalue
ANNUAL COMPREHENSIVE FINANCIAL REPORT 37
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
atthedateofdonation.DonatedcapitalassetsreceivedafterJuly1,2015arerecordedatacquisitionvalue.
TheCountyownsonlylimitedinfrastructureassets,whichareconsideredasparkimprovements,apartof
landimprovements.Thecostsofnormalmaintenanceandrepairsthatdonotaddtothevalueoftheasset
ormateriallyextendtheasset’slifearenotcapitalized.
Depreciation,whichisrecordedasanexpenseagainsttheoperationsofthegovernmentalandbusinessͲ
typeactivitiesofthegovernmentͲwidefinancialstatementsandfortheproprietaryfundfinancial
statements,iscalculatedusingthestraightͲlinemethodoverthefollowingestimatedusefullives:
Landimprovements 20Ͳ40years
Buildingandimprovements 10Ͳ40years
Machineryandequipment 5Ͳ10years
Vehicles 3Ͳ7years
Furniture 3Ͳ10years
Computersoftware 2Ͳ10years
OtherIntangibleassets 2Ͳ10years
LibrarycapitalassetsarereportedinthegovernmentͲwidefinancialstatementsandincludeland,buildings
andimprovements,furnitureandequipmentandintangibleassets.CapitalAssetsaredefinedbytheLibrary
asassetswithaninitial,individualcostofmorethan$5,000andanestimatedusefullifeinexcessofone
year.Purchasedorconstructedassetsarerecordedatcostorestimatedhistoricalcosts.Donatedcapital
assetsarerecordedattheirestimatedfairvalueatthedateofdonation.TheLibrarycapitalizesalllibrary
bookswithausefullifegreaterthanoneyear.TheLibraryhascertainbooksthatareconsideredhistorical
treasureswhicharenotcapitalizedandarerecordedasexpendituresintheyearofacquisition.Thecosts
ofnormalmaintenanceandrepairsthatdonotaddtothevalueofassetsormaterialityextendassets’lives
arenotcapitalized.Majoroutlaysforcapitalassetsandimprovementsarecapitalizedasprojectsare
constructed.
LibrarycapitalassetsaredepreciatedusingthestraightͲlinemethodoverthefollowingestimateduseful
lives:
Buildings 40years
Furnitureandequipment 5Ͳ10years
Books 3years
IntangibleAssets 5years
FortheABCBoard,buildings,furnitureandequipmentandmotorvehiclesarestatedatcostandarebeing
depreciatedovertheirusefullivesonastraightͲlinebasis,andleaseholdimprovementsareamortizedover
thetermoftheapplicablelease.Upondisposal,thecostofanassetandtherelatedaccumulated
depreciationareremovedfromthebooks.AnygainorlossondispositionisreflectedintheStatementof
Revenues,ExpensesandChangesinNetPositionintheperiodofdisposal.Maintenanceandrepairsare
expensedasincurred.
38 MECKLENBURG COUNTY, NORTH CAROLINA
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
EstimatedusefullivesfortheABCBoardareasfollows:
Buildings 40years
Leaseholdimprovements 5Ͳ15years
Furnitureandequipment 3Ͳ10years
Vehicles 4years
MedicAgency’scapitalassetsincludesvehicles,furnitureandotherequipment,patientequipment,
computerequipmentandbuildingsandimprovements.Capitalassetsaredefinedasassetswithaninitial,
individual,purchaseof$5,000ormoreandanestimatedusefullifeofoneyearormore.Capitalassetsare
recordedathistoricalcostorestimatedhistoricalcostiftheassetispurchasedorconstructed.Thecostsof
normalmaintenanceandrepairsthatdonotaddtothevalueoftheassetormateriallyextendtheasset’s
lifearenotcapitalized.
DepreciationforMedicassetsisprovidedoverthefollowingusefullivesofeachassetclassusingthe
straightͲlinemethod:
Vehicles 4years
Furnitureandotherequipment 3Ͳ10years
Patientequipment 3Ͳ10years
Computerequipment 3Ͳ5years
Buildingsandimprovements 10years
h. DeferredOutflows/Inflowsofresources
Inadditiontoassets,theStatementofFinancialPositionwillsometimesreportaseparatesectionfor
deferredoutflowofresources.Thisseparatefinancialstatementsectionelement,DeferredOutflowsof
Resources,representaconsumptionofnetassetsthatappliesfutureperiodsandsowillnotberecognized
asanexpenseorexpenditureuntilthen.TheCountyhasseveralitemsthatmeetthiscriterion–acharge
onrefunding,pensionandOPEBrelateddeferrals,andpensioncontributionsmadesubsequenttothe
measurementdate.Inadditiontoliabilities,theStatementofFinancialPositioncanalsoreportaseparate
sectionfordeferredinflowsofresources.Thisseparatefinancialstatementelement,DeferredInflowsof
Resources,representanacquisitionofnetassetsthatappliestofutureperiodsandsowillnotberecognized
asrevenueuntilthen.TheCountyhasseveralitemsthatmeetthecriterionforthiscategory–prepaidtaxes,
taxreservationsandotherpension,OPEBandleasesrelateddeferrals.
TheLibrary,ABCBoardandMedicAgencyhaddeferredoutflowsofresourcesthatresultfrompension
relateddeferralsandcontributionsmadetothepensionplaninthecurrentyear.TheLibrary,ABCBoard
andMedicAgencyhaddeferredinflowsofresourcesthatresultfrompensionrelateddeferrals.
i. CompensatedAbsences
FortheCounty,LibraryandMedicAgency,themaximumamountofvacationthatcanbetransferredtothe
nextcalendaryearis240hours.Accruedvacationbeyondthemaximumwillbeconvertedtosickleaveas
ofthelastpayperiodendingonorbeforeDecember31eachyear.Vacationleaveisearnedbasedonyears
ANNUAL COMPREHENSIVE FINANCIAL REPORT 39
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
ofserviceandisfullyvestedwhenearned.Upontermination,County,LibraryandMedicAgencyemployees
willbepaidallunusedaccumulatedvacationupto240hours.TheCounty,LibraryandMedicAgencysick
leavepoliciesallowregularemployeestoaccumulateanunlimitedamountofsickleave.OneͲfourthofthe
unusedaccumulatedsickleave,whichisfullyvestedwhenearned,ispaidupontermination,withthe
balanceinthecaseofretirementbeingusedinthedeterminationoflengthofserviceforretirement
benefits.
AllvacationpayisaccruedwhenincurredinthegovernmentͲwideandproprietaryfundfinancial
statements.Aliabilityforvacation/sickleaveisreportedinthegovernmentalfundsfinancialstatements
onlyifthebenefithasmatured,forexample,asaresultofemployeeresignationsandretirements.
ABCBoardemployeesmayaccumulateamaximumof48daysearnedvacationbasedonyearsofservice
andsuchleaveisfullyvestedwhenearned.Employeescanaccumulateanunlimitedamountofsickleave.
Sickleavemaybeusedinthedeterminationoflengthofserviceforretirementbenefitpurposesoraportion
maybetakenasadistributionatretirement.
j. LongͲTermObligations
InthegovernmentͲwideandproprietaryfundfinancialstatements,longͲtermdebtandotherlongͲterm
obligationsarereportedasliabilitiesintheapplicablegovernmentalorbusinessͲtypeactivitiesorthe
proprietaryfundStatementofNetPosition.Bondpremiumsaredeferredandamortizedoverthelifeof
thebondsusingthestraightͲlinemethod.Bondspayablearereportednetoftheapplicablepremium.
k. NetPosition/GovernmentalFundEquity
NETPOSITION
NetpositioningovernmentͲwideandproprietaryfundfinancialstatementsisclassifiedasnetinvestment
incapitalassets,restricted,andunrestricted.Restrictednetpositionrepresentsconstraintsonresources
thatareeithera)externallyimposedbycreditors,grantors,contributors,orlawsorregulationsofother
governmentsorb)imposedbylawthroughStatestatute.
FUNDBALANCES
Inthegovernmentalfundfinancialstatements,fundbalanceiscomposedofthreeclassificationsdesigned
todisclosethehierarchyofconstraintsplacedonhowfundbalancecanbespent.
Thegovernmentalfundtypesclassifyfundbalanceasfollows:
x RestrictedFundBalance–Thisclassificationincludesrevenueresourcesthatarerestrictedtospecific
purposesexternallyimposedbycreditorsorimposedbylaw.
RestrictedforStabilizationbyStateStatute–portionoffundbalancethatisrestrictedbyState
Statute(N.C.G.S.159Ͳ8(a))whichprohibitsgovernmentalunitsfrombudgetingorspendinga
portionoftheirfundbalance.ThisisoneofseveralstatutesenactedbytheNorthCarolinaState
Legislatureinthe1930’sthatweredesignedtoimproveandmaintainthefiscalhealthoflocal
governmentunits.RestrictedforStabilizationbyStateStatute(RSS)iscalculatedattheendofthe
fiscalyearandthestatuteprovidesaformulafordeterminingwhatportionoffundbalanceis
40 MECKLENBURG COUNTY, NORTH CAROLINA
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
availableforappropriation.TheamountoffundbalancenotavailableforappropriationisRSS.
Appropriatedfundbalanceinanyfundshallnotexceedthesumofcashandinvestmentsminus
thesumofliabilities,encumbrances,anddeferredrevenuesarisingfromcashreceipts,asthose
figuresstandatthecloseofthefiscalyearnextprecedingthebudget.PerGASBguidance,RSSis
consideredaresourceuponwhicharestrictionis“imposedbylawthroughconstitutional
provisionsorenablinglegislation”.RSSisreducedbyinventoriesandprepaidsastheyareclassified
asnonͲspendable.OutstandingencumbrancesareincludedinRSS.
RestrictedforLandUseandEnvironmentalServices–portionoffundbalancethatisrestrictedby
revenuesourcestopayforstormwaterconstructionbonds,stormwatergrantsandRegisterof
Deedsdocumentpreservationandtechnologyimprovements.
RestrictedforDetentionandCourtSupportServicesͲportionoffundbalancethatisrestrictedby
revenuesourcestopayforjailandcourtoperations.
RestrictedforCapitalProjects–portionoffundbalancethatisrestrictedbyrevenuesourceand
canonlybeusedforcapitaloutlayintheCounty.
x CommittedFundBalance–Portionoffundbalancethatcanonlybeusedforspecificpurposesimposed
byordinanceapprovedbymajorityvoteoftheMecklenburgCountyBoardofCountyCommissioners
(highestlevelofdecisionͲmakingauthority).Onceadopted,thelimitationcanbechangedorremoved
withasimilaractionbythegoverningboard.Anychangesorremovalofspecificpurposesrequires
majorityactionofthegoverningbody.
CommittedforAdministrativeServices–portionoffundbalancebudgetedbytheBoardofCounty
CommissionersforsupportservicestoCountyDepartments.
CommittedforCustomerSatisfactionandManagement–portionoffundbalancebudgetedby
theBoardofCountyCommissionersforcustomersatisfactionandmanagementservices.
CommittedforLandUseandEnvironmentalServices–portionoffundbalancethatcanonlybe
usedforstormwateroperationsandcodeenforcementandlandresources.
CommittedforPublicSafety–portionoffundbalancecommittedbyrevenuesourcetopayfor
lawenforcementservices.
CommittedforFireProtection–portionoffundbalancecommittedbyrevenuesourcetopayfor
FireProtectionServices.
CommittedforCapitalProjects–portionoffundbalancethatcanonlybeusedforcapitaloutlay
intheCounty.
CommittedforDetentionandCourtSupportServices–portionoffundbalancethatcanonlybe
usedforjailandcourtoperations.
CommittedforCommunityServicesͲportionoffundbalancebudgetedbytheBoardofCounty
Commissionersforcommunityservices.
CommittedforHealthandHumanServices–portionoffundbalancecommittedforHealth,
MentalHealthandSocialServices.
ANNUAL COMPREHENSIVE FINANCIAL REPORT 41
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
CommittedforBusinessPartners–portionoffundbalancecommittedforBusinessPartners.
CommittedforDebtService–portionoffundbalancecommittedtopaydebtserviceon
outstandingdebt.
CommittedforFinancialServices–portionoffundbalancebudgetedbytheBoardofCounty
Commissionersforfinancialservices.
x UnassignedFundBalance–Portionoffundbalancethathasnotbeenrestricted,committedor
assignedtospecificpurposesorotherfunds.
Thefollowingtablepresentstherestrictions,commitmentsandassignmentsoffundbalanceatJune30,
2022:
TheGeneralFundistheonlyfundthatreportsapositiveunassignedfundbalanceamount.TheAmerican
RescuePlanActFundhadanegativeunassignedfundbalanceof($3,154,055)resultingfromthemarket
valueadjustmentallocatedtothefundandisexpectedtobereplenishedinthefollowingyearsasinterest
ratesincrease.The2021ASchoolBondsCapitalProjectsFundhasnegativeunassignedfundbalanceinthe
amountof($47,274,876)resultingfromexpenditurespaidaftertheadoptionofthecapitalprojects
ordinancebutpriortothebondsaleplannedforSeptember2022.
Outstandingencumbrancesareamountsneededtopayanycommitmentsrelatedtopurchaseordersand
contractsthatremainunperformedatyearͲend.
General
Fund
DebtService
Fund
PayͲAsͲYouͲGo
CapitalFunding
American
RescuePlan
Act
2021ASchool
Bonds
Special
Revenue
Funds
Capital
Project
Funds
FundBalance:
Restricted
StabilizationbyStateStatute 212,954,390$ Ͳ$  Ͳ$  Ͳ$  Ͳ$  Ͳ$  Ͳ$ 
LandUseandEnvironmentalServices Ͳ Ͳ Ͳ Ͳ Ͳ2,275,180 Ͳ
DetentionandCourtSupportServices Ͳ Ͳ Ͳ Ͳ Ͳ4,870,010 Ͳ
CapitalProjects Ͳ Ͳ Ͳ Ͳ Ͳ Ͳ44,071
Committed
AdministrativeServices 9,478,722 Ͳ Ͳ Ͳ Ͳ Ͳ Ͳ
CustomerSatisfactionandMangement 8,398,620 Ͳ Ͳ Ͳ Ͳ Ͳ Ͳ
LandUseandEnvironmentalServices 55,729,543 Ͳ Ͳ Ͳ Ͳ33,063,489 Ͳ
PublicSafety Ͳ Ͳ Ͳ Ͳ Ͳ8,337,008 Ͳ
FireProtection Ͳ Ͳ Ͳ Ͳ Ͳ4,878,941 Ͳ
CapitalProjects 9,600,000 Ͳ97,508,295 Ͳ Ͳ Ͳ102,590,994
DetentionandCourtSupportServices 11,718,427 Ͳ Ͳ Ͳ Ͳ174,062 Ͳ
CommunityServices 2,575,758 Ͳ Ͳ Ͳ Ͳ Ͳ Ͳ
HealthandHumanServices 18,057,372 Ͳ Ͳ Ͳ Ͳ179,419 Ͳ
BusinessPartners 16,287,219 Ͳ Ͳ Ͳ Ͳ Ͳ Ͳ
DebtService Ͳ271,411,424 Ͳ Ͳ Ͳ Ͳ Ͳ
FinancialServices 189,000 Ͳ Ͳ Ͳ Ͳ Ͳ Ͳ
Unassigned 319,088,450ͲͲ(3,154,055)(47,274,876)ͲͲ
Total 664,077,501$271,411,424$97,508,295$ (3,154,055)$(47,274,876)$53,778,109$102,635,065$
NonͲmajorFunds
42 MECKLENBURG COUNTY, NORTH CAROLINA
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
Outstandingencumbrancesareasfollows:
MecklenburgCountyhasarevenuespendingpolicythatprovidesguidanceforprogramswithmultiple
revenuesources.TheDirectorofFinancialServiceswilluseresourcesinthefollowinghierarchy:bond
proceeds,federalfunds,statefunds,localnonͲcityfunds,andCountyfunds.Forpurposesoffundbalance
classificationexpendituresaretobespentfromrestrictedfundbalancefirst,followedinͲorderby
committedfundbalance,assignedfundbalanceandlastlyunassignedfundbalance.TheDirectorof
FinancialServiceshastheauthoritytodeviatefromthispolicyifitisinthebestinterestoftheCounty.
MecklenburgCountyBoardofCountyCommissionershasalsoadoptedafundbalancepolicyforthe
GeneralFundwhichrequiresthattotalfundbalancebemaintainedat28%ofactualrevenue.TheGeneral
FundandDebtServiceFundwillbecombinedincalculatingthe28%revenuerequirement.Fundbalancein
excessof28%ofactualrevenuemaybeappropriatedtofundthecapital,technologyandfleetreserves.
Theamountappropriatedforthereserveswillnotexceed2.25centsonthepropertytaxrate.Iftotalfund
balancefallsbelow28%ofactualrevenueatwoͲyearpaybackperiodwillcommence.Unassignedfund
balancewillbemaintainedat8%ofthesubsequentyears’GeneralFundandDebtServiceFundbudgets.
FundbalancewillnotbeappropriatedforonͲgoingoperationsoftheCountyexceptinextremeemergencies
andwillbeusedtofunditemsnonͲrecurringinnature.
l. RestrictedAssets
TheDebtServiceFundhasrestrictedcashandcashequivalentspursuanttoabondorder.Theunexpended
bondproceedsofspecialobligationbondsissuedforsolidwastefacilitiesareclassifiedasrestrictedassets
fortheSolidWasteEnterpriseFundbecausetheiruseisrestrictedtothatpurpose.Theunexpendedbond
proceedsofgeneralobligationbondsissuedforcapitalprojectsareclassifiedasrestrictedassetsforthe
CapitalProjectFundsbecausetheiruseisrestrictedforthatpurpose.
m. NorthCarolinaStateLottery
TheNorthCarolinaGeneralAssemblyadoptedlegislationallocatingaportionofthenetrevenuesfromthe
NorthCarolinaStateLotteryFundtobeusedtopayforschoolconstructionprojectsortoretire
indebtednessforschoolconstruction.FortheyearendedJune30,2022,theCountyreceived$17,063,986
fromtheNorthCarolinaLotteryFundthatwasusedtoreduceoutstandingschooldebt.
General
Fund
DebtService
Fund
PayͲAsͲYouͲGoCapital
Funding
AmericanRescue
PlanAct
NonͲMajor
Funds
Encumbrances 67,734,250$299,659$89,510,642$26,900,962$41,001,938$
ANNUAL COMPREHENSIVE FINANCIAL REPORT 43
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
n. Deferredoutflows/inflowsofResources
Thebalancesindeferredoutflows/inflowsatJune30,2022arefromthefollowingsources:
Inaddition,thegovernmentalfundsreportedunavailablerevenuesfrompropertytaxreceivablesof
$20,418,656atJune30,2022.
o. StatementofCashFlows
AllcashandinvestmentsoftheproprietaryfundsareheldinaCountyͲwidecashmanagementpool.Funds
areavailableondemandfromthepoolandindividualfundsmaydepositorwithdrawfundsatanytime
withoutpriornoticeorpenalty.Accordingly,allcashandinvestmentsoftheproprietaryfundsare
consideredcashandcashequivalentsintheStatementofCashFlows.
p. DefinedBenefitPensionandOPEBPlans
TheCountyparticipatesintwocostͲsharing,multipleͲemployer,definedbenefitpensionplansthatare
administeredbytheState;theLocalGovernmentalEmployees’RetirementSystem(LGERS)andthe
RegistersofDeeds’SupplementalPensionFund(RODSPF)(collectively,the“stateͲadministereddefined
benefitpensionplans”)andoneotherpostemploymentbenefitplan(OPEB),asingleͲemployerplan.For
purposesofmeasuringthenetpensionassetorliability,deferredoutflowsofresourcesanddeferred
inflowsofresourcesrelatedtopensions,andpensionexpense,informationaboutthefiduciarynet
positionsofthestateͲadministereddefinedbenefitpensionplansandadditionsto/deductionsfromthe
stateͲadministereddefinedbenefitpensionplans’fiduciarynetpositionshavebeendeterminedonthe
samebasisastheyarereportedbythestateͲadministereddefinedbenefitpensionplans.Forthispurpose,
planmembercontributionsarerecognizedintheperiodinwhichthecontributionsaredue.TheCounty’s
employercontributionsarerecognizedwhendueandtheCountyhasalegalrequirementtoprovidethe
contributions.Benefitsandrefundsarerecognizedwhendueandpayableinaccordancewiththetermsof
thestateͲadministereddefinedbenefitpensionplans.ForpurposesofmeasuringthenetOPEBliability,
deferredoutflowsandinflowsofresourcesrelatedtoOPEB,andOPEBexpense,informationaboutthe
fiduciarynetpositionofthePlanandtheadditionsto/deductionsfromthePlan’sfiduciarynetposition
havebeendeterminedonthesamebasisastheyarereportedbythePlan.Forthispurpose,thePlan
recognizesbenefitpaymentswhendueandpayableinaccordancewiththebenefitterms.Investmentsare
reportedatfairvalue.
TheCountyalsoadministersasingleemployerdefinedbenefitpensionplanthatprovidesretirement
benefitstotheCounty’sswornlawenforcement.ThisLawEnforcementSpecialSeparationAllowance
Deferred
Outflowsof
Resources
Deferred
Inflowsof
Resources
Deferredrefundingcharges 17,543,451$  Ͳ$ 
Prepaidtaxes Ͳ993,201
Pensioncontributionssubsequenttothemeasurementdate 42,083,863 Ͳ
Pensiondeferrals 74,271,491102,389,940
OPEBdeferrals 47,955,84387,366,480
Leasedeferrals Ͳ3,323,801
Total 181,854,648$ 194,073,422$ 
44 MECKLENBURG COUNTY, NORTH CAROLINA
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
(LEOSSA)PlanisconsolidatedwiththeGeneralFundforreportingincompliancewithGASBStatementNo.
73asitisnotinadefinedtrust.Thefullaccrualimpactsofthetotalpensionliability,deferredoutflowsof
resourcesanddeferredinflowsofresourcesrelatedtopensions,andpensionexpensearecapturedonthe
governmentͲwisestatements.
q. AccountingEstimates
Thepreparationofthebasicfinancialstatementsinconformitywithaccountingprinciplesgenerally
acceptedintheUnitedStatesofAmericarequiresmanagementtomakeestimatesandassumptionsthat
affectthereportedamountsofassetsandliabilitiesanddisclosureofcontingentassetsandliabilitiesatthe
dateofthebasicfinancialstatementsandthereportedamountsofrevenuesandexpensesduringthe
reportingperiod.Actualresultscoulddifferfromthoseestimates.
r. AdoptionofAccountingPronouncement
TheCountyimplementedGovernmentalAccountingStandardsBoard(GASB)StatementNo.87,Leases
effectiveJuly1,2021.Theprimaryobjectiveofthisstatementistoenhancetherelevanceandconsistency
ofinformationaboutgovernments'leasingactivities.Underthenewguidance,aleaseisdefinedas“a
contractthatconveyscontrolofthe“righttouse”anotherentity’snonfinancialassetforaperiodoftimein
anexchangeorexchangeͲliketransaction”.
Governmentallesseeswillreportaliabilityforthepresentvalueofleasepaymentsovertheleaseterm.The
liabilityisoffsetwithanintangibleassetrepresentingthe“righttouse”anunderlyingasset.Governments
willamortizetheintangibleassetovertheshorteroftheasset’susefullifeortheleasetermandtheliability
willbereducedbyleasepaymentsoffsetbyinterestexpense.Inthegovernmentalfunds,lesseeswillreport
anexpenditureandanoffsettingotherfinancingsourceintheperiodtheleaseisinitiallyrecognizedatan
amountequaltothepresentvalueoftheleaseliability.Subsequentleasepaymentsshouldbebudgetedand
accountedforasdebtserviceprincipalandinterestexpendituresusingthemodifiedaccrualbasisof
accounting.
Governmentallessorswillreportaleasereceivableandadeferredinflowofresources.Theunderlyingasset
willnotberemovedfromthelessor’srecords.Overthelifeofthelease,thelessorwilldepreciatetheleased
assetandreducethereceivablebyleasepayments,adjustedtocoverinterestrevenue.Thedeferredinflows
willbereducedandrecognizedasrevenueinasystematicandrationalmannerovertheleaseterm.
TheCountyusestheincrementalborrowingratetocalculatethepresentvalueofleasepaymentswhenthe
rateimplicitintheleaseisnotknown.TheCountyincludesleaseextensionandterminationoptionsinthe
leaseterm,ifafterconsideringrelevanteconomicfactors,itisreasonablycertaintheCountywillexercise
theoption.
ANNUAL COMPREHENSIVE FINANCIAL REPORT 45
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
2. AccountsReceivable
ThefollowingreflectsthecomponentsofaccountsreceivableasreportedintheGovernmentͲwideStatement
ofNetPositionatJune30,2022:
3. PropertyTax
TheCounty'spropertytaxlevyeffectiveforfiscalyear2022,wasbasedontheassessedvalueslistedasof
January1,2021,forrealproperty,boats,trailersandincomeͲproducingpersonalpropertyandvehiclesas
describedbelowinthisNote.Suchassessedvalueswerebaseduponcurrentestimatedmarketvaluesfor
personalpropertyand,forrealproperty,estimatedmarketvaluesasofJanuary1,2021.Thepropertytaxrate
forthe2022fiscalyearwas$.6169per$100valuation.Arevaluationofallrealpropertyisrequiredtobe
performedatleasteveryeightyears.TheCountycompletedarevaluationinfiscalyear2019whichwaseffective
forfiscalyear2020.NorthCarolinaGeneralStatutesrequirethateachCountymakeannualappropriationsto
accumulatethemoneysestimatedtoberequiredforsuchpurpose.
InaccordancewithStatelaw,theCountyleviesadvaloremtaxesonpropertyotherthanmotorvehiclesonJuly
1,thebeginningofthefiscalyear.ThetaxesaredueSeptember1,theliendate;however,penaltiesandinterest
donotaccrueuntilthefollowingJanuary6.TheCountyconsidersallrevenuesavailableiftheyarecollected
within60daysafteryearͲend,exceptforpropertytaxes.Advalorempropertytaxesarenotaccruedasrevenue
becausetheamountisnotsusceptibletoaccrual.AtJune30,taxesreceivablearemateriallypastdueandare
notconsideredtobeanavailableresourcetofinancetheoperationsofthecurrentyear.
TheStateofNorthCarolinaisresponsibleforbillingandcollectingthepropertytaxesonregisteredmotor
vehiclesonbehalfofallmunicipalitiesandspecialtaxdistricts.Propertytaxesareduewhenvehiclesare
registered.Thebilledtaxesareapplicabletothefiscalyearinwhichtheyarereceived.
4. TaxesCollectedforMunicipalities
TheCountyactsasagentforbillingandcollectingpropertytaxleviesforallmunicipalitiesintheCounty.Such
amountsareaccountedforintheFiduciaryCustodialFunds.TheCountyalsocollectsroomoccupancytaxes,a
portionofwhichisdistributedtotheCityofCharlotteandTownsofCornelius,Davidson,Huntersville,Matthews
andPineville,foodandbeveragetaxes,whicharedistributedtotheCityofCharlotte,andvehiclerentaltaxes
whicharedistributedtotheCityofCharlotteandTownsofCornelius,Davidson,Matthews,MintHilland
Pineville.TheseamountsareaccountedforinthetwoCustodialFunds,Municipalities’TaxesandFoodand
BeverageTax,respectively.
BusinessͲtype
Activities
GeneralFund
DebtService
Fund
AmericanRescue
PlanActFund NonͲMajorFunds
InternalService
Funds
SolidWaste
FundTotalReceivables
General 3,680,740$ 2,644,623$ Ͳ$ 8,150,911$1,002,329$1,744,208$ 17,222,811$
Less:Allowancefordoubtfulaccounts (3,300) Ͳ Ͳ Ͳ Ͳ Ͳ(3,300)
Federal,StateandLocalGovernment 126,368,01023,427,517 Ͳ28,328,600 Ͳ Ͳ178,124,127
Taxes 23,110,776 Ͳ Ͳ584,050 Ͳ Ͳ23,694,826
Less:Allowancefordoubtfulaccounts (3,213,000) Ͳ Ͳ(63,170) Ͳ Ͳ(3,276,170)
Interest 1,340,781899,236201,04690,030107,54775,2352,713,875
TotalAccountsReceivable 151,284,007$26,971,376$201,046$ 37,090,421$1,109,876$1,819,443$ 218,476,169$
GovernmentalActivities
46 MECKLENBURG COUNTY, NORTH CAROLINA
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
5. CapitalAssets
ThefollowingpresentstheactivityincapitalassetsfortheyearendedJune30,2022:
MECKLENBURGCOUNTY
Balance
July1,2021Additions Deletions Transfers
Balance
June30,2022
Governmentalactivities:
Capitalassetsnotbeingdepreciated:
Land 741,688,989$ 24,812,009$  Ͳ$ 6,785,670$ 773,286,668$ 
Constructioninprogress 99,885,22348,295,239Ͳ(84,462,310)63,718,152
Totalcapitalassetsnotbeingdepreciated 841,574,21273,107,248Ͳ(77,676,640)837,004,820
Capitalassetsbeingdepreciated:
Landimprovements 64,229,888296,680 Ͳ535,07765,061,645
Buildingsandimprovements 941,337,6761,169,234 Ͳ76,360,1051,018,867,015
Vehiclesandheavyequipment 35,110,8441,416,608(1,361,199) Ͳ35,166,253
Furniture,machineryandequipment 48,922,8863,562,838(282,144)781,45852,985,038
IntangiblesͲsoftwareandlicenses 16,425,311 Ͳ Ͳ Ͳ16,425,311
Leasedbuildings Ͳ619,779 Ͳ Ͳ619,779
Leasedvehicles Ͳ10,997 Ͳ Ͳ10,997
Leasedequipment Ͳ2,362,264 Ͳ Ͳ2,362,264
Leasedotherassets Ͳ546,060ͲͲ546,060
Totalcapitalassetsbeingdepreciated 1,106,026,6059,984,460(1,643,343)77,676,6401,192,044,362
Lessaccumulateddepreciation:
Landimprovements (45,871,782)(2,251,492) Ͳ Ͳ(48,123,274)
Buildingsandimprovements (471,810,854)(41,680,352) Ͳ Ͳ(513,491,206)
Vehiclesandheavyequipment (24,811,890)(2,373,744)1,234,654 Ͳ(25,950,980)
Furniture,machineryandequipment (29,761,126)(3,148,854)262,957 Ͳ(32,647,023)
IntangiblesͲsoftwareandlicenses (15,944,751)(411,590) Ͳ Ͳ(16,356,341)
Lessaccumulatedamortization:
Leasedassets Ͳ(1,264,812) Ͳ Ͳ(1,264,812)
Totalaccumulateddepreciationandamortizat (588,200,403)(51,130,844)1,497,611Ͳ(637,833,636)
Totalcapitalassetsbeingdepreciated,net517,826,202(41,146,384)(145,732)77,676,640554,210,726
Governmentalactivitiescapitalassets,net 1,359,400,414$ 31,960,864$ (145,732)$ Ͳ$ 1,391,215,546$ 
PrimaryGovernment
ANNUAL COMPREHENSIVE FINANCIAL REPORT 47
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
PrimaryGovernmentcontinued
DepreciationandamortizationexpensewaschargedtotheprogramsoftheCountyasfollows:
BUSINESSͲTYPEACTIVITIES
Balance
June30,2021Additions Deletions Transfers
Balance
June30,2022
BusinessͲtypeactivities
Capitalassetsnotbeingdepreciated:
Land 42,575,382$  Ͳ$  Ͳ$ 42,575,382$ 
Constructioninprogress 983,9754,620,009Ͳ(5,603,984)Ͳ
Totalcapitalassetsnotbeingdepreciated 43,559,3574,620,009 Ͳ(5,603,984)42,575,382
Capitalassetsbeingdepreciated:
Landimprovements 11,359,230 Ͳ5,603,98416,963,214
Buildingsandimprovements 31,200,024 Ͳ Ͳ Ͳ31,200,024
Vehiclesandheavyequipment 5,487,32616,012(135,800) Ͳ5,367,538
Furniture,machineryandequipment 27,661,191925,975(102,207)Ͳ28,484,959
Totalcapitalassetsbeingdepreciated 75,707,771941,987(238,007)5,603,98482,015,735
Lessaccumulateddepreciation:
Landimprovements (6,272,950)(522,573) Ͳ Ͳ(6,795,523)
Buildingsandimprovements (13,212,976)(871,837) Ͳ Ͳ(14,084,813)
Vehiclesandheavyequipment (3,871,132)(227,017)135,800 Ͳ(3,962,349)
Furniture,machineryandequipment (14,653,754)(1,940,357)102,207Ͳ(16,491,904)
Totalaccumulateddepreciation (38,010,812)(3,561,784)238,007 Ͳ(41,334,589)
Totalcapitalassetsbeingdepreciated,net37,696,959(2,619,797)Ͳ5,603,98440,681,146
BusinessͲtypeactivitiescapitalassets,net 81,256,316$ 2,000,212$ Ͳ$ Ͳ$ 83,256,528$ 
PrimaryGovernment
Governmentalactivities:
CustomerSatisfactionandManagementServices 5,838$
AdministrativeServices 8,074,045
FinancialServices 446,512
LandUseandEnvironmentalServices 968,648
CommunityServices 24,340,302
DetentionandCourtSupportServices 15,442,521
HealthandHumanServices 1,691,404
BusinessPartners 161,574
TotalGovernmentalactivities 51,130,844
BusinessͲtypeactivities:
SolidWasteEnterpriseFund 3,561,784
Totaldepreciationexpense 54,692,628$
48 MECKLENBURG COUNTY, NORTH CAROLINA
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
AmountsexpendedandestimatedcoststocompletetheCounty’sconstructioninprogressareasfollows:
ActivityintheLibrary’scapitalassetsfortheyearendedJune30,2022isasfollows:
Estimated
Project
Authorization
Expendedto
June30,2022
Coststo
Complete
Projects:
GovernmentalFunds:
ParkandRecreationalfacilities 133,608,071$33,928,725$ 99,679,346$ 
LawEnforcement/Courtfacilities 35,812,852991,64834,821,204
Countyfacilities 106,332,22728,797,77977,534,448
TotalGovernmentalFunds 275,753,150$63,718,152$ 212,034,998$ 
Balance
June30,2021Additions Deletions
Balance
June30,2022
Capitalassetsnotbeingdepreciated:
Land 13,523,473$ Ͳ$  Ͳ$ 13,523,473$
Constructioninprogress 15,097,51310,407,515(15,487,730)10,017,298
Totalcapitalassetsnotbeingdepreciated 28,620,98610,407,515(15,487,730)23,540,771
Capitalassetsbeingdepreciated:
Buildingsandimprovements 119,150,46814,809,880(3,068,971)130,891,377
Books 10,415,4781,535,420(2,470,279)9,480,619
Furnitureandequipment 8,703,205765,976(1,193,736)8,275,445
Digitalbooks 5,702,8411,729,088 Ͳ7,431,929
Website 609,345 Ͳ Ͳ609,345
Leasedbuildings Ͳ8,970,535 Ͳ8,970,535
Leasedequipmentandfixtures Ͳ872,868 Ͳ872,868
Leaseholdimprovements 1,272,853128,584Ͳ1,401,437
Totalcapitalassetsbeingdepreciated 145,854,19028,812,351(6,732,986)167,933,555
Lessaccumulateddepreciation:
Buildingsandimprovements (46,733,828)(3,005,823)1,754,684(47,984,967)
Books (6,212,321)(1,846,682)2,470,279(5,588,724)
Furnitureandequipment (7,003,202)(523,432)1,148,531(6,378,103)
Digitalbooks (2,792,093)(1,093,043) Ͳ(3,885,136)
Websitesandotherprojects (562,897)(19,650) Ͳ(582,547)
Leaseholdimprovements (122,094)(84,857) Ͳ(206,951)
Leasedassets Ͳ(937,524)Ͳ(937,524)
Totalaccumulateddepreciation (63,426,435)(7,511,011)5,373,494(65,563,952)
Totalcapitalassetsbeingdepreciated,net 82,427,75521,301,340(1,359,492)102,369,603
TotalCapital Assets,net 111,048,741$31,708,855$(16,847,222)$125,910,374$
ANNUAL COMPREHENSIVE FINANCIAL REPORT 49
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
ActivityintheMedicAgency’scapitalassetsfortheyearendedJune30,2022isasfollows:
ActivityintheABCBoard’scapitalassetsfortheyearendedJune30,2022isasfollows:
Balance
June30,2021Additions Deletions
Balance
June30,2022
Capitalassetsbeingdepreciated:
Vehicles 18,857,594$ 2,394,656$ (1,997,205)$ 19,255,045$ 
Furnitureandotherequipment 2,985,204 Ͳ Ͳ2,985,204
Patientequipment 4,119,4363,241,626 Ͳ7,361,062
Computerequipment 7,205,490950,925 Ͳ8,156,415
Buildingsandimprovements 300,258ͲͲ300,258
Totalcapitalassetsbeingdepreciated 33,467,9826,587,207(1,997,205)38,057,984
Less:accumulateddepreciation:
Vehicles (13,988,552)(1,771,633)1,997,205(13,762,980)
Furnitureandotherequipment (1,733,022)(434,778) Ͳ(2,167,800)
Patientequipment (4,023,896)(66,836) Ͳ(4,090,732)
Computerequipment (6,560,765)(420,646) Ͳ(6,981,411)
Buildingsandimprovements (43,342)(30,025)Ͳ(73,367)
Totalaccumulateddepreciation (26,349,577)(2,723,918)1,997,205(27,076,290)
TotalCapitalassets,net 7,118,405$ 3,863,289$ Ͳ$10,981,694$ 
Balance
June30,2021Additions Deletions
Balance
June30,2022
Capitalassetsnotbeingdepreciated:.
Land 13,607,846$999,699$Ͳ$ 14,607,545$
Totalcapitalassetsnotbeingdepreciated 13,607,846999,699Ͳ14,607,545
Capitalassetsbeingdepreciated:
Buildingsandimprovements 47,158,682702,149 Ͳ47,860,831
Constructioninprogress 398,581488,064 Ͳ886,645
Equipment 5,686,531290,757(2,551)5,974,737
Motorvehicles 1,337,723365,654(160,852)1,542,525
Totalcapitalassetsbeingdepreciated 54,581,5171,846,624(163,403)56,264,738
Lessaccumulateddepreciation:
Buildingsandimprovements (17,048,368)(1,440,675) Ͳ(18,489,043)
Constructioninprogress (173)203 Ͳ30
Equipment (4,366,029)(448,831) 2,551(4,812,309)
Motorvehicles (1,016,185)(181,252)160,852(1,036,585)
Totalaccumulateddepreciation (22,430,755)(2,070,555)163,403(24,337,907)
Totalcapitalassetsbeingdepreciated,net32,150,762(223,931)Ͳ31,926,831
TotalCapitalassets,net 45,758,608$775,768$Ͳ$ 46,534,376$
50 MECKLENBURG COUNTY, NORTH CAROLINA
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
6. AccountsPayable,AccruedLiabilitiesandUnearnedGrantRevenue
Thecomponentsofaccountspayable,accruedliabilitiesandunearnedgrantrevenueatJune30,2022forthe
governmentalactivitiesandthebusinessͲtypeactivitiesasreportedintheStatementofNetPositionareas
follows:
7. LongTermDebt
GeneralObligationBonds
TheCountyissuesgeneralobligationbondstoprovidefortheacquisitionandconstructionofmajorcapital
facilitiesfortheCounty,PublicLibraryofCharlotteandMecklenburgCounty,CharlotteͲMecklenburgSchools
andCentralPiedmontCommunityCollege.Generalobligationbondsaredirectobligationsandpledgethefull
faithandcreditoftheCounty.TheCountyconsolidatesalldebtissues,includingschools,intothePublic
Improvementcategory.Repaymentofgeneralobligationbondsisfundedfromgeneralpropertytaxrevenues.
Intheeventofadefault,theCountyagreestopaytothepurchaser,ondemand,interestonanyandallamounts
dueandowingbytheCounty.
GeneralobligationbondsoutstandingatJune30,2022:
GeneralObligationBondsaredueseriallyandmatureduringthefiscalyears2023to2042andhaveinterest
ratesatdateofissuancerangingfrom2.25%to4.95%forthefixedratebonds.Theeffectiverateofinterest
paidontheaverageprincipalbalanceofoutstandingbondsduringtheyearwas3.89%.
BusinessͲtype
Activities
General
Fund
PayͲAsͲYouͲGo
CapitalFund
AmericanRescue
PlanActFund
2021ASchool
Bonds
Nonmajor
Funds
InternalService
Funds
GASB34
Adjustments
SolidWaste
EnterpriseFund
TotalAccounts
Payableand
AccruedLiabilities
Generalpayables 61,417,413$ 9,270,661$ 25,289$ 16,511,940$35,880,449$33,234,503$ Ͳ$ 1,179,331$ 157,519,586$ 
Salaries&benefitspayable 22,391,208127,18329,660 Ͳ350,910 Ͳ Ͳ416,19223,315,153
Unearnedgrantrevenue 2,169,098 Ͳ206,039,481 Ͳ1,246,619 Ͳ Ͳ Ͳ209,455,198
Accruedinterestpayable Ͳ Ͳ Ͳ Ͳ Ͳ Ͳ15,176,27895,22515,271,503
Otheraccruedliabilities 12,567,910ͲͲ30,762,93612,311,119Ͳ(45,582,474)Ͳ10,059,491
Total 98,545,629$ 9,397,844$ 206,094,430$ 47,274,876$49,789,097$33,234,503$ (30,406,196)$1,690,748$ 415,620,931$ 
GovernmentalActivities
IssueDate
Due
Serially
To
Average
Interest
Rate%
Original
Issue
Balance
June30,2022
RefundingBonds2010–SeriesAMarch16,2010 2026 3.1098 114,940,000$40,445,000$
QualifiedSchoolConstructionBonds–SeriesBOctober27,2011 2031 4.3490 51,000,00051,000,000
RefundingBonds2011–SeriesCOctober27,2011 2026 2.9501 164,015,00017,980,000
RefundingBonds2013–SeriesAJanuary29,2013 2028 4.9525 209,815,000103,870,000
PublicImprovement2013–SeriesBFebruary20,2013 2033 3.5009 100,000,00055,000,000
SchoolBonds2015–SeriesAMarch17,2015 2035 3.8746 100,000,00065,000,000
RefundingBonds2016–SeriesAOctober12,2016 2030 4.6234 148,565,00067,400,000
PublicImprovement2016–SeriesBOctober18,2016 2036 3.4720 200,000,000171,000,000
PublicImprovement2017–SeriesASeptember12,2017 2037 3.5666 225,000,000207,000,000
PublicImprovement2018–SeriesASeptember12,2018 2039 3.9550 150,000,000127,500,000
PublicImprovement2019 September26,2019 2040 3.6660 200,000,000180,000,000
SchoolBonds2021 March18,2021 2041 2.9444 225,000,000213,750,000
Total 1,888,335,000$1,299,945,000$
ANNUAL COMPREHENSIVE FINANCIAL REPORT 51
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
ThefollowingscheduleshowsannualrequirementstoamortizeallbondeddebtoutstandingasofJune30,2022:
FiscalYear Principal Interest
2023 95,785,000$ 50,393,759$ 
2024 97,235,00045,912,090
2025 102,620,00041,055,734
2026 102,990,00036,134,015
2027 82,590,00031,613,978
2028Ͳ2032 409,975,000104,543,121
2033Ͳ2037 318,750,00036,513,750
2038Ͳ2042 90,000,0004,734,375
Total 1,299,945,000$350,900,822$
GovernmentalActivities
TheCountyissubjecttotheLocalGovernmentBondActofNorthCarolina,whichlimitstheamountofnet
bondeddebt(exclusiveoffundingandrefundingbonds,bondsissuedforwater,gas,orelectricpowerpurposes,
andbondsissuedforcertainotherspecifiedpurposes)theCountymayhaveoutstandingupto8%ofthe
appraisedvalueofpropertysubjecttotaxation.OnJune30,2022,suchstatutorylimitfortheCountywas
$15,728,009,040providingalegaldebtmarginof$13,789,977,457.AsofJune30,2022,$490,085,000of
generalobligationbondswasauthorizedbutunissued.
SpecialObligationBonds
Infiscalyear2012,theCountyissued$12,220,000ofSpecialObligationBondspursuanttotheNorthCarolina
SolidWasteManagementLoanProgramandLocalGovernmentSpecialObligationBondAct.Thetrueinterest
costofthebondsis3.22%withanaveragelifeof8.33years.ThefinalmaturitydateisJanuary1,2026.The
bondsareusedtoacquireandconstructcertainadditionsandimprovementstotheCounty’sexistingsolidwaste
managementfacilities,acquireequipmentandpaycertaincostsrelatedtotheissuanceoftheSpecialObligation
Bonds.ThebondsaresolelysecuredbyandpayablefromobligatedrevenuesconsistingoftheCounty’sannual
ResidentialSolidWasteFeeimposedonallresidencesandarenonͲgeneralobligationfinancings.Thebondsare
notsecuredbytheCounty’sgeneralfundsanddonotconstitutealegalorequitablepledge,charge,lienor
encumbranceonanyoftheCounty’spropertyoranyofitsincome,receiptsorrevenues,excepttheobligated
revenues.
SpecialObligationBondsoutstandingatJune30,2022:
FiscalYear Principal Interest
2023 990,000$ 190,450$ 
2024 1,020,000160,750
2025 1,070,000109,750
2026 1,125,00056,250
Total 4,205,000$ 517,200$ 
52 MECKLENBURG COUNTY, NORTH CAROLINA
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
InstallmentFinancings
PursuanttotheNorthCarolinaCleanWaterRevolvingLoan&GrantActof1987andtheFederalCleanWater
ActAmendmentsof1987,theCountyutilizedloanproceedsfromtheStateofNorthCarolinaDepartmentof
EnvironmentalandNaturalResourcesDivisionofWaterQuality,adirectborrowing,torestoreapproximately
threemilesofTorrenceCreek.TheloanstoberepaidareoneͲhalfofthetotalprojectcostsreimbursed.
PrincipalisforgivenforoneͲhalfofthetotalprojectcostsreimbursed.
TheCountyenteredintotheGuaranteedEnergySavingsContract,adirectborrowing,toprovidefinancingfor
services,systemsandfacilitydesignstoreduceenergyconsumptionandcosts.Theequipmentispledgedas
collateralforthefinancingandintheeventofdefault,willberemovedfromthefacility.Nodeficiency
judgementmayberenderedagainsttheCountyforamountsowedandthetaxingpoweroftheCountymaynot
bepledgeddirectlyorindirectlytocollateralizeamountsduepursuanttothiscontract.
MecklenburgCountyPublicFacilitiesCorporation(theCorporation)issuedcertificatesofparticipationand
limitedobligationrefundingbondstoprovidefinancingforconstructing,renovatingandequippingofvarious
CountyschoolfacilitiesandimprovementstocertainCountygovernmentfacilities.Theseinstallmentfinancings
arenonͲgeneralobligationfinancings,andthefacilitiesarepledgedascollateralforthedebtuntilthedebtis
retired.NodeficiencyjudgementmayberenderedagainsttheCountyforamountsowedandthetaxingpower
oftheCountymaynotbepledgeddirectlyorindirectlytocollateralizeamountsduepursuanttothesecontracts.
The2013TaxableLimitedObligationBondswereissuedpursuanttoadeedoftrustinwhichoneoftheCounty’s
jailfacilitiesispledgedascollateralforthisdebt.Ifadefaultoccurs,themortgagedpropertycanbeforeclosed,
andtheproceedsusedtopayoffthedebt.Noassurancecanbegiventhattheproceedswillbesufficientto
paytheprincipalandinterestdueandnodeficiencyjudgementcanberenderedagainsttheCountyifthe
proceedsarenotsufficienttopayoffthebonds.
The2015LimitedObligationRefundingwasissuedpursuanttoadeedoftrustinwhichschoolfacilities,aparking
deckandaCountyofficebuildingarepledgedascollateralforthisdebt.TheCountyhasenteredintolease
agreementswiththeCharlotteMecklenburgBoardofEducationfortheschoolfacilitiesthattransferstherights
andresponsibilitiesformaintenanceandinsuranceofthepropertytotheBoardofEducation.Ifadefault
occurs,themortgagedpropertycanbeforeclosed,andtheproceedsusedtopayoffthedebt.Noassurance
canbegiventhattheproceedswillbesufficienttopaytheprincipalandinterestdueandnodeficiency
judgementcanberenderedagainsttheCountyiftheproceedsarenotsufficienttopayoffthebonds.
The2017LimitedObligationRefundingwasissuedpursuanttoadeedoftrustinwhichschoolfacilitiesare
pledgedascollateralforthisdebt.TheCountyhasenteredintoleaseagreementswiththeCharlotte
MecklenburgBoardofEducationfortheschoolfacilitiesthattransferstherightsandresponsibilitiesfor
maintenanceandinsuranceofthepropertytotheBoardofEducation.Ifadefaultoccurs,themortgaged
propertycanbeforeclosed,andtheproceedsusedtopayoffthedebt.Noassurancecanbegiventhatthe
proceedswillbesufficienttopaytheprincipalandinterestdueandnodeficiencyjudgementcanberendered
againsttheCountyiftheproceedsarenotsufficienttopayoffthebonds.
ANNUAL COMPREHENSIVE FINANCIAL REPORT 53
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
InstallmentfinancingsoutstandingatJune30,2022:
Theinstallmentfinancingsaredueseriallyandmatureduringthefiscalyears2023to2032ataverageinterest
ratesatdateofissuancerangingfrom2.78%to4.66%forthefixedrateobligations.Theeffectiverateofinterest
paidontheaverageprincipalbalanceoutstandingduringtheyearwas4.58%.
Thefollowingtableshowstheannualdebtservicerequirementstomaturity:
$116,991,404ofgovernmentalactivitiesdebtoutstandingatJune30,2022relatestoassetsoftheCounty.
Unspentbondproceedsrelatedtothisdebtwere$20,348andunamortizedrefundingchargeswere$3,187,390
atJune30,2022.
IssueDate
Due
Serially
To
Average
Interest
Rate%
Original
Issue
Balance
June30,2022
NCCleanWaterStateRevolvingLoan April11,2011 2030 Ͳ2,493,625$ 419,648$ 
GuaranteedEnergySavingsContract December16,2011 2025 3.100 6,291,2811,466,935
2013TaxableLimitedObligationBonds March13,2013 2028 2.779 18,115,0008,195,000
2015LimitedObligationRefundingApril30,2015 2028 4.659 120,025,00070,605,000
2017LimitedObligationRefunding September14,2017 2028 4.522 119,135,00067,315,000
Total 266,059,906$148,001,583$
FiscalYear Principal Interest Principal Interest Principal Interest
2023 669,819$ 35,797$ 39,560,000$ 6,545,723$40,229,819$ 6,581,520$ 
2024 580,97318,80333,350,0004,668,89833,930,9734,687,701
2025 373,5113,30522,490,0003,030,65022,863,5113,033,955
2026 52,456 Ͳ17,545,0002,057,19017,597,4562,057,190
2027 52,456 Ͳ16,745,0001,251,17516,797,4561,251,175
2028Ͳ2032 157,368Ͳ16,425,000753,75016,582,368753,750
Total 1,886,583$ 57,905$ 146,115,000$ 18,307,386$ 148,001,583$ 18,365,291$ 
DirectBorrowing Other Total
54 MECKLENBURG COUNTY, NORTH CAROLINA
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
ChangesinLongͲTermLiabilities
ThefollowingpresentsthechangesinlongͲtermliabilitiesfortheyearendedJune30,2022:
Forthegovernmentalfunds,thenetpensionliabilities,netOPEBliabilityandcompensatedabsencesare
liquidatedbytheGeneralFund.
ThefollowingpresentsthechangesinlongͲtermliabilitiesfortheyearendedJune30,2022fortheLibrary:
$2,541,529oflongͲtermliabilitiesduewithinoneyearfortheMedicAgencyrepresentscompensatedabsences
atJune30,2022.The$90,431,289oflongͲtermliabilitiesdueinmorethanoneyearrepresentstheunfunded
liabilityforfuturepostͲemploymenthealthcarebenefitsandthenetpensionliability.
Balance
July1,2021Increases Decreases
Balance
June30,2022
Duewithin
OneYear
Governmentalactivities:
Generalobligationbonds 1,418,580,000$ Ͳ$ (118,635,000)$1,299,945,000$95,785,000$ 
Bondpremium 192,626,257Ͳ(18,300,151)174,326,10618,300,151
Totalbondspayable 1,611,206,257 Ͳ(136,935,151)1,474,271,106114,085,151
Leaseliabilitŝes 435,4983,539,100(1,735,805)2,238,7931,365,924
Compensatedabsences 44,861,28432,789,812(34,692,706)42,958,39033,486,637
InstallmentfinancingsͲdirect
borrowing 2,607,426 Ͳ(720,843)1,886,583669,819
InstallmentfinancingsͲother 181,360,000 Ͳ(35,245,000)146,115,00039,560,000
NetOPEBliability 401,088,31044,517,170 Ͳ445,605,480 Ͳ
Netpensionliability(LGERS) 163,666,382 Ͳ(94,653,198)69,013,184 Ͳ
Totalpensionliability(LEOSSA) 28,407,483Ͳ(542,336)27,865,147Ͳ
TotalGovernmentalActivities 2,433,632,64080,846,082(304,525,039)2,209,953,683189,167,531
BusinessͲtypeactivities:
SpecialObligationBonds 5,170,000 Ͳ(965,000)4,205,000990,000
BondPremium 364,048Ͳ(68,302)295,74668,302
Totalbondspayable 5,534,048 Ͳ(1,033,302)4,500,7461,058,302
Compensatedabsences 960,816570,128(533,032)997,912456,574
Netpensionliability(LGERS) 2,510,434 Ͳ(1,817,999)692,435 Ͳ
Landfilldevelopmentand
postͲclosurecarecosts 15,086,241ͲͲ15,086,241Ͳ
TotalBusinessͲtypeActivities 24,091,539570,128(3,384,333)21,277,3341,514,876
TotalGovernmentͲwide 2,457,724,179$81,416,210$(307,909,372)$2,231,231,017$190,682,407$
Balance
June30,2021Additions Reductions
Balance
June30,2022
Duewithin
OneYear
Governmentalactivities:
Leaseliabilities 19,855$ 9,843,403$(619,053)$ 9,244,205$704,627$
CompensatedAbsences 2,415,6172,086,646(2,156,821)2,345,4421,805,090
NetPensionLiability 8,899,262 Ͳ(4,793,212)4,106,050 Ͳ
TotalOPEBLiability 77,270,4722,493,646Ͳ79,764,118Ͳ
TotalGovernmentalactivities 88,605,206$14,423,695$(7,569,086)$95,459,815$2,509,717$
ANNUAL COMPREHENSIVE FINANCIAL REPORT 55
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
8. Leases
Lessee
TheCountyhasenteredintoleasearrangementsfortwobuildings,oneforvehicles,oneforotherasset,and
threeforequipment.Theleasecontractsexpireatvariousdatesthrough2025.Therighttouseassetsare
intangibleassetsandarerecordedincapitalassetsasbuilding,equipment,otherassetandvehicleleasesas
notedinFootnote5.
ThefollowingrepresentsthefutureminimumleasepaymentsrequiredundertheleasearrangementsasofJune
30:
Lessor
TheCountyhasenteredinto6arrangementstoleasebuildingsandlandownedbytheCountytoothers.The
leasecontractsexpireatvariousdatesthrough2031.During2022,theCountyreceived$516,958inlease
revenuewhichrepresentsthetotalamountofinflowsofresourcesinthereportingperiodfromleases.Lease
revenueisreportedwithotherrevenueinthestatementofrevenues.
Thefollowingrepresentsthefutureminimumleaserevenuerelatedtogovernmentalfundsunderthelease
arrangementsasofJune30:
Lessee
YearEndingJune30,PrincipalInterestTotal
2023 1,365,924$7,687$1,373,611$
2024 833,9702,711836,681
2025 38,89911939,018
2,238,793$10,517$2,249,310$
Lessor
YearEndingJune30,PrincipalInterestTotal
2023 549,037$45,212$594,249$
2024 553,52036,502590,022
2025 538,34029,903568,243
2026 481,39823,347504,745
2027 426,19117,151443,342
2028Ͳ2031 782,95417,046800,000
3,331,440$169,161$3,500,601$
56 MECKLENBURG COUNTY, NORTH CAROLINA
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
9. Transfers,InterfundReceivablesandPayables
ThefollowingisasummaryofinterfundtransfersatJune30,2022:
Thetransfersconsistprimarilyofthefollowing:(a)$50,930,164fromtheGeneralFundand$110,919,060from
theDebtServiceFundtoPayͲAsͲYouͲGoCapitalFundingandNonͲMajorCapitalProjectFundstofundcapital
projects,(b)$190,920fromtheGeneralFundtoNonͲMajorSpecialRevenueFundstosupplementStormWater
funding,(c)$6,600,000fromPayͲAsͲYouͲGoCapitalFundingtoNonͲMajorCapitalProjectFundsforland
acquisitionfortheEnvironmentalLeadershipActionPlan,and(d)$27,000,000fromtheGeneralFundtothe
RiskManagementInternalServiceFundasariskreserveforpotentialfutureliabilities.
ThefollowingisasummaryofinterfundreceivablesandpayablesatJune30,2022:
Thebalancesrepresentlending/borrowingarrangementsresultingfromthetimingofexpendituresversusthe
receiptofrevenues.
TransfersOut:General
PayͲAsͲYouͲGo
CapitalFunding
NonͲMajor
CapitalProject
Funds
NonͲMajor
SpecialRevenue
Funds
InternalService
FundsTotal
Generalfund Ͳ$ 5,000,000$45,930,164$190,920$ 27,000,000$ 78,121,084$ 
DebtServiceFund Ͳ104,119,0606,800,000 Ͳ Ͳ110,919,060
NonͲMajorSpecialRevenueFunds 962,959 Ͳ Ͳ Ͳ Ͳ962,959
PayͲAsͲYouͲGoCapitalFunding ͲͲ6,600,000Ͳ Ͳ6,600,000
Total 962,959$ 109,119,060$59,330,164$190,920$ 27,000,000$ 196,603,103$ 
TransfersIn:
Duefrom
otherfunds
Dueto
otherfunds
GeneralFund 8,147,759$2,508,419$ 
InternalServiceFunds 2,508,419 Ͳ
NonͲMajorCapital ProjectFunds Ͳ34,926,297
NonͲMajorSpecialRevenueFunds Ͳ8,147,759
PayͲAsͲYouͲGoCapitalFunding 34,926,297Ͳ
Total 45,582,474$45,582,474$ 
ANNUAL COMPREHENSIVE FINANCIAL REPORT 57
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
10. PensionPlanObligations
TheCountyparticipatesintheNorthCarolinaLocalGovernmentalEmployees’RetirementSystem(LGERS),
theLawEnforcementOfficers’SpecialSeparationAllowance(LEOSSA),aSupplementalRetirementIncome
PlanandtheRegisterofDeeds’SupplementalPensionFund(RODSPF).Thepensionliabilityandasset,
deferredinflowsofresourcesanddeferredoutflowsofresourcesandpensionexpenseareconsolidated
andpresentedintheStatementofNetPositionandtheStatementofActivitiesasfollows:
a. NorthCarolinaLocalGovernmentalEmployees’RetirementSystem
PlanDescription.TheCountyisaparticipatingemployerinthestatewideLocalGovernmentalEmployees’
RetirementSystem(LGERS),acostͲsharingmultipleͲemployerdefinedbenefitpensionplanadministered
bytheStateofNorthCarolina.LGERSmembershipiscomprisedofgeneralemployeesandlocallaw
enforcementofficers(LEOs)ofparticipatinglocalgovernmentalentities.Article3ofN.C.G.S.Chapter128
assignstheauthoritytoestablishandamendbenefitprovisionstotheNorthCarolinaGeneralAssembly.
ManagementoftheplanisvestedintheLGERSBoardofTrustees,whichconsistsof13members–nine
appointedbytheGovernor,oneappointedbythestateSenate,oneappointedbythestateHouseof
Representatives,andtheStateTreasurerandStateSuperintendent,whoserveasexͲofficiomembers.The
LocalGovernmentalEmployees’RetirementSystemisincludedintheAnnualComprehensiveFinancial
ReportfortheStateofNorthCarolina.TheState’sAnnualComprehensiveFinancialReportincludes
financialstatementsandrequiredsupplementaryinformationforLGERS.Thatreportmaybeobtainedby
writingtotheOfficeoftheStateController,1410MailServiceCenter,Raleigh,NorthCarolina27699Ͳ1410,
bycalling(919)981Ͳ5454,oratwww.osc.nc.gov.
BenefitsProvided.LGERSprovidesretirementandsurvivorbenefits.Retirementbenefitsaredetermined
as1.85%ofthemember’saveragefinalcompensationtimesthemember’syearsofcreditableservice.A
member’saveragefinalcompensationiscalculatedastheaverageofamember’sfourhighestconsecutive
yearsofcompensation.Planmembersareeligibletoretirewithfullretirementbenefitsatage65withfive
yearsofcreditableservice,atage60with25yearsofcreditableservice,oratanyagewith30yearsof
creditableservice.Planmembersareeligibletoretirewithpartialretirementbenefitsatage50with20
yearsofcreditableserviceoratage60withfiveyearsofcreditableservice(age55forfirefighters).Survivor
benefitsareavailabletoeligiblebeneficiariesofmemberswhodiewhileinactiveserviceorwithin180days
oftheirlastdayofserviceandwhohaveeithercompleted20yearsofcreditableserviceregardlessofage
(15yearsofcreditableserviceforfirefightersandrescuesquadmemberswhoarekilledinthelineofduty)
orhavecompletedfiveyearsofserviceandhavereachedage60.Eligiblebeneficiariesmayelecttoreceive
amonthlySurvivor’sAlternateBenefitforlifeorareturnofthemember’scontributions.Theplandoesnot
provideforautomaticpostͲretirementbenefitincreases.Increasesarecontingentuponactuarialgainsof
theplan.
LGERSLEOSSARODSPFTotal
Pensionliablilty 69,705,619$27,865,147$ Ͳ$97,570,766$
Pensionasset Ͳ Ͳ1,464,7071,464,707
DeferredoutflowsͲCountycontributionssubsequent
tothemeasurementdate 40,899,8941,101,30182,66842,083,863
DeferredoutflowsͲpensiondeferrals 67,365,0506,692,022214,41974,271,491
DeferredinflowsͲpensiondeferrals 101,767,644520,850101,446102,389,940
Pensionexpense 29,900,8364,214,59279,79334,195,221
58 MECKLENBURG COUNTY, NORTH CAROLINA
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
LGERSplanmemberswhoareLEOsareeligibletoretirewithfullretirementbenefitsatage55withfive
yearsofcreditableserviceasanofficer,oratanyagewith30yearsofcreditableservice.LEOplanmembers
areeligibletoretirewithpartialretirementbenefitsatage50with15yearsofcreditableserviceasan
officer.SurvivorbenefitsareavailabletoeligiblebeneficiariesofLEOmemberswhodiewhileinactive
serviceorwithin180daysoftheirlastdayofserviceandwhoalsohaveeithercompleted20yearsof
creditableserviceregardlessofageorhavecompleted15yearsofserviceasaLEOandhavereachedage
50,orhavecompletedfiveyearsofcreditableserviceasaLEOandhavereachedage55,orhavecompleted
15yearsofcreditableserviceasaLEOifkilledinthelineofduty.Eligiblebeneficiariesmayelecttoreceive
amonthlySurvivor’sAlternateBenefitforlifeorareturnofthemember’scontributions.
Contributions.ContributionprovisionsareestablishedbyGeneralStatute128Ͳ30andmaybeamended
onlybytheNorthCarolinaGeneralAssembly.Countyemployeesarerequiredtocontribute6%oftheir
compensation.EmployercontributionsareactuariallydeterminedandsetannuallybytheLGERSBoardof
Trustees.TheCounty’scontractuallyrequiredcontributionratefortheyearendedJune30,2022,was
12.10%ofcompensationforlawenforcementofficersand11.35%forgeneralemployees,actuarially
determinedasanamountthat,whencombinedwithemployeecontributions,isexpectedtofinancethe
costsofbenefitsearnedbyemployeesduringtheyear.TheCounty’scontributiontoLGERSfortheyear
endedJune30,2022was$40,899,894.
RefundsofContributions–Countyemployeeswhohaveterminatedserviceasacontributingmemberof
LGERS,mayfileanapplicationforarefundoftheircontributions.Bystatelaw,refundstomemberswith
atleastfiveyearsofserviceinclude4%interest.Statelawrequiresa60Ͳdaywaitingperiodafterservice
terminationbeforetherefundmaybepaid.Theacceptanceofarefundpaymentcancelstheindividual’s
righttoemployercontributions,oranyotherbenefitprovidedbyLGERS.
TheLibrary,MedicAgencyandABCBoardalsoparticipateintheNorthCarolinaLocalGovernmental
Employees'RetirementSystemdescribedabove,whichisthesameplaninwhichtheCountyparticipates.
ContributionprovisionsareestablishedbyGeneralStatute128Ͳ30andmaybeamendedonlybytheNorth
CarolinaGeneralAssembly.Library,MedicAgencyandABCBoardemployeesarerequiredtocontribute
6%ofthecompensation.EmployercontributionsareactuariallydeterminedandsetannuallybytheLGERS
BoardofTrustees.
TheLibrary’scontractuallyrequiredcontributionratefortheyearendedJune30,2022,was11.35%.
ContributionstothepensionplanfromtheLibrarywere$2,208,567fortheyearendedJune30,2022.The
MedicAgency’scontractuallyrequiredcontributionratefortheyearendedJune30,2022was11.35%.
Contributionstothepensionplanwere$4,158,161fortheyearendedJune30,2022.TheABCBoard’s
contractuallyrequiredcontributionratefortheyearendedJune30,2022,was12.04%ofcompensationfor
lawenforcementofficersand11.45%forgeneralemployees.Contributionstothepensionplanfromthe
ABCBoardwere$997,751fortheyearendedJune30,2022.ThecontributionsmadebytheLibrary,Medic
AgencyandABCBoardwereactuariallydeterminedasanamountthat,whencombinedwithemployee
contributionsisexpectedtofinancethecostsofbenefitsearnedduringtheyear.
ANNUAL COMPREHENSIVE FINANCIAL REPORT 59
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
PensionLiabilities,PensionExpense,andDeferredOutflowsofResourcesandDeferredInflowsof
ResourcesRelatedtoPensions
AtJune30,2022,theCountyreportedaliabilityof$69,705,619foritsproportionateshareofthenet
pensionliability.ThenetpensionliabilitywasmeasuredasofJune30,2021.Thetotalpensionliability
usedtocalculatethenetpensionliabilitywasdeterminedbyanactuarialvaluationasofDecember31,
2020.ThetotalpensionliabilitywasthenrolledforwardtothemeasurementdateofJune30,2021utilizing
updateproceduresincorporatingtheactuarialassumptions.TheCounty’sproportionofthenetpension
liabilitywasbasedonaprojectionoftheCounty’slongͲtermshareoffuturepayrollcoveredbythepension
plan,relativetotheprojectedfuturepayrollcoveredbythepensionplanofallparticipatingLGERS
employers,actuariallydetermined.AtJune30,2022,theCounty’sproportionwas4.54%(measuredasof
June30,2021),whichwasadecreaseof0.105%fromitsproportionmeasuredasofJune30,2021
(measuredasofJune30,2020).
FortheyearendedJune30,2022,theCountyrecognizedpensionexpenseof$29,900,836.AtJune30,
2022,theCountyreporteddeferredoutflowsofresourcesanddeferredinflowsofresourcesrelatedto
pensionsfromthefollowingsources:
$40,899,893reportedasdeferredoutflowsofresourcesrelatedtopensionsresultingfromCounty
contributionssubsequenttothemeasurementdatewillberecognizedasadecreaseofthenetpension
liabilityintheyearendedJune30,2023.Otheramountsreportedasdeferredinflowsandoutflowsof
resourcesrelatedtopensionswillberecognizedinpensionexpenseasfollows:
Deferred
Outflowsof
Resources
Deferred
Inflowsof
Resources
Differencesbetweenexpectedandactualexperience 22,175,862$ Ͳ$
Changesofassumptions 43,792,933 Ͳ
Netdifferencebetweenprojectedandactualearningson
pensionplaninvestments Ͳ 99,588,390
ChangesinproportionanddifferencesbetweenCounty
contributionsandproportionateshareofcontribution 1,396,2552,179,254
Countycontributionssubsequenttothemeasurementdate 40,899,894 Ͳ
Total 108,264,944$101,767,644$
YearEndingJune30,
2023 6,396,330$ 
2024 (2,108,157)
2025 (8,216,114)
2026 (30,474,652)
(34,402,593)$ 
60 MECKLENBURG COUNTY, NORTH CAROLINA
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
ActuarialAssumptions.ThetotalpensionliabilityintheDecember31,2020actuarialvaluationwas
determinedusingthefollowingactuarialassumptions,appliedtoallperiodsincludedinthe
measurement:
TheplanactuarycurrentlyusesmortalityratesbasedontheRPͲ2014TotalDataSetforHealthyAnnuitants
MortalityTablethatvarybyage,gender,employeegroup(i.e.general,lawenforcementofficer)andhealth
status(i.e.disabledandhealthy).Thecurrentmortalityratesarebasedonpublishedtablesandbasedon
studiesthatcoversignificantportionsoftheU.S.population.Thehealthymortalityratesalsocontaina
provisiontoreflectfuturemortalityimprovements.
TheactuarialassumptionsusedintheDecember31,2020valuationwerebasedontheresultsofan
actuarialexperiencestudyasofDecember31,2019.
FutureadhocCOLAamountsarenotconsideredtobesubstantivelyautomaticandarethereforenot
includedinthemeasurement.
TheprojectedlongͲterminvestmentreturnandinflationassumptionsaredevelopedthroughreviewof
currentandhistoricalcapitalmarketsdata,sellͲsideinvestmentresearch,consultantwhitepapers,and
historicalperformanceofinvestmentstrategies.Fixedincomereturnprojectionsreflectcurrentyields
acrosstheU.S.Treasuryyieldcurveandmarketexpectationsofforwardyieldsprojectedandinterpolated
formultipletenorsandovermultipleyearhorizons.Globalpublicequityreturnprojectionsareestablished
throughanalysisoftheequityriskpremiumandthefixedincomereturnprojections.
Otherassetcategoriesandstrategies’returnprojectionsreflecttheforegoingandhistoricaldataanalysis.
TheseprojectionsarecombinedtoproducethelongͲtermexpectedrateofreturnbyweightingthe
expectedfuturerealratesofreturnbythetargetassetallocationpercentageandbyaddingexpected
inflation.Thetargetallocationandbestestimatesofarithmeticrealratesofreturnforeachmajorasset
classasofJune30,2022aresummarizedinthefollowingtable:
Inflation 2.50percent
Salaryincreases 3.25percentto8.25percent,includinginflationandproductivityfactor
Investmentrateofreturn6.50percent,netofpensionplaninvestmentexpense,including
inflation
AssetClass
FixedIncome 29.0%1.4%
GlobalEquity 42.05.3
RealEstate 8.04.3
Alternatives 8.08.9
Credit 7.06.0
InflationProtection 6.04.0
Total 100.0%
LongͲTerm
Expected
RealRateof
Return
Target
Allocation
ANNUAL COMPREHENSIVE FINANCIAL REPORT 61
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
Theinformationaboveisbasedon30Ͳyearexpectationsdevelopedwiththeconsultingactuaryforthe2018
asset,liability,andinvestmentpolicystudyfortheNorthCarolinaRetirementSystems,includingLGERS.
ThelongͲtermnominalratesofreturnunderlyingtherealratesofreturnarearithmeticannualizedfigures.
TherealratesofreturnarecalculatedfromnominalratesbymultiplicativelysubtractingalongͲterm
inflationassumptionof3.05%.Allratesofreturnandinflationareannualized.
Discountrate.Thediscountrateusedtomeasurethetotalpensionliabilitywas6.50%.Theprojectionof
cashflowsusedtodeterminethediscountrateassumedthatcontributionsfromplanmemberswillbe
madeatthecurrentcontributionrateandthatcontributionsfromemployerswillbemadeatstatutorily
requiredrates,actuariallydetermined.Basedontheseassumptions,thepensionplan’sfiduciarynet
positionwasprojectedtobeavailabletomakeallprojectedfuturebenefitpaymentsofthecurrentplan
members.Therefore,thelongͲtermexpectedrateofreturnonpensionplaninvestmentswasappliedto
allperiodsofprojectedbenefitpaymentstodeterminethetotalpensionliability.
SensitivityoftheCounty’sproportionateshareofthenetpensionliabilitytochangesinthediscountrate.
ThefollowingpresentstheCounty’sproportionateshareofthenetpensionliabilitycalculatedusingthe
discountrateof6.50percent,aswellaswhattheCounty’sproportionateshareofthenetpensionassetor
netpensionliabilitywouldbeifitwerecalculatedusingadiscountratethatis1ͲpercentageͲpointlower
(5.50percent)or1ͲpercentageͲpointhigher(7.50percent)thanthecurrentrate:
Pensionplanfiduciarynetposition.Detailedinformationaboutthepensionplan’sfiduciarynetpositionis
availableintheseparatelyissuedAnnualComprehensiveFinancialReportfortheStateofNorthCarolina.
TheLibrary,MedicAgencyandABCBoard’spensioninformationissummarizedasfollows:
1%Decrease
(5.50%)
DiscountRate
(6.50%)
1%Increase
(7.50%)
County'sproportionateshareofthenet
pensionliability(asset)
270,591,409$69,705,619$(95,611,714)$
Library
Medic
AgencyABCBoard
Pensionexpense 1,912,878$2,514,287$744,900$
DeferredoutflowsofresourcesͲ
contributionssubsequenttothe
measurementdate 2,208,5674,158,161997,751
DeferredoutflowsofresourcesͲother 4,240,6678,124,2561,948,672
Deferredinflowsofresources 5,916,62214,691,2832,339,163
Pensionliability 4,106,0508,584,4571,637,267
62 MECKLENBURG COUNTY, NORTH CAROLINA
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
b. LawEnforcementOfficers’SpecialSeparationAllowance
PlanDescription.
TheCountyadministersapublicemployeeretirementsystem(theSeparationAllowance),asingleͲ
employerdefinedbenefitpensionplanthatprovidesretirementbenefitstotheCounty’squalifiedsworn
lawenforcementofficersundertheageof62whohavecompletedatleast30yearsofcreditableserviceor
haveattained55yearsofageandhavecompletedfiveormoreyearsofcreditableservice.TheSeparation
Allowanceisequalto0.85percentoftheannualequivalentofthebaserateofcompensationmostrecently
applicabletotheofficerforeachyearofcreditableservice.Theretirementbenefitsarenotsubjecttoany
increasesinsalaryorretirementallowancesthatmaybeauthorizedbytheGeneralAssembly.Article12D
ofG.S.Chapter143assignstheauthoritytoestablishandamendbenefitprovisionstotheNorthCarolina
GeneralAssembly.
AllfullͲtimeCountylawenforcementofficersarecoveredbytheSeparationAllowance;however,benefit
eligibilityisbasedonqualifiedandcreditableserviceforunreducedretirementbenefits.AttheDecember
31,2020valuationdate,theSeparationAllowance’smembershipconsistedof:
SummaryofSignificantAccountingPolicies:
BasisofAccounting.TheCountyhaschosentofundtheSeparationAllowanceonapayͲasͲyouͲgobasis.
PensionexpendituresaremadefromtheGeneralFund,whichismaintainedonamodifiedaccrualbasisof
accounting.Benefitsarerecognizedwhendueandpayableinaccordancewiththetermsoftheplan.
ActuarialAssumptions
TheentryagenormalactuarialcostmethodwasusedintheDecember31,2020valuation.Thetotal
pensionliabilitywasdeterminedusingthefollowingactuarialassumptions,appliedtoallperiodsincluded
inthemeasurement:
ThediscountrateisbasedontheS&PMunicipalBond20YearHighGradeRateIndex.
AllmortalityratesusePubͲ2010amountͲweightedtables.Allmortalityratesareprojectedfrom2010using
generationalimprovementwithScaleMPͲ2019.
County
Retirees 73
Activeplanmembers 293
Total 366
Inflation 2.50%
Salaryincreases 3.25to7.75%,includinginflationandproductivityfactor
Discountrate 2.25%
ANNUAL COMPREHENSIVE FINANCIAL REPORT 63
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
TheactuarialassumptionsusedinDecember31,2020valuationwerebasedontheresultsofanexperience
studycompletedbytheActuaryfortheLocalGovernmentEmployees’RetirementSystemforthefiveͲyear
periodendingDecember31,2019.
Contributions
TheCountyisrequiredbyArticle12DofN.C.G.S.143toprovidetheseretirementbenefitsandhaschosen
tofundtheamountsnecessarytocoverthebenefitsearnedonapayͲasͲyouͲgobasisthrough
appropriationsmadeintheGeneralFundoperatingbudget.Therewerenocontributionsmadeby
employees.TheCounty’sobligationtocontributetothisplanisestablishedandmaybeamendedbythe
NorthCarolinaGeneralAssembly.TheCountypaid$1,971,476asbenefitscamedueforthereporting
period.
PensionLiabilities,PensionExpense,andDeferredOutflowsofResourcesandDeferredInflowsof
ResourcesRelatedtoPensions
AtJune30,2022,theCountyreportedatotalpensionliabilityof$27,865,147.Thetotalpensionliability
wasmeasuredasofDecember31,2021basedonaDecember31,2020actuarialvaluation.Thetotal
pensionliabilitywasrolledforwardtoDecember31,2021utilizingupdateproceduresincorporatingthe
actuarialassumptions.FortheyearendedJune30,2022,theCountyrecognizedpensionexpenseof
$4,214,592.
$1,101,301reportedasdeferredoutflowsofresourcesrelatedtopensionsresultingfrombenefitpayments
madeandadministrativeexpensesincurredsubsequenttothemeasurementdatewillberecognizedasa
decreaseofthetotalpensionliabilityintheyearendedJune30,2023.Otheramountsreportedasdeferred
inflowsandoutflowsofresourcesrelatedtopensionswillberecognizedinpensionexpenseasfollows:
Deferred
Outflowsof
Resources
Deferred
Inflowsof
Resources
Differencesbetweenexpectedandactualexperience 2,549,592$ Ͳ$ 
Changesofassumptionsandotherinputs 4,142,430520,850
Benefitpaymentsandadministrativeexpensessubsequent
tothemeasurementdate 1,101,301Ͳ
Total 7,793,323$520,850$ 
YearEndingJune30,
2023 2,523,985$
2024 2,233,767
2025 1,435,756
2026 (22,336)
6,171,172$
64 MECKLENBURG COUNTY, NORTH CAROLINA
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
SensitivityoftheCounty’stotalpensionliabilitytochangesinthediscountrate.Thefollowingpresentsthe
County’stotalpensionliabilitycalculatedusingthediscountrateof2.25percent,aswellaswhatthe
County’stotalpensionliabilitywouldbeifitwerecalculatedusingadiscountratethatis1ͲpercentageͲ
pointlower(1.25percent)or1ͲpercentageͲpointhigher(3.25percent)thanthecurrentrate:
ChangesofAssumptions.Changesofassumptionsandotherinputsreflectachangeinthediscountrate
from1.93%atJune30,2021to2.25%atJune30,2022.
ChangesinBenefitTerms.Reportedcompensationadjustedtoreflecttheassumedrateofpayasofthe
valuationdate.
Theplancurrentlyusesmortalitytablesthatvarybyage,andhealthstatus(i.e.disabledandhealthy).The
currentmortalityratesarebasedonpublishedtablesandbasedonstudiesthatcoversignificantportions
oftheU.S.population.Thehealthymortalityratesalsocontainaprovisiontoreflectfuturemortality
improvements.
December31,2020istheactuarialvaluationdateuponwhichtheTotalPensionLiability(TPL)isbased.The
resultwasrolledforwardusingstandardactuarialtechniquestotheMeasurementDate.Therollforward
calculationaddstheannualnormalcost(alsocalledtheservicecost),subtractstheactualbenefitpayments
fortheplanyearandthenappliesinterestfortheyear.
1%
Decrease
(1.25%)
Discount
Rate
(2.25%)
1%Increase
(3.25%)
Totalpensionliability 29,654,131$27,865,147$26,197,871$
2022
BeginningBalance 28,407,483$
ServiceCost 931,849
Interest 530,334
Differencesbetweenexpectedandactualexperience 412,606
Changesofassumptionsorotherinputs (559,030)
Benefitpayments (1,858,095)
Netpensionobligationendofyear 27,865,147$
ScheduleofChangesinTotalPensionLiability
LawEnforcementOfficers'SpecialSeparationAllowance
ANNUAL COMPREHENSIVE FINANCIAL REPORT 65
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
TheprocedureusedtodeterminetheTPLasofDecember31,2021isshowninthefollowingtable:
c. SupplementalRetirementIncomePlan
PlanDescription.TheCountyandABCBoardcontributetotheSupplementalRetirementIncomePlan
(Plan),adefinedcontributionpensionplanadministeredbytheDepartmentofStateTreasurerandaBoard
ofTrustees.ThePlanprovidesretirementbenefitstolawenforcementofficersemployedbytheCounty
andABCBoardandtononͲlawenforcementfulltimeemployeesoftheABCBoard.Article5ofN.C.G.S.
Chapter135assignstheauthoritytoestablishandamendbenefitprovisionstotheNorthCarolinaGeneral
Assembly.TheSupplementalRetirementIncomePlanforLawEnforcementOfficersisincludedinthe
AnnualComprehensiveFinancialReportfortheStateofNorthCarolina.TheState’sAnnualComprehensive
FinancialReportincludesthepensiontrustfundfinancialstatementsfortheInternalRevenueCodeSection
401(k)planthatincludestheSupplementalRetirementIncomePlanforLawEnforcementOfficers.That
reportmaybeobtainedbywritingtotheOfficeoftheStateController,1410MailServiceCenter,Raleigh,
NorthCarolina27699Ͳ1410,orbycalling(919)981Ͳ5454.
FundingPolicy.Article12EofN.C.G.S.Chapter143requirestheCountyandABCBoardtocontributeeach
monthanamountequalto5%ofeachofficer’ssalary,andallamountscontributedarevestedimmediately.
Inaddition,theABCBoardvoluntarilycontributed3%ofeachofficer’ssalarywithanadditional1%match
foremployeeparticipationin2022and2021.Also,lawenforcementofficersmaymakevoluntary
contributionstotheplan.ForCountyofficers,allcontributionswereprovidedbytheCountyandthetotal
amountfortheyearendedJune30,2022was$1,060,829comparedto$1,121,811fortheyearendedJune
30,2021.ContributionsfortheABCBoardfortheyearsendedJune30,2022and2021,were$211,524and
$199,105respectively,whichconsistedof$104,841for2022and$100,511for2021fromtheABCBoard
and$106,683for2022and$98,594for2021fromthelawenforcementofficers’voluntarycontributions.
FornonͲlawenforcementfullͲtimeemployees,theABCBoardvoluntarilycontributeseachmonthan
amountequalto5%witha1%matchforemployeeparticipationin2022and2021ofeachemployee’s
salary,respectively.NonͲlawenforcementemployees,also,maymakevoluntarycontributionstotheplan.
(1)(2)(3)
TPLRollForward
DevelopmentofTPL
forYearEnding
2020
DevelopmentofTPLfor
YearEnding2021Prior
toAssumptionChange
DevelopmentofTPLfor
YearEnding2021After
AssumptionChange
(a) Interestrate 1.93% 1.93% 2.25%
(b) Valuationdateformeasurement December31,2019 December31,2020 December31,2020
(c) TPLasofDecember31,2019 28,407,483$ 28,812,277$ 28,228,998$ 
(d) EntryAgeNormalCostforthe 931,849931,849879,995
periodJanuary1,2020Ͳ
December31,2020attheend
oftheyear
(e) Actualbenefitpaymentsfor1,858,0951,858,0951,858,095
theperiodJanuary1,2020Ͳ
December31,2020
(f) TPLasofDecember31,202028,011,57128,424,17727,865,147
=[c*(1+a)]+dͲ[e*(1+a*.5)]
(g) Experienceactuarial Ͳ412,606 Ͳ
(gain)/loss
(h) Discountratechange Ͳ Ͳ(559,030)
(gain)/loss
66 MECKLENBURG COUNTY, NORTH CAROLINA
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
TotalcontributionsfortheyearsendedJune30,2022and2021were$777,116and$700,694,respectively,
whichconsistedof$436,080for2022and$394,295for2021fromtheABCBoardand$341,036for2022
and$306,400for2021fromthenonͲlawenforcementemployee’svoluntarycontributions.
d. RegisterofDeeds’SupplementalPensionFund
PlanDescription.TheCountyalsocontributestotheRegistersofDeeds'SupplementalPensionFund
(RODSPF),anoncontributory,definedbenefitplanadministeredbytheNorthCarolinaDepartmentofState
Treasurer.RODSPFprovidessupplementalpensionbenefitstoanyeligiblecountyregisterofdeedswhois
retiredundertheLocalGovernmentEmployees'RetirementSystem(LGERS)oranequivalentlocally
sponsoredplan.Article3ofN.C.G.S.Chapter161assignstheauthoritytoestablishandamendbenefit
provisionstotheNorthCarolinaGeneralAssembly.ManagementoftheplanisvestedintheLGERSBoard
ofTrustees,whichconsistsof13members–nineappointedbytheGovernor,oneappointedbythestate
Senate,oneappointedbythestateHouseofRepresentatives,andtheStateTreasurerandState
Superintendent,whoserveasexͲofficiomembers.TheRegistersofDeeds’SupplementalPensionFundis
includedintheAnnualComprehensiveFinancialReportfortheStateofNorthCarolina.TheState’sAnnual
ComprehensiveFinancialReportincludesfinancialstatementsandrequiredsupplementaryinformationfor
theRegistersofDeeds’SupplementalPensionFund.ThatreportmaybeobtainedbywritingtotheOffice
oftheStateController,1410MailServiceCenter,Raleigh,NorthCarolina27699Ͳ1410,bycalling(919)981Ͳ
5454,oratwww.osc.nc.gov.
BenefitsProvided.Anindividual’sbenefitsfortheyeararecalculatedasashareofaccumulated
contributionsavailableforbenefitsforthatyear,subjecttocertainstatutorylimits.Anindividual’seligibility
isbasedonatleast10yearsofserviceasaregisterofdeedswiththeindividual’sshareincreasingwith
yearsofservice.Becauseofthestatutorylimitsnotedabove,notallcontributionsavailableforbenefits
aredistributed.
Contributions.Benefitsandadministrativeexpensesarefundedbyinvestmentincomeand1.5%ofthe
receiptscollectedbyeachCountyCommissionunderArticle1ofChapter161oftheNorthCarolinaGeneral
Statutes.Thestatutorycontributioncurrentlyhasnorelationshiptotheactuary’srequiredcontribution.
Theactuariallydeterminedcontributionthisyearandfortheforeseeablefutureiszero.RegistersofDeeds
donotcontribute.ContributionprovisionsareestablishedbyGeneralStatute161Ͳ50andmaybeamended
onlybytheNorthCarolinaGeneralAssembly.ContributionstothepensionplanfromtheCountywere
$82,668fortheyearendedJune30,2022.
PensionLiabilities,PensionExpense,andDeferredOutflowsofResourcesandDeferredInflowsof
ResourcesRelatedtoPensions
AtJune30,2022,theCountyreportedanassetof$1,464,707foritsproportionateshareofthenetpension
asset.ThenetpensionassetwasmeasuredasofJune30,2021.Thetotalpensionliabilityusedtocalculate
thenetpensionassetwasdeterminedbyanactuarialvaluationasofDecember31,2020.Thetotalpension
liabilitywasthenrolledforwardtothemeasurementdateofJune30,2021utilizingupdateprocedures
incorporatingtheactuarialassumptions.TheCounty’sproportionofthenetpensionassetwasbasedon
theCounty’sshareofcontributionstothepensionplan,relativetocontributionstothepensionplanofall
participatingRODSPFemployers.AtJune30,2022(measuredasofJune30,2021),theCounty’sproportion
was7.62%,whichwasadecreaseof0.32%fromitsproportionatJune30,2021(measuredasofJune30,
2020).
ANNUAL COMPREHENSIVE FINANCIAL REPORT 67
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
FortheyearendedJune30,2022,theCountyrecognizedpensionexpenseof$79,793.AtJune30,2022,
theCountyreporteddeferredoutflowsofresourcesanddeferredinflowsofresourcesrelatedtopensions
fromthefollowingsources:
$82,668reportedasdeferredoutflowsofresourcesrelatedtopensionsresultingfromCountycontributions
subsequenttothemeasurementdatewillberecognizedasanincreaseofthenetpensionassetintheyear
endedJune30,2023.Otheramountsreportedasdeferredinflowsandoutflowsofresourcesrelatedto
pensionswillberecognizedinpensionexpenseasfollows:
ActuarialAssumptions.ThetotalpensionliabilityintheDecember31,2020actuarialvaluationwas
determinedusingthefollowingactuarialassumptions,appliedtoallperiodsincludedinthemeasurement:
Theplancurrentlyusesmortalitytablesthatvarybyage,gender,employeegroup(i.e.general,law
enforcementofficer)andhealthstatus(i.e.disabledandhealthy).Thecurrentmortalityratesarebasedon
publishedtablesandbasedonstudiesthatcoversignificantportionsoftheU.S.population.Thehealthy
mortalityratesalsocontainaprovisiontoreflectfuturemortalityimprovements.Theactuarialassumptions
usedintheDecember31,2020valuationwerebasedontheresultsofanactuarialexperiencestudyasof
December31,2019.
FutureadhocCOLAamountsarenotconsideredtobesubstantivelyautomaticandarethereforenot
includedinthemeasurement.
Deferred
Outflowsof
Resources
Deferred
Inflowsof
Resources
Differencesbetweenexpectedandactualexperience 15,628$ 17,763$ 
Changeofassumptions 106,806 Ͳ
Netdifferencebetweenprojectedandactualearningson
pensionplaninvestments Ͳ4,498
ChangesinproportionanddifferencesbetweenCounty
contributionsandproportionateshareofcontributions 91,98579,185
Countycontributionssubsequenttothemeasurementdate 82,668Ͳ
Total 297,087$ 101,446$ 
YearEndingJune30,
2023 32,600$
2024 49,650
2025 (3,431)
2026 34,154
112,973
Inflation 2.50percent
3.25to8.25percent,includinginflationandproductivity
factor
Investmentrateof3.00percent,netofpensionplaninvestmentexpense,
return includinginflation
Salaryincreases
68 MECKLENBURG COUNTY, NORTH CAROLINA
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
TheprojectedlongͲterminvestmentreturnandinflationassumptionsaredevelopedthroughreviewof
currentandhistoricalcapitalmarketsdata,sellͲsideinvestmentresearch,consultantwhitepapers,and
historicalperformanceofinvestmentstrategies.Fixedincomereturnprojectionsreflectcurrentyields
acrosstheU.S.Treasuryyieldcurveandmarketexpectationsofforwardyieldsprojectedandinterpolated
formultipletenorsandovermultipleyearhorizons.TheseprojectionsarecombinedtoproducethelongͲ
termexpectedrateofreturnbyweightingtheexpectedfuturerealratesofreturnbythetargetasset
allocationpercentageandbyaddingexpectedinflation.TheadoptedassetallocationpolicyfortheRODSPF
is100%inthefixedincomeassetclass.Thebestestimateofarithmeticrealrateofreturnforthefixed
incomeassetclassasofJune30,2022is1.4%.
Theinformationaboveisbasedon30Ͳyearexpectationsdevelopedwiththeconsultingactuaryforthe2022
assetliabilityandinvestmentpolicystudyfortheNorthCarolinaRetirementSystems,includingLGERS.The
longͲtermnominalratesofreturnunderlyingtherealratesofreturnarearithmeticannualizedfigures.The
realratesofreturnarecalculatedfromnominalratesbymultiplicativelysubtractingalongͲterminflation
assumptionof3.00%.Allratesofreturnandinflationareannualized.
Discountrate.Thediscountrateusedtomeasurethetotalpensionliabilitywas3.00%.Theprojectionof
cashflowsusedtodeterminethediscountrateassumedthatcontributionsfromemployerswillbemade
atstatutorilyrequiredrates.Basedontheseassumptions,thepensionplan’sfiduciarynetpositionwas
projectedtobeavailabletomakeallprojectedfuturebenefitpaymentsofthecurrentplanmembers.
Therefore,thelongͲtermexpectedrateofreturnonpensionplaninvestmentswasappliedtoallperiodsof
projectedbenefitpaymentstodeterminethetotalpensionliability.
SensitivityoftheCounty’sproportionateshareofthenetpensionassettochangesinthediscountrate.The
followingpresentstheCounty’sproportionateshareofthenetpensionassetcalculatedusingthediscount
rateof3.00percent,aswellaswhattheCounty’sproportionateshareofthenetpensionassetwouldbeif
itwerecalculatedusingadiscountratethatis1ͲpercentageͲpointlower(2.00percent)or1ͲpercentageͲ
pointhigher(4.00percent)thanthecurrentrate:
Pensionplanfiduciarynetposition.Detailedinformationaboutthepensionplan’sfiduciarynetpositionisavailable
intheseparatelyissuedAnnualComprehensiveFinancialReportfortheStateofNorthCarolina.
1%Decrease
(2.00%)
DiscountRate
(3.00%)
1%Increase
(4.00%)
County's proportionateshareofthenet
pensionliability(asset)
(1,163,425)$(1,464,707)$(1,717,884)$
ANNUAL COMPREHENSIVE FINANCIAL REPORT 69
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
11. SupplementalRetirementPlans
TheCounty,LibraryandMedicAgencyoffertheiremployeesadeferredcompensationplancreatedin
accordancewithInternalRevenueCodeSection457anda401(k)supplementalretirementincomeplanthrough
theStateofNorthCarolinathatisalsoincompliancewiththeInternalRevenueCode.Allregular,fullͲtimeand
partͲtimeemployeesareeligibletoparticipateinoneorbothplans.
Thedeferredcompensationplanpermitsparticipantstodeferaportionoftheirsalariestofutureyears.The
deferredcompensationisnotavailabletoemployeesuntiltermination,retirement,deathorunforeseeable
emergency.TheCounty,LibraryandMedicAgencyhavecompliedwithchangesinthelawswhichgovern
deferredcompensationplans,requiringallassetsoftheplantobeheldintrustfortheexclusivebenefitofthe
participantsandtheirbeneficiaries.The401(k)supplementalretirementincomeplanallowseligible
participantstocontributeuptothemaximumallowableunderthelawasapercentageofbasesalary.
Infiscalyears2022and2021theCounty,Library,andMedicmatched100%ofthefirst5%,ofeachparticipant’s
totalannualcontribution.TotalcontributionstotheplanbytheCountywere$13,354,727and$12,006,388,
respectively,foryearsendedJune30,2022and2021.TheLibrarytotalcontributionswere$622,641and
$606,069,respectively,foryearsendedJune30,2022and2021.ContributionsbytheMedicAgencyforJune
30,2022and2021were$1,287,694and$1,133,508,respectively.
12. PostemploymentHealthcareBenefitPlans
PlanDescription
PlanAdministration.UnderthetermsofaCountyresolution,theCountyadministersasingleͲemployerdefined
benefitplan(Plan)thatisusedtoprovidepostemploymenthealthcarebenefitsforallretireesoftheCounty
whoparticipateintheNorthCarolinaLocalGovernmentalEmployees’RetirementSystem(System)andhaveat
leasttenyearsofcreditableservice.EmployeesmusthavebeeninitiallyemployedwiththeCountyonorbefore
July1,2010tobeeligibleforthisbenefit.ThePlanisavailabletoqualifiedretireesuntilthedeathoftheretiree.
Followingtheretiree’sdeath,theretiree’sspouseordomesticpartnercancontinuethecoverageuntiltheage
of65oruntilMedicareeligible,whicheverissooner.AsofJuly1,2010,thePlanisclosedtonewentrants.The
PlanhasaJune30,2022yearͲendanddoesnotissueastandͲalonereport.AsofJanuary1,2022,theactuarial
valuationdate,membershipwasasfollows:
BenefitsProvidedpreͲ65.ThePlanpaysthefullcostsofmedicalinsurancepremiumsforemployeesunderthe
ageof65retiringwithtwentyormoreyearsofcreditableservicewiththeCounty.Employeesundertheageof
65retiringwith10through19yearsofcreditableservicewiththeCountyreceive50%ofthecostsoftheir
medicalinsurancepremium.Retireescanpurchasemedicalinsurancecoveragefortheirdependentsatthe
County’sgrouprate.
BenefitsProvidedpostͲ65.MedicareeligibleretireesanddependentsmayparticipateintheCounty’sMedicare
SupplementalMedicalPlan.Theplanpaysthefullcostofthepremiumsforretireeswithtwentyormoreyears
ofcreditableserviceand50%ofthecostsofpremiumsforthosewith10Ͳ19yearsofcreditableservice.Retirees
2022
Inactiveplanmembersorbeneficiariescurrentlyreceivingbenefitpayments 1,845
Activeplanmembers 1,683
Total 3,528
70 MECKLENBURG COUNTY, NORTH CAROLINA
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
areresponsibleforpayingthefullpremiumforeligibledependents.IftheMedicareeligibleretireeoptsoutof
theCounty’sMedicaresupplementalmedicalplan,thePlanwillreimbursetheretireeuptothesameamount
theCountywouldhavecontributedtowardstheirindividualpremiumsiftheyhadbeenintheCounty’splan.
Contributions.ContributionstobepaidbyPlanmembersareestablishedbytheBoardofCounty
Commissioners,whichalsohastheauthoritytoamendtheprogram.Ratesareestablishedbasedonanactuarily
determinedrate.For2022,retireeannualcontributionratesare:
TheCountycontributestothePlanonapayͲasͲyouͲgobasiswithanadditionalamounttoprefundbenefitsas
determinedannuallybytheBoardofCommissioners.Postemploymentbenefitcontributionsandexpensesare
recordedintheEmployeeBenefitsInternalServiceFund.Amountssetasidetoprefundbenefitsarerecorded
inthePostͲEmploymentHealthcareBenefitTrustFund.TheCountycontributed$25,940,925totheEmployee
BenefitsFundand$8,000,000tothePostͲEmploymentHealthcareBenefitTrustFundforfiscalyear2022.
Investments
Investmentpolicy.ThePlan’spolicyregardingtheallocationofinvestedassetscanbeestablishedandmaybe
amendedbytheBoardofCommissionersbyamajorityvoteofitsmembers.AsofJune30,2022,theBoardof
Commissionershasnotestablishedaninvestmentpolicy.
TheCountymakescashcontributionstotheTrustthroughouttheyear.TheContributionsaredepositedwith
theStateTreasurerforinvestmentpursuanttoGeneralStatute147Ͳ69.2.TheTrusteeisresponsiblefor
maintainingrecordsandaccountsfortheassetsoftheTrust.
Thetargetassetallocationforeachmajorclass,asprovidedbythePlanissummarizedinthefollowingtable:
Rateofreturn.FortheyearendedJune30,2022,theannualmoneyweightedrateofreturnoninvestments,
netofinvestmentexpense,wasͲ16.50%.ThemoneyͲweightrateofreturnexpressesinvestmentperformance,
netofinvestmentexpense,adjustedforthechangingamountsactuallyinvested.
PreͲMedicare
PPO
PreͲMedicare
HSAMedicareEligible
20ormoreyearsofservice:
Retiree Ͳ$Ͳ$ Ͳ$
Spouse 4,2902,9715,035Ͳ5,805
10to19yearsofservice:
Retiree 4,8184,6623,676
Spouse 4,7863,4005,672Ͳ6,442
TargetAllocation
ExpectedReal
RateofReturn
AssetClass 2022 2022
EquityIndex 65.0% 3.15%
BondIndex 10.0%Ͳ0.05%
ShortTermInvestmentFund 25.0%Ͳ0.38%
100.0%
ANNUAL COMPREHENSIVE FINANCIAL REPORT 71
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
NetOPEBLiabilityoftheCounty
ThecomponentsofthenetOPEBliabilityoftheCountyasofJune30,2022,wereasfollows:
Actuarialassumptions.ThetotalOPEBliabilitywasdeterminedbyanactuarialvaluationasofJanuary1,2022,
usingthefollowingactuarialassumptions,appliedtoallperiodsincludedinthemeasurement,unlessotherwise
specified:
ThetotalOPEBliabilitywasrolledforwardtoJune30,2022,utilizingupdateproceduresincorporatingthe
actuarialassumptions.
ThelongͲtermexpectedrateofreturnonOPEBplaninvestmentswasdeterminedusingabuildingͲblockmethod
inwhichbestͲestimaterangesofexpectedfuturerealratesofreturn(expectedreturns,netofOPEBplan
investmentexpenseandinflation)aredevelopedforeachmajorassetclass.Theserangesarecombinedto
producethelongͲtermexpectedrateofreturnbyweightingtheexpectedfuturerealratesofreturnbythe
targetassetallocationpercentageandbyaddingexpectedinflation.Bestestimatesofgeometricrealratesof
returnforeachmajorassetclassincludedinthetargetassetallocationasofJune30arepresentedabove.
TotalOPEBLiability 639,825,123$
PlanFiduciaryNetPosition 194,219,643
NetOPEBLiability 445,605,480$
Planfiduciarynetpositionasa
percentageofthetotalOPEBliability 30.36%
Inflation 2.50%
Salaryincreases,inlcudingwageinflation
Generalemployees3.25to8.41%
Firefighters 3.75to9.00%
LawEnforcementOfficers3.25to7.9%
Healthcarecosttrendrates:
PreͲMedicare 7.00%for2022,decreasingtoa
rateof4.50%by2032andbeyond
Medicare 5.125%for2022,decreasingtoa
rateof4.50%by2025andbeyond
Mortalityrates:
Employees&HealthyAnnuitants PUBͲ2010AmountsͲWeightedGeneralEmployeesand
HealthyAnnuitantsMortalityTablewithGenerational
ImprovementsbyScaleMP2019
DisabledMembers PUBͲ2010AmountsͲWeightedGeneralEmployees
DisabledRetirementMortalityTablewithGenerational
ImprovementsbyScaleMP2019
SurvivorBeneficiaries PUBͲ2010AmountsͲWeightedGeneralEmployees
SurvivorBeneficiaryMortalityTablewith
GenerationalImprovementsbyScaleMP2019
72 MECKLENBURG COUNTY, NORTH CAROLINA
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
Discountrate.ThediscountrateusedtomeasurethetotalOPEBliabilityatJune30,2022was4.75%which
wasachangefromthediscountrateof4.68%atJune30,2021.However,becausetheOPEBplan’sfiduciary
netpositionwasnotprojectedtobesufficienttomakeallfuturebenefitpayments,thediscountrate
incorporatesamunicipalbondratewhichwas3.54%asofJune30,2022pertheBondBuyerGeneralObligation
20yearͲBondMunicipalBondIndex.AsofJune30,2021,theBondBuyerGeneralObligation20yearͲBond
MunicipalBondIndexwas2.16%.
SensitivityofthenetOPEBliabilitytochangesinthediscountrate.AsofJune30,2022thefollowingpresents
thenetOPEBliabilityoftheCounty,aswellaswhattheCounty’snetOPEBliabilitywouldbeifitwerecalculated
usingadiscountratethatis1ͲpercentageͲpointlower(3.75percent)or1ͲpercentageͲpointhigher(5.75
percent)thanthecurrentdiscountrate:
SensitivityofthenetOPEBliabilitytochangesinthehealthcarecosttrendrates.Thefollowingpresentsthenet
OPEBliabilityoftheCountyatJune30,2022,aswellaswhattheCounty’snetOPEBliabilitywouldbeifitwere
tocalculatehealthcarecosttrendratesforemployeesthatarepreͲ65andpostͲ65.Thistablepresentsthe
trendratesthatare1ͲpercentageͲpointloweror1ͲpercentageͲpointhigherthanthecurrenthealthcarecost
trendrate:
ChangesinNetOPEBLiability,OPEBExpenseandDeferredOutflowsofResourcesandDeferredInflowsof
ResourcesRelatedtoOPEB.AtJune30,2022,theCountyreportedanetOPEBliabilityof$445,605,480.The
totalOPEBliabilityusedtocalculatethenetOPEBliabilitywasdeterminedbyanactuarialvaluationasofJanuary
1,2022.ThetotalpensionliabilitywasthenrolledforwardtothemeasurementdateofJune30,2022,utilizing
updateproceduresincorporatingtheactuarialassumptions.
1%Decrease
(3.75%)
DiscountRate
(4.75%)
1%Increase
(5.75%)
NetOPEBliability 552,868,933$445,605,480$360,177,709$
1%Decrease
(6.00%/4.125%
decreasingto
3.50%/3.50%)
HealthcareCost
TrendRate
(7.00%/5.125%
decreasingto
4.50%/4.50%)
1%Increase
(8.00%/6.125%
decreasingto
5.50%/5.50%)
NetOPEBliability 353,111,596$445,605,480$562,512,421$
ANNUAL COMPREHENSIVE FINANCIAL REPORT 73
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
AtJune30,2022,thecomponentsofthenetOPEBliabilityoftheCounty,measuredasofJune30,2022were
asfollows:
FortheyearendedJune30,2022,theCountyrecognizedOPEBexpenseof$(11,086,750).AtJune30,2022,the
CountyreporteddeferredoutflowsofresourcesanddeferredinflowsofresourcesrelatedtoOPEBfromthe
followingsources:
AmountsreportedasdeferredoutflowsofresourcesanddeferredinflowsofresourcesrelatedtoOPEBwillbe
recognizedinOPEBexpenseasfollows:
TotalOPEB PlanFiduciary NetOPEB
Liability NetPosition Liability
(a)(b)(c)=(a)Ͳ(b)
BalanceatJune30,2021 603,366,947$202,278,637$401,088,310$
ChangesfortheFiscalYear:
Servicecost 10,532,380 Ͳ10,532,380
Interest28,148,769 Ͳ28,148,769
Changeinbenefitterms 21,909,152 Ͳ21,909,152
Differencebetweenexpectedandactualexperience 41,864,122 Ͳ41,864,122
Changesofassumptions (40,848,913) Ͳ(40,848,913)
Benefitpayments (25,147,334)(25,147,334) Ͳ
Contributions Ͳ33,940,925(33,940,925)
Netinvestmentincome Ͳ(27,795,834)27,795,834
Administrativeexpense Ͳ(793,591) 793,591
Other Ͳ11,736,840(11,736,840)
Netchanges 36,458,176(8,058,994)44,517,170
BalanceatJune30,2022 639,825,123$194,219,643$445,605,480$
Increase(Decrease)
Deferred
Outflowsof
Resources
Deferred
Inflowsof
Resources
Differencebetweenexpectedandactualexperience 30,746,896$2,649,308$
Changesofassumptions Ͳ 84,717,172
Netdifferencebetweenprojectedandactualearningson
OPEBplaninvestments 17,208,947Ͳ
Total 47,955,843$87,366,480$
YearEndingJune30,
2023 (40,871,307)$
2024 (9,316,261)
2025 2,459,851
2026 8,317,080
2027 Ͳ
(39,410,637)$
74 MECKLENBURG COUNTY, NORTH CAROLINA
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
TheLibraryprovidesfullcostofcoverageforpostemploymenthealthcarebenefitspaidtoqualifiedretireeswith
20yearsofcreditedserviceand50%ofthecosttoqualifiedretireeswith10Ͳ20yearsofcreditedservice.
Fundingforthesecostsisincludedinbudgetedappropriationsintheannualbudget.TheLibrary’stotalOPEB
liabilityof$79,764,118wasmeasuredasofJune30,2021andwasdeterminedbyanactuarialvaluationasof
January1,2021.CompleteinformationregardingtheLibrary’spostemploymentbenefitsappearsinthe
separatelyissuedJune30,2022Libraryfinancialstatements.
MedicAgencyprovidesthefullcostofpostͲemploymenthealthcarebenefitstoqualifiedretireeswith20years
ofcreditedserviceand50%ofthecostofpostͲemploymenthealthcarebenefitstoqualifiedretireeswith10Ͳ
20yearsofcreditedservice.EffectiveJune1,2010theplanwasclosedtonewentrants.Medic’stotalOPEB
liabilityof$71,585,023wasmeasuredasofJune30,2021andwasdeterminedbyanactuarialvaluationasof
January1,2021.CompleteinformationregardingMedicAgency’spostͲemploymenthealthcarebenefits
appearsinMedicAgency’sseparatelyissuedJune30,2022financialstatements.
TheABCBoardprovidesretireehealthbenefitsundertheABCBoardRetireeBenefitPlan.ThePlancoversmajor
medicalbenefitsforcoveredmembersandprovidesanunlimitedannualbenefitpercoveredindividualnot
eligibleforMedicareand$50,000percoveredindividualwhoisMedicareeligibleforthosewhohavealready
electedtoparticipate;however,this$50,000coverageplanisnolongeropentothosenotalreadyenrolledin
it.MedicareeligibleretireesretiringafterNovember18,2009donothavetheoptionofremainingonthe
Board’sretireehealthplan,butinsteadareeligibletoreceiveareimbursementstipendforprivatecoverage.As
ofJune30,2022,themostrecentvaluationdate,theplanwasnotfunded.ThenetOPEBobligationof
$10,032,084isrecordedasaliabilityinthestatementsofnetpositionandincludedinaccruedsalaries,wages
andrelatedcosts.CompleteinformationregardingtheABCBoard’spostͲemploymenthealthcarebenefits
appearsintheABCBoard’sseparatelyissuedJune30,2022financialstatements.
13. OtherEmploymentBenefits
UndertheConsolidatedOmnibusBudgetandReconciliationActof1985(COBRA),theCountyallowsterminated
employeestocontinuetheirenrollmentintheirhealthcareinsuranceprogramforupto18monthsfollowing
termination.Continuationofcoveragebytheterminatedemployeeisoptionalfortheemployeewhohasupto
60daysfollowingterminationtodecide.ThereisnocosttotheCountyandtheterminatedemployeemustpay
thefullpremiumamountplusatwopercentadministrativefee.
TheCountyhaselectedtoprovidedeathbenefitstoemployeesthroughtheDeathBenefitPlanformembersof
theLocalGovernmentalEmployees'RetirementSystem(DeathBenefitPlan),amultipleͲemployer,StateͲ
administered,costͲsharingplanfundedonaoneͲyeartermcostbasis.Thebeneficiariesofthoseemployees
whodieinactiveserviceafteroneyearofcontributingmembershipintheSystem,orwhodiewithin180days
afterretirementorterminationofserviceandhaveatleastoneyearofcontributingmembershipserviceinthe
Systematthetimeofdeathareeligiblefordeathbenefits.Lumpsumdeathbenefitpaymentstobeneficiaries
areequaltotheemployee's12highestmonth’ssalaryinarowduringthe24monthspriortodeath,butthe
benefitmaynotexceed$50,000orbelessthan$25,000.AlldeathbenefitpaymentsaremadefromtheDeath
BenefitPlan.TheCountyhasnoliabilitybeyondthepaymentofmonthlycontributions.Contributionsare
determinedasapercentageofmonthlypayroll,baseduponratesestablishedannuallybytheState.Separate
ratesaresetforemployeesnotengagedinlawenforcementandforlawenforcementofficers.Becausethe
benefitpaymentsaremadebytheDeathBenefitPlanandnotbytheCounty,theCountydoesnotdetermine
thenumberofeligibleparticipants.
ANNUAL COMPREHENSIVE FINANCIAL REPORT 75
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
14. RiskManagement
Property,LiabilityandWorker’sCompensation
TheCountyisexposedtovariousrisksoflossrelatedtogeneralliability,vehicleliability,propertyandworkers’
compensation.TheRiskManagementInternalServiceFundwasestablishedinfiscalyear2022toaccountfor
andfinanceinsuredanduninsuredrisks.Countyfundsparticipateintheprogramandmakepaymentstothe
RiskManagementFund.TheRiskManagementDivisionoftheCityofCharlotte’sFinanceDepartment,as
trusteefortheCounty,providesriskmanagementservicestotheCounty.AsofJune30,2022,theprogram
coveredthefollowingareasofrisk:CommercialAutomobileLiability,FidelityBonds,InlandMarine,Commercial
GeneralLiability,PublicOfficialLiability,LawEnforcement,MedicalProfessionalLiability,Property,Workers’
Compensation,NetworkSecurityandDroneLiability.Thefidelitybondsaremaintainedatthesystemlevelsfor
allapplicableemployees.TheCountywillfinanceitsownlossexposuresuptothefirst$1,500,000per
occurrenceperyearwithfundsheldintrustfortheCountyorfundsheldintheRiskManagementFundexcept
forpropertyexposuresandWorkers'Compensationexposuresasdescribedbelow.AmountsheldbytheCity
arespecificallydesignatedbyentityandthereisnopoolingofrisks.TheRiskManagementDivisionaccruesfor
claimsincurredbutnotreportedbasedonpriorhistoricaldata.Thisaccrualreducestheamountavailableinthe
separatetrust.Propertyexposuresover$100,000andWorkers'Compensationexposuresover$900,000are
insured.LawEnforcementexposuresover$1,500,000areinsuredupto$6,500,000andpublicofficialliability
exposuresover$250,000areinsuredupto$5,000,000.TheCountyhaspurchasedexcessinsurancetocover
automobileandgeneralliabilityexposuresinamountsupto$21,500,000abovethetrustcoverageamount.The
CyberLiabilitypolicycoversupto$10,000,000peroccurrence.TheFinanceOfficerisbondedfor$250,000and
TaxCollectorisbondedfor$100,000.Therehavebeennosignificantreductionsininsurancecoveragefrom
coveragelevelsintheprioryearandsettledclaimshavenotexceededcoverageinanyofthepastthreefiscal
years.
AsofJune30,2022,amountsrecordedintheRiskManagementFundforreportedandincurredbutnotreported
claimsrelatedtoproperty,liabilityandworker’scompensationselfͲinsuranceareasfollows:
EmployeeInsurance
TheCountyprovidesinsurancecoverageforemployeesandretireesthroughaselfͲinsuredplanadministered
byoutsideproviders.TheEmployeeBenefitsInternalServiceFundwasestablishedtoaccountforemployee
andretireeinsuranceactivities.CountyfundsparticipateintheprogramandmakepaymentstotheEmployee
BenefitsFund.Employeesandretireescontributetheirportionofthecoststothefundbasedonactuarially
determinedrates.AsofJune30,2022,amountsrecordedintheEmployeeBenefitsFundforreportedand
2022
2021
(Restated)
AccountspayableandaccruedliabilitiesͲbeginningoffiscalyear7,932,059$ 38,928,463$
Additions 18,730,20912,702,687
Payments (16,529,348)(43,699,091)
AccountspayableandaccruedliabilitiesͲendoffiscalyear10,132,920$7,932,059$
76 MECKLENBURG COUNTY, NORTH CAROLINA
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
incurredbutnotreportedclaimsareasfollows:
15. ClosureandPostͲclosureCareCosts–U.S.521Landfill
StateandfederallawsrequiretheCountytoplaceafinalcoveronitsU.S.521LandfillFacilitywhenitstops
acceptingwasteandtoperformcertainmaintenanceandmonitoringfunctionsatthesitefor25yearsafter
closure.AlthoughclosureandpostͲclosurecarecostswillonlybepaidnearorafterthedatethelandfillstops
acceptingwaste,theCountyreportsaportionofthesecostsasanoperatingexpenseeachfiscalyearbasedon
thelandfillcapacityusedasofthebalancesheetdate.TheaccruedlandfilldevelopmentandpostͲclosurecare
liabilityof$15,086,241asofJune30,2022isbasedontheuseof66%ofthetotalestimatedcapacityofthe
landfill.TheCountywillrecognizetheremainingestimatedcostofclosureandpostͲclosurecareof$5.6million
astheremainingestimatedcapacityisfilled.Thisamountisbasedonthecurrentcoststoperformclosureand
postͲclosurecareinfiscalyear2022.TheCountyexpectstoclosetheU.S.521landfillin2030.Actualcostsmay
behigherduetoinflation,changesintechnologyorchangesinregulations.
TheCountyhasmettherequirementsofalocalgovernmentfinancialtestthatisoneoptionunderstateand
federallawsandregulationswhichhelpsdetermineifaunitisfinanciallyabletomeetclosureandpostͲclosure
carerequirements.However,theCountyhasalsoelectedtoestablishareservefundtoaccumulateresources
forthepaymentoffutureusedevelopmentcostswhichhasabalanceasofJune30,2022of$1,196,519.The
Countyexpectsthatfutureinflationcostswillbepaidfromtheinterestearningsonthesecontributions.
However,ifinterestearningsareinadequateoradditionalpostͲclosurecarerequirementsaredetermined,
thesecostsmayneedtobecoveredbychargestofuturelandfillusers.
16. CommitmentsandContingencies
TheCountyparticipatesinanumberofFederalandStateofNorthCarolinagrantprograms,principallySocial
ServicesAdministration,TemporaryAssistancetoNeedyFamilies,MentalHealthAreaMatchingFunds,and
MedicalAssistanceprograms.ForthefiscalyearendedJune30,2022,theseprogramswereauditedin
accordancewiththeOMBUniformGuidanceandtheStateSingleAuditAct,N.C.G.S.159Ͳ34,whichthisreport
isissuedseparately.Anyexpenditureswhichmaybedisallowedbythegrantingagenciescannotbedetermined
atthistime,althoughtheCountyexpectssuchamounts,ifany,tobeinsignificant.
UnexpendedfundsatJune30,2022arecommittedforvariousprojectsinaccordancewithrelatedCapital
ProjectsOrdinances.ThesefundsareincludedinRestrictedNetPositionandareincludedincommittedfund
balanceoftheappropriatecapitalprojectsfundsasdisclosedinNote1.k.TheCountyreviewsitspotential
liabilityforarbitragerebatepayments.AsofJune30,2022,theCountyhadnopotentialliability.
TheCountyisinvolvedinvariouslegalactionsinthenormalcourseofitsbusiness.Inaddition,theCountyhas
chargespendingwiththeEqualEmploymentOpportunityCommission.Thechargesinitiatedbyindividuals
allegingdiscriminatoryhiring,promotionorterminationpractices,arenotinlitigationandtherehavebeenno
2022 2021
AccountspayableandaccruedliabilitiesͲbeginningoffiscalyear18,895,675$18,200,922$ 
Additions 124,764,71278,038,663
Payments (120,558,804)(77,343,910)
AccountspayableandaccruedliabilitiesͲendoffiscalyear23,101,583$18,895,675$ 
ANNUAL COMPREHENSIVE FINANCIAL REPORT 77
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
classactionthreats.Althoughtheoutcomeoftheaboveclaimsandtheultimateamountofcompensationor
penaltieswhichmightbeawardedarenotpresentlydeterminable,intheopinionofCountymanagementand
theCountyAttorney,theresultsoftheclaimsandresolutionoflegalactionswillnothaveamateriallyadverse
impactonthefinancialpositionoftheCounty.
17. JointlyGovernedOrganization
TheCounty,inconjunctionwithsevenothercountiesand50municipalities,establishedtheCentralinaCouncil
ofGovernments(COG)(RegionF).TheparticipatinggovernmentsestablishedCOGtocoordinatefunding
receivedfromvariousfederalandstateagencies.EachparticipatinggovernmentappointsonemembertoCOG's
58Ͳmembergoverningboard.TheCountypaidmembershipfeesof$287,962.80toCOGduringfiscalyear2022.
18. JointVentures
TheCounty,alongwiththeStateofNorthCarolina,participatesinajointventuretooperateCentralPiedmont
CommunityCollege(CPCC).TheCounty,StateofNorthCarolinaandtheCharlotteͲMecklenburgBoardof
Educationmakefourappointmentseachtothe12ͲmemberBoardofTrustees.CPCCisincludedasacomponent
unitoftheState.TheCountyhasthebasicresponsibilityforprovidingfundingforthefacilitiesofCPCCand
providessomefinancialsupportforoperations.Inadditiontoprovidingannualappropriationsforfacilities,the
Countyperiodicallyissuesgeneralobligationbondsandcertificatesofparticipationtoprovidefinancingfornew
andrestructuredfacilities.TheCountycontributed$40,564,852foroperationsand$25,605,012forcapital
purposesduringfiscalyear2022andmadedebtservicepaymentsof$19,650,926infiscalyear2022ongeneral
obligationbondsandcertificatesofparticipationissuedforCPCC.Theparticipatinggovernmentsdonothave
anyequityinterestinthejointventure;therefore,noequityinterestisreflectedintheCounty'sfinancial
statements.CompletefinancialstatementsforCPCCmaybeobtainedfromthefollowingaddress:
CentralPiedmontCommunityCollege
P.O.Box35009
Charlotte,NC28235
TheCounty,inconjunctionwithCatawba,IredellandLincolnCountiesparticipatesinajointventuretooperate
theLakeNormanMarineCommission(theCommission).Eachparticipatinggovernmentappointsoneboard
member,exceptCatawbaCountywhichappointstwomembers.TheCommissionwasestablishedtomakejoint
regulationsforthesafeoperationofvesselsandforsaferecreationaluseofthewater.EachCountyisobligated
tocontributeanequalamountappropriatetosupporttheactivitiesoftheCommission.TheCountyprovided
$17,500totheCommissioninfiscalyear2022.Noneoftheparticipatinggovernmentshasanequityinterestin
theCommission,sonoequityinteresthasbeenreflectedinthefinancialstatementsatJune30,2022.
CompletefinancialstatementsfortheCommissionmaybeobtainedfromthefollowingaddress:
LakeNormanMarineCommission
P.O.Box35008
Charlotte,NC28235
Inaddition,theCounty,inconjunctionwithGastonCountyandYorkCounty,SouthCarolina,participatesina
jointventuretooperatetheLakeWylieMarineCommission(theCommission).TheCountyandYorkCounty
eachappointtwoboardmembers,andGastonCountyappointsthreemembers.TheCommissionwas
establishedtomakejointregulationsforpreservingandprotectingpropertyandwildlifeandpromotingpublic
safety.EachCountyisobligatedtocontributeanequalamountappropriatetosupporttheactivitiesofthe
78 MECKLENBURG COUNTY, NORTH CAROLINA
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
Commission.TheCountyprovided$25,000totheCommissioninfiscalyear2022.Noneoftheparticipating
governmentshasanequityinterestintheCommission,sonoequityinteresthasbeenreflectedinthefinancial
statementsatJune30,2022.CompletefinancialstatementsfortheCommissionmaybeobtainedfromthe
followingaddress:
LakeWylieMarineCommission
P.O.Box35008
Charlotte,NC28235
TheCharlotteͲMecklenburgHistoricLandmarksCommission(HLC)wasestablishedin1973byaresolution
adoptedbytheCityofCharlotteandtheCounty.ThefundamentalpurposeoftheHLCistorecommendthe
designationofproperties(realandpersonal)forhistoriclandmarkdesignationandtosecurethepreservation
ofsamethroughexercisingdesignreviewandthroughbuyingandsellingendangeredhistoriclandmarks.The
Countyappointssixofthe12membersoftheHLC.
CharlotteͲMecklenburgHistoricLandmarksCommission
2100RandolphRoad
Charlotte,NC28207
19. ConduitDebtObligation
InDecember2001,theCountyissued$16,480,000MultifamilyHousingRevenueBondsonbehalfofSycamore
Green,LLCfortheacquisition,constructionandequippingofalowandmoderateincomemultifamilyrental
housingdevelopment.Thesebondsaresecuredbyrentsfromthepropertyandaletterofcredit.Neitherthe
County,theState,noranypoliticalsubdivisionthereofisobligatedinanymannerfortherepaymentofthese
bonds.Accordingly,theoutstandingbondswaspaidinfullatJune30,2022.
InMay2003,theCountyissued$9,390,000MultifamilyHousingRevenueBondsonbehalfofLRCharlotte
LimitedPartnershipfortheacquisition,rehabilitationandequippingofalowandmoderateincomemultifamily
rentalhousingdevelopment.Thesebondsaresecuredbyrentsfromthepropertyandaletterofcredit.Neither
theCounty,theState,noranypoliticalsubdivisionthereofisobligatedinanymannerfortherepaymentof
thesebonds.Accordingly,theoutstandingbondsintheamountof$6,290,000atJune30,2022arenot
reportedasliabilitiesintheaccompanyingfinancialstatements.
InSeptember2003,theCountyissued$4,640,000MultifamilyHousingRevenueBondsonbehalfofBarrington
Oaks,LLCfortheacquisition,rehabilitationandequippingofalowandmoderateincomemultifamilyrental
housingdevelopment.Thesebondsaresecuredbyrentsfromthepropertyandaletterofcredit.Neitherthe
County,theState,noranypoliticalsubdivisionthereofisobligatedinanymannerfortherepaymentofthese
bonds.Accordingly,theoutstandingbondsintheamountof$2͕980͕000atJune30,2022arenotreportedas
liabilitiesintheaccompanyingfinancialstatements.
ANNUAL COMPREHENSIVE FINANCIAL REPORT 79
MECKLENBURGCOUNTY,NORTHCAROLINA
NOTESTOTHEBASICFINANCIALSTATEMENTS
FORTHEYEARENDEDJUNE30,2022
20. PriorPeriodAdjustment
Duringthefiscalyear2022,theCountydeterminedliabilitiesrelatedtopropertytaxrefundspreviouslyrecorded
intheGeneralFundwereoverstatedby$29,998,681.Asaresult,arestatementof$29,998,681ofbeginning
fundbalancefortheGeneralFundandgovernmentwidestatementswasrecorded.
TheCountyreportedarestatementintheEmployeeBenefitsInternalServiceFundandthePostͲEmployment
HealthcareBenefitTrustFundasofJuly1,2021,tomovefundsrelatedtoretireehealthinsuranceactivityfrom
theOPEBtrusttotheEmployeeBenefitsInternalServiceFund.Asaresult,arestatementof$11,817,854of
beginningnetpositionwasrecordedinbothfundsandgovernmentwidestatements.
Inaddition,theCountydeterminedamountspreviouslyreportedasincurredbutnotreportedinthe
governmentͲwidefinancialstatementswasoverstated.Asaresult,arestatementof$39,384,703tobeginning
netpositionwasrecordedtothegovernmentwidestatements.
Therestatementspreviouslydiscussedresultedinatotalrestatementatthegovernmentwidestatementsof
$81,201,238,whichincludestheliabilitiesrestatementtotheGeneralFundof$29,998,681,therestatementto
theinternalservicefundsof$11,817,854andtheincurredbutnotreportedrestatementtothegovernment
widestatementsof$39,384,703.
21. SubsequentEvent
InSeptember2022,theCountyissued$437,860,000ofGeneralObligationSchoolBonds,Series2022.The
proceedswillbeusedtoprovidefundsforschoolfacilities.Theinterestratesrangefrom3.25to5.00percent
withamaturityin2043.
This page left blank intentionally
Required Supplementary InformationMECKLENBURG COUNTY • NORTH CAROLINA
REQUIRED
SUPPLEMENTARY
INFORMATION
Additional required data regarding the Local
Governmental Employees’ Retirement System, Law
Enforcement Officers’ Special Separation
Allowance, Register of Deeds’ Supplemental
Pension Fund and Other Post Employment Benefits.
ANNUAL COMPREHENSIVE FINANCIAL REPORT 83
2022 2021 2020 2019 2018 2017 2016 2015 2014
County'sproportionofthenetpension
asset(liability) 4.54% 4.65% 4.34% 4.38% 4.44% 4.44% 4.41% 4.36% (3.91%)
County'sproportionateshareofthenet
pensionasset(liability) (69,705,619)$(166,176,816)$(118,433,260)$(104,004,422)$(67,810,124)$(94,129,590)$(19,812,331)$25,698,614$(47,122,077)$
County'scoveredpayroll 338,225,845335,148,440307,877,269295,502,699276,830,736276,583,823269,298,292260,514,733227,162,263
County'sproportionateshareofthenet
pensionasset(liability)asapercentage
ofcoveredpayroll (20.61%) (49.58%) (38.47%) (35.20%) (24.50%) (34.03%) (7.36%) 9.86% (20.74%)
Planfiduciarynetpositionasapercentage
ofthetotalpensionliability 95.51% 88.61% 90.86% 91.63% 94.18% 91.47% 98.09% 102.47% 94.35%
Notes:
TheamountspresentedforeachfiscalyearweredeterminedasofthepriorfiscalyearendingJune30
Thisscheduleisintendedtoshowinformationfortenyearsandadditionalyears'informationwillbedisplayedasitbecomesavailable.
BͲ1
MECKLENBURGCOUNTY,NORTHCAROLINA
LOCALGOVERNMENTALEMPLOYEES'RETIREMENTSYSTEM
SCHEDULEOFCOUNTY'SPROPORTIONATESHAREOFTHENETPENSIONASSET(LIABILITY)
LASTNINEFISCALYEARS
84 MECKLENBURG COUNTY, NORTH CAROLINA
2022 2021 2020 2019 2018 2017 2016 2015 2014
Contractuallyrequiredcontribution 40,899,894$33,659,293$29,189,631$23,475,277$21,678,528$19,702,009$18,127,297$18,316,876$17,873,069$
Contributionsinrelationtothe
contractuallyrequiredcontribution 40,899,89433,659,29329,189,63123,475,27721,678,52819,702,00918,127,29718,316,87617,873,069
Contributiondeficiency(excess)Ͳ$Ͳ$Ͳ$Ͳ$Ͳ$Ͳ$Ͳ$Ͳ$Ͳ$
County'scoveredpayroll 371,601,573$338,225,845$335,148,440$307,877,269$295,502,699$276,830,736$276,583,823$269,298,292$260,514,733$
Contributionsasapercentageof
coveredpayroll 11.01% 9.95% 8.71% 7.62% 7.34% 7.12% 6.55% 6.80% 6.86%
Note:Thisscheduleisintendedtoshowinformationfortenyearsandadditionalyears'informationwillbedisplayedasitbecomesavailable.
BͲ2
MECKLENBURGCOUNTY,NORTHCAROLINA
LOCALGOVERNMENTALEMPLOYEES'RETIREMENTSYSTEM
SCHEDULEOFCOUNTYCONTRIBUTIONS
LASTNINEFISCALYEARS
ANNUAL COMPREHENSIVE FINANCIAL REPORT 85
2022 2021 2020 2019 2018 2017
Totalpensionliability
Servicecost,endofyear 931,849$577,384$503,847$503,264$430,674$462,185$
Interest 530,334608,485603,324513,769588,068556,088
Differencesbetweenexpectedandactualexperience 412,6062,402,0441,924,2881,065,382328,893Ͳ
Changesofassumptionsorotherinputs (559,030)6,887,550445,341(520,043)815,257(303,040)
Benefitpayments (1,858,095)(1,466,301)(1,306,607)(1,185,496)(1,093,108)(1,020,940)
Netchangeintotalpensionliability (542,336)9,009,1622,170,193376,8761,069,784(305,707)
Totalpensionliability,beginning 28,407,48319,398,32117,228,12816,851,25215,781,46816,087,175
Totalpensionliability,ending 27,865,147$28,407,483$19,398,321$17,228,128$16,851,252$15,781,468$
CoveredͲemployeepayroll 23,092,141$23,082,725$20,572,067$19,021,791$18,408,846$18,886,807$
Totalpensionliabilityasapercentageofcoveredpayroll 120.67% 123.07% 94.29% 90.57% 91.54% 83.56%
Notes:
TheamountspresentedforthefiscalyearweredeterminedasofthepriorDecember31.
MecklenburgCountyhasnoassetsaccumulatedinatrustthatmeetsthecriteriainparagraph4ofGASBStatement73topayrelatedbenefits.
Thisscheduleisintendedtoshowinformationfortenyearsandadditionalyear'sinformationwillbedisplayedasitbecomesavailable.
BͲ3
MECKLENBURGCOUNTY,NORTHCAROLINA
LAWENFORCEMENTOFFICERS'SPECIALSEPARATIONALLOWANCE
SCHEDULEOFCHANGESINTOTALPENSIONLIABILITYANDCOVEREDPAYROLL
LASTSIXFISCALYEARS
86 MECKLENBURG COUNTY, NORTH CAROLINA
2022 2021 2020 2019 2018 2017 2016 2015 2014
County'sproportionofthenetpension
asset(liability) 7.62% 7.94% 6.69% 7.69% 8.22% 7.98% 8.84% 8.99% 9.53%
County'sproportionateshareofthenet
pensionasset(liability) 1,464,707$1,819,879$1,320,744$1,274,425$1,403,807$1,492,539$2,048,402$1,976,785$2,036,655$
County'scoveredpayroll 146,039140,312127,649104,306130,553106,763104,761100,34498,906
County'sproportionateshareofthenet
pensionasset(liability)asapercentage
ofcoveredpayroll 1002.96% 1297.02% 1034.67% 1221.81% 1075.28% 1397.99% 1955.31% 1970.01% 2059.18%
Planfiduciarynetpositionasapercentage
ofthetotalpensionliability 156.53% 173.62% 164.11% 153.31% 153.77% 160.17% 197.29% 193.88% 190.50%
Notes:
TheamountspresentedforeachfiscalyearweredeterminedasofthepriorfiscalyearendingJune30.
Thisscheduleisintendedtoshowinformationfortenyearsandadditionalyears'informationwillbedisplayedasitbecomesavailable.
BͲ4
MECKLENBURGCOUNTY,NORTHCAROLINA
REGISTERSOFDEEDS'SUPPLEMENTALPENSIONFUND
SCHEDULEOFTHECOUNTY'SPROPORTIONATESHAREOFTHENETPENSIONASSET(LIABILITY)
LASTNINEFISCALYEARS
ANNUAL COMPREHENSIVE FINANCIAL REPORT 87

2022 2021 2020 2019 2018 2017 2016 2015 2014
Contractuallyrequiredcontribution 82,668$91,492$76,034$63,587$72,460$64,845$65,218$70,729$71,206$
Contributionsinrelationtothe
contractuallyrequiredcontribution 82,66891,49276,03463,58772,46064,84565,21870,72971,206
Contributiondeficiency(excess)Ͳ$ Ͳ$ Ͳ$ Ͳ$ Ͳ$ Ͳ$ Ͳ$ Ͳ$ Ͳ$

County'scoveredpayroll 152,479$146,039$140,312$127,649$104,306$130,553$106,763$104,761$100,344$
Contributionsasapercentageof
coveredpayroll 54.22% 62.65% 54.19% 49.81% 69.47% 49.67% 61.09% 67.51% 70.96%
Note:Thisscheduleisintendedtoshowinformationfortenyearsandadditionalyears'informationwillbedisplayedasitbecomesavailable.
BͲ5
MECKLENBURGCOUNTY,NORTHCAROLINA
REGISTERSOFDEEDS'SUPPLEMENTALPENSIONFUND
SCHEDULEOFCOUNTYCONTRIBUTIONS
LASTNINEYEARS
88 MECKLENBURG COUNTY, NORTH CAROLINA2022 2021 2020 2019 2018 2017TotalOPEBLiabilityServicecost10,532,380$13,994,211$14,949,838$15,371,759$16,224,734$18,951,671$Interest28,148,76926,644,82130,544,99730,940,48428,140,25629,961,191Changesofbenefitterms 21,909,152Ͳ Ͳ Ͳ Ͳ ͲDifferencesbetweenexpectedandactualexperience41,864,1221,026,366(2,847,633)(14,026,489)5,234,527656,173Changesofassumptions (40,848,913)(99,374,212)(57,038,382)(4,821,705)(15,686,325)(79,679,340)Benefitpayments (25,147,334)(12,645,898)(11,158,206)(9,895,994)(8,710,423)(12,210,109)NetchangeintotalOPEBliability 36,458,176(70,354,712)(25,549,386)17,568,05525,202,769(42,320,414)TotalOPEBliability,beginning 603,366,947673,721,659699,271,045681,702,990656,500,221698,820,635TotalOPEBliability,ending639,825,123$603,366,947$673,721,659$699,271,045$681,702,990$656,500,221$PlanfiduciarynetpositionContributionsͲemployer 33,940,925$16,282,248$19,157,755$16,934,261$16,889,288$17,572,532$Netinvestmentincome (27,795,834)40,474,5975,120,5197,355,2108,899,85212,251,797Benefitpayments (25,147,334)(12,645,898)(11,158,206)(8,226,655)(8,238,667)(8,964,207)Administrativeexpense (793,591)(670,860)(754,168)(707,606)(650,621)(608,325)Other11,736,840ͲͲͲͲͲNetchangeinplanfiduciarynetposition (8,058,994)43,440,08712,365,90015,355,21016,899,85220,251,797Planfiduciarynetposition,beginning 202,278,637158,838,550146,472,650131,117,440114,217,58893,965,791Planfiduciarynetposition,ending 194,219,643$202,278,637$158,838,550$146,472,650$131,117,440$114,217,588$County'snetOPEBliability,ending 445,605,480$401,088,310$514,883,109$552,798,395$550,585,550$542,282,633$PlanfiduciarynetpositionasapercentageofthetotalOPEBliability 30.36% 33.52% 23.58% 20.95% 19.23% 17.40%Coveredpayroll* 127,140,830$325,394,474$331,778,220$306,064,456$293,645,845$262,111,497$County'snetOPEBliabilityasapercentageofcoveredpayroll 350.48% 123.26% 155.19% 180.62% 187.50% 206.89%Note:Thisscheduleisintendedtoshowinformationfortenyearsandadditionalyears'informationwillbedisplayedasitbecomesavailable.*EffectivewiththeJune30,2022measurementdate,coveredͲemployeepayrollexcludesineligibleactiveemployeeswhoarehiredonorafter7/1/2010orareworkinginalimitedpartͲtimeroleBͲ6MECKLENBURGCOUNTY,NORTHCAROLINAPOSTEMPLOYMENTBENEFITHEATHCAREPLANSCHEDULEOFCHANGESINTHENETOPEBLIABILITYANDRELATEDRATIOSLASTSIXFISCALYEARS
ANNUAL COMPREHENSIVE FINANCIAL REPORT 89202220212020201920182017AnnualmoneyͲweightedrateofreturn,netofInvestmentexpenseͲ16.50% 28.36% 15.00% 19.61% 23.18% 32.76%Notes:Valuationdate: 1/1/2022ActuariallydeterminedcontributionratesarecalculatedasofJune30,oneyearpriortotheendofthefiscalyearinwhichcontributionsarereported.Methodsandassumptionsusedtodeterminecontributionrates:Actuarialcostmethod EntryagenormalAmortizationperiod 20yearsAssetvaluationmethod FairvalueofassetsGeneralInflation 2.50%Healthcarecosttrendrate PreͲ65:7.00%for2022decreasingtoarateof4.50%in2032andbeyondPostͲ65:5.125%for2022decreasingtoarateof4.50%in2025andbeyondSalaryincreases 3.25%Ͳ8.41%forGeneralEmployees3.75%Ͳ9.00%forFirefighters3.25%Ͳ7.90%forLawEnforcementOfficersExpectedreturnonassets 6.50%Retirementage Activeemployeesareassumedtoretirebasedonassumedageandservicebasedretirementdecrementsthatbestreflectanticipatedexperience.MortalityrateͲhealthy&disabledEmployees&healthyannuitants PUBͲ2010AmountsͲweightedgeneralemployeesandhealthyannuitantsmortalitytablewithgenerationalimprovementsbyscaleMP2019.DisabledmembersPUBͲ2010AmountsͲweightedgeneralemployeesdisabledretirementmortalitytablewithgenerationalimprovementsbyscaleMP2019.Surviorbeneficiaries PUBͲ2010AmountsͲweightedgeneralemployeessurvivorbeneficiarymortalitytablewithgenerationalimprovementsbyscaleMP2019.Thisscheduleisintendedtoshowinformationfortenyearsandadditionalyears'informationwillbedisplayedasitbecomesavailable.BͲ7MECKLENBURGCOUNTY,NORTHCAROLINAPOSTEMPLOYMENTBENEFITHEALTHCAREPLANSCHEDULEOFINVESTMENTRETURNSLASTSIXFISCALYEARS
90 MECKLENBURG COUNTY, NORTH CAROLINA
BͲ8
MECKLENBURGCOUNTY,NORTHCAROLINA
POSTEMPLOYMENTBENEFITHEALTHCAREPLAN
SCHEDULEOFCOUNTYCONTRIBUTIONS
LASTTENFISCALYEARS
Contributions
inRelationtothe Contributions
FiscalYear Actuarially Actuarially asaPercentageof
Ended Determined Determined Contribution Covered Covered
June30, Contribution Contribution Deficiency(Excess)Payroll* Payroll
2022 37,706,248$33,940,925$3,765,323$127,140,830$26.696 %
2021 37,979,32516,973,49721,005,828325,394,4745.216
2020 43,301,73718,072,43125,229,306331,778,2205.447
2019 47,050,38216,934,26130,116,121306,064,4565.533
2018 48,329,41616,889,28831,440,128293,645,8455.752
2017 53,682,87320,210,10833,472,765278,208,9917.264
2016 54,253,80519,487,42534,766,380262,111,4977.435
2015 46,801,04417,064,51329,736,531269,298,2926.337
2014 39,000,83516,593,24422,407,591260,514,7336.369
2013 48,983,16115,476,59033,506,571227,162,2636.813
* EffectivewiththeJune30,2022measurementdate,coveredͲemployeepayrollexcludesineligibleactiveemployeeswhoarehiredonor
after7/1/2010orareworkinginalimitedpartͲtimerole
Combining and Individual Fund Statements and SchedulesMECKLENBURG COUNTY • NORTH CAROLINA
COMBINING &
INDIVIDUAL FUND
STATEMENTS
AND SCHEDULES
Provides detailed statements for the nonmajor
Special Revenue and Capital Projects Funds,
the Internal Service Funds and the Custodial
Fiduciary Funds, budget to actual schedules for
the Debt Service Fund, Special Revenue Funds,
the Enterprise Fund and other supporting
statements and schedules.
ANNUAL COMPREHENSIVE FINANCIAL REPORT 93















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94 MECKLENBURG COUNTY, NORTH CAROLINA
Special Capital TotalNonmajor
Revenue Project Governmental
Funds Funds Funds
ASSETS
Cashandinvestments 55,545,460$105,185,504$160,730,964$
Interestreceivable 87,4782,55290,030
Accountsreceivable 33,696,4102,783,10136,479,511
Taxesreceivable 584,050Ͳ584,050
Lessallowanceforuncollectibletaxes (63,170)Ͳ(63,170)
Restrictedcashandinvestments Ͳ8,901,7678,901,767
Totalassets 89,850,228$116,872,924$206,723,152$
LIABILITIESANDFUNDBALANCES
Liabilities
Accountspayableandaccruedliabilities 26,156,860$10,074,499$36,231,359$
Unearnedgrantrevenue 1,246,619Ͳ1,246,619
Duetootherfunds 8,147,7594,163,36012,311,119
TotalLiabilities 35,551,23814,237,85949,789,097
DEFERREDINFLOWSOFRESOURCES 520,881Ͳ520,881
FundBalances
Restricted:
LandUseandEnvironmentalServices 2,275,180Ͳ2,275,180
DetentionandCourtSupportServices 4,870,010Ͳ4,870,010
CapitalProjects Ͳ44,07144,071
Committed:
LandUseandEnvironmentalServices 33,063,489Ͳ33,063,489
PublicSafety 8,337,008Ͳ8,337,008
FireProtection 4,878,941Ͳ4,878,941
CapitalProjects Ͳ102,590,994102,590,994
DetentionandCourtSupportServices 174,062Ͳ174,062
HealthandHumanServices 179,419Ͳ179,419
Totalfundbalances 53,778,109102,635,065156,413,174
TOTALLIABILITIES,DEFERREDINFLOWSOF
RESOURCES,ANDFUNDBALANCES 89,850,228$116,872,924$206,723,152$
CͲ1
MECKLENBURGCOUNTY,NORTHCAROLINA
COMBININGBALANCESHEET
NONMAJORGOVERNMENTALFUNDS
JUNE30,2022
ANNUAL COMPREHENSIVE FINANCIAL REPORT 95
SpecialCapitalTotalNonmajor
Revenue Project Governmental
Funds Funds Funds
REVENUES
LawEnforcementServiceDistricttaxes 20,847,166$Ͳ$20,847,166$
TransitoneͲhalfcentsalestax 75,693,668Ͳ75,693,668
FireServiceDistrictstaxes 9,152,710Ͳ9,152,710
Intergovernmental 58,075,859552,91458,628,773
Chargesforservices 50,432,1401,824,07052,256,210
Licensesandpermits 721,800Ͳ721,800
Interestearnedoninvestments (694,867)8,131(686,736)
Other 18,2391,733,7731,752,012
Totalrevenues 214,246,7154,118,888218,365,603
EXPENDITURES
AdministrativeServices 1,198,618Ͳ1,198,618
LandUseandEnvironmentalServices 42,831,369Ͳ42,831,369
DetentionandCourtSupportServices 2,154,271Ͳ2,154,271
HealthandHumanServices 53,139,297Ͳ53,139,297
BusinessPartners 75,693,668Ͳ75,693,668
PublicSafety 26,853,116Ͳ26,853,116
DebtService:
Principal 52,456Ͳ52,456
Capitaloutlay 17,167,030234,761,395251,928,425
Totalexpenditures 219,089,825234,761,395453,851,220
REVENUESOVER(UNDER)EXPENDITURES (4,843,110)(230,642,507)(235,485,617)
OTHERFINANCINGSOURCES(USES)
Saleofcapitalassets Ͳ389,847389,847
Transfersin 190,92059,330,16459,521,084
Transfersout (962,959)Ͳ(962,959)
Totalotherfinancingsources(uses)(772,039)59,720,01158,947,972
NETCHANGEINFUNDBALANCE (5,615,149)(170,922,496)(176,537,645)
FUNDBALANCESͲBEGINNINGOFYEAR 59,393,258273,557,561332,950,819
FUNDBALANCESͲENDOFYEAR 53,778,109$102,635,065$156,413,174$
CͲ2
MECKLENBURGCOUNTY,NORTHCAROLINA
COMBININGSTATEMENTOFREVENUES,EXPENDITURESANDCHANGESINFUNDBALANCE
NONMAJORGOVERNMENTALFUNDS
FORTHEYEARENDEDJUNE30,2022
96 MECKLENBURG COUNTY, NORTH CAROLINALaw Transit Discarded Fire ChildTotalStormWater Enforcement OneͲhalfCent ScrapTire White Register Service SupportCoronavirus EmergencyRental EmergencyRental FeeCollections RepresentativeStateEmergency StateEmergency Opioid SpecialManagementServiceDistrictSalesTaxDisposalGoodsofDeedsDistrictsReinvestmentReliefFundAssistanceAssistance2forStatePayeeFundRentalAssistanceRentalAssistance2SettlementRevenueASSETSCashandinvestments 24,900,514$9,728,456$ Ͳ$1,060,603$176,991$2,271,593$5,286,013$4,958,028$ Ͳ$Ͳ$Ͳ$5,729,613$187,030$ Ͳ$Ͳ$1,246,619$55,545,460$Interestreceivable 49,98014,654Ͳ6527013,5879,2668,638ͲͲͲͲͲͲͲͲ87,478Accountsreceivable 4,545,291129,86520,307,203504,375 ͲͲ58,765ͲͲͲͲ36,520ͲͲ8,114,391Ͳ33,696,410TaxesreceivableͲ425,224ͲͲͲͲ158,826 ͲͲͲͲͲͲͲͲͲ584,050LessallowanceforuncollectibletaxesͲ(48,610)ͲͲͲͲ(14,560)ͲͲͲͲͲͲͲͲͲ(63,170)Totalassets 29,495,785$10,249,589$20,307,203$1,565,630$177,692$2,275,180$5,498,310$4,966,666$Ͳ$Ͳ$Ͳ$5,766,133$187,030$Ͳ$8,114,391$1,246,619$89,850,228$LIABILITIESANDFUNDBALANCESLiabilitiesAccountspayableandaccruedliabilities 2,666,706$1,502,599$20,307,203$1,038,448$7,115$ Ͳ$475,102$96,656$ Ͳ$Ͳ$Ͳ$55,420$7,611$Ͳ$Ͳ$Ͳ$26,156,860$UnearnedgrantrevenueͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲ1,246,6191,246,619DuetootherfundsͲ33,368ͲͲͲͲͲͲͲͲͲͲͲͲ8,114,391Ͳ8,147,759Totalliabilities 2,666,7061,535,96720,307,2031,038,4487,115Ͳ475,10296,656ͲͲͲ55,4207,611Ͳ8,114,3911,246,61935,551,238DEFERREDINFLOWSOFRESOURCESͲ376,614ͲͲͲͲ144,267ͲͲͲͲͲͲͲͲͲ520,881FundBalancesRestricted:LandUseandEnvironmentalServicesͲͲͲͲ2,275,180 ͲͲͲͲͲͲͲͲͲͲ2,275,180DetentionandCourtSupportServicesͲͲͲͲͲͲͲ4,870,010 ͲͲͲͲͲͲͲͲ4,870,010Committed:LandUseandEnvironmentalServices 26,829,079 ͲͲ527,182170,577 ͲͲͲͲͲͲ5,536,651ͲͲͲͲ33,063,489PublicSafetyͲ8,337,008 ͲͲͲͲͲͲͲͲͲͲͲͲͲͲ8,337,008FireProtectionͲͲͲͲͲͲ4,878,941 ͲͲͲͲͲͲͲͲͲ4,878,941DetentionandCourtSupportServicesͲͲͲͲͲͲͲͲͲͲͲ174,062ͲͲͲͲ174,062HealthandHumanServicesͲͲͲͲͲͲͲͲͲͲͲͲ179,419ͲͲͲ179,419Totalfundbalances 26,829,0798,337,008Ͳ527,182170,5772,275,1804,878,9414,870,010ͲͲͲ5,710,713179,419ͲͲͲ53,778,109TOTALLIABILITIES,DEFERREDINFLOWSOFRESOURCES,ANDFUNDBALANCES 29,495,785$10,249,589$20,307,203$1,565,630$177,692$2,275,180$5,498,310$4,966,666$Ͳ$Ͳ$Ͳ$5,766,133$187,030$Ͳ$8,114,391$1,246,619$89,850,228$CͲ3MECKLENBURGCOUNTY,NORTHCAROLINACOMBININGBALANCESHEETSPECIALREVENUEFUNDSJUNE30,2022
ANNUAL COMPREHENSIVE FINANCIAL REPORT 97Law Transit Discarded Fire ChildTotalStormWater Enforcement OneͲhalfCent ScrapTire White RegisterService SupportCoronavirusEmergencyRental EmergencyRental FeeCollections RepresentativeStateEmergency StateEmergency Opioid SpecialManagementServiceDistrictSalesTaxDisposalGoodsofDeedsDistrictsReinvestmentRefliefFundAssistanceAssistance2forStatePayeeFundRentalAssistanceRentalAssistance2SettlementRevenueREVENUESLawEnforcementServiceDistricttaxesͲ$20,847,166$Ͳ$ Ͳ$Ͳ$ Ͳ$Ͳ$Ͳ$ Ͳ$Ͳ$Ͳ$Ͳ$ Ͳ$ Ͳ$ Ͳ$Ͳ$20,847,166$TransitoneͲhalfcentsalestaxͲͲ75,693,668 ͲͲͲͲͲͲͲͲͲͲͲͲͲ75,693,668FireServiceDistrictstaxesͲͲ ͲͲͲͲ9,152,710 ͲͲͲͲͲͲͲͲͲ9,152,710Intergovernmental 547,372Ͳ Ͳ1,942,487314,294 ͲͲ952,7621,266,3121,398,9632,144,514 Ͳ50,48727,696,85421,761,814Ͳ58,075,859Chargesforservices 21,136,534Ͳ ͲͲͲ742,502 ͲͲͲͲͲ28,553,104 ͲͲͲͲ50,432,140LicensesandpermitsͲͲ ͲͲͲͲͲͲͲͲͲ721,800 ͲͲͲͲ721,800Interestearnedoninvestments (820,427)43,967Ͳ1,2283,42212,96131,51932,463 ͲͲͲͲͲͲͲͲ(694,867)OtherͲͲͲͲͲͲͲͲͲͲͲ18,239ͲͲͲͲ18,239Totalrevenues 20,863,47920,891,13375,693,6681,943,715317,716755,4639,184,229985,2251,266,3121,398,9632,144,51429,293,14350,48727,696,85421,761,814Ͳ214,246,715EXPENDITURESLandUseandEnvironmentalServices 11,618,141ͲͲ1,931,663632,061502,045 ͲͲͲͲͲ28,147,459 ͲͲͲͲ42,831,369DetentionandCourtSupportServicesͲͲ ͲͲͲͲͲ1,638,871 ͲͲͲ515,400 ͲͲͲͲ2,154,271PublicSafetyͲ18,130,646ͲͲͲͲ8,722,470 ͲͲͲͲͲͲͲͲͲ26,853,116BusinessPartnersͲͲ75,693,668 ͲͲͲͲͲͲͲͲͲͲͲͲͲ75,693,668AdministrativeServicesͲͲͲͲͲ1,198,618 ͲͲͲͲͲͲͲ1,198,618HealthandHumanServicesͲͲ ͲͲͲͲͲͲ67,6941,398,9632,144,51411,77557,68327,696,85421,761,814Ͳ53,139,297DebtService:Principal 52,456Ͳ ͲͲͲͲͲͲͲͲͲͲͲͲͲͲ52,456Capitaloutlay 17,167,030ͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲ17,167,030Totalexpenditures 28,837,62718,130,64675,693,6681,931,663632,061502,0458,722,4701,638,8711,266,3121,398,9632,144,51428,674,63457,68327,696,85421,761,814Ͳ219,089,825REVENUESOVER(UNDER)EXPENDITURES (7,974,148)2,760,487Ͳ12,052(314,345)253,418461,759(653,646)ͲͲͲ618,509(7,196)ͲͲͲ(4,843,110)OTHERFINANCINGSOURCES(USES)Transfersin 190,920ͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲ190,920Transfersout (962,959)ͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲ(962,959)Totalotherfinancingsources(uses) (772,039)ͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲ(772,039)EXCESS(DEFICIENCY)OFREVENUESANDOTHERFINANCINGSOURCES(USES)OVER(UNDER)EXPENDITURES (8,746,187)2,760,487Ͳ12,052(314,345)253,418461,759(653,646) ͲͲͲ618,509(7,196)ͲͲͲ(5,615,149)FUNDBALANCESͲBEGINNINGOFYEAR35,575,2665,576,521Ͳ515,130484,9222,021,7624,417,1825,523,656ͲͲͲ5,092,204186,615ͲͲͲ59,393,258FUNDBALANCESͲENDOFYEAR 26,829,079$8,337,008$Ͳ$527,182$170,577$2,275,180$4,878,941$4,870,010$Ͳ$Ͳ$Ͳ$5,710,713$179,419$Ͳ$Ͳ$Ͳ$53,778,109$CͲ4MECKLENBURGCOUNTY,NORTHCAROLINACOMBININGSTATEMENTOFREVENUES,EXPENDITURESANDCHANGESINFUNDBALANCESPECIALREVENUEFUNDSFORTHEYEARENDEDJUNE30,2022
98 MECKLENBURG COUNTY, NORTH CAROLINAOther TotalBondCertificatesof Capital Capital CapitalFinancialStatementClassificationFundsParticipationReserveFundingProjectsASSETSCashandinvestmentsͲ$Ͳ$73,972,183$31,213,321$105,185,504$AccountsreceivableͲͲ1,233,3811,549,7202,783,101Restrictedcashandinvestments 8,901,767ͲͲͲ8,901,767Totalassets 8,901,767$Ͳ$75,205,564$32,765,593$116,872,924$LIABILITIESANDFUNDBALANCESLiabilitiesAccountspayableandaccruedliabilities4,694,336$Ͳ$3,970,989$1,409,174$10,074,499$Duetootherfunds4,163,360ͲͲͲ4,163,360Totalliabilities8,857,696Ͳ3,970,9891,409,17414,237,859DEFERREDINFLOWSOFRESOURCESͲͲͲͲͲFundBalancesRestricted:CapitalProjects 44,071 ͲͲͲ44,071Committed:CapitalProjectsͲͲ71,234,57531,356,419102,590,994Totalfundbalances44,071Ͳ71,234,57531,356,419102,635,065TOTALLIABILITIES,DEFERREDINFLOWSOFRESOURCES,ANDFUNDBALANCES8,901,767$Ͳ$75,205,564$32,765,593$116,872,924$CͲ5MECKLENBURGCOUNTY,NORTHCAROLINACOMBININGBALANCESHEETCAPITALPROJECTSFUNDSJUNE30,2022
ANNUAL COMPREHENSIVE FINANCIAL REPORT 99Other TotalBondCertificatesofCapital Capital CapitalIncomeStatementClassificationFundsParticipationReserveFundingProjectsProjectAuthorization 1,342,840,189$681,951,412$477,755,004$375,852,001$2,878,398,606$PriorYear'sRevenues 1,429,761,141679,507,345479,504,375223,078,3932,811,851,254PriorYear'sExpenditures 1,252,356,985679,191,692403,764,274202,980,7422,538,293,693FundBalancesͲBeginningofYear177,404,156315,65375,740,10120,097,651273,557,561REVENUESIntergovernmentalFederalͲͲͲ535,850535,850StateͲͲͲ17,06417,064ChargesforservicesͲͲ1,824,070Ͳ1,824,070InterestearnedoninvestmentsͲͲͲ8,1318,131OtherͲͲ117,8001,615,9731,733,773TotalrevenuesͲͲ1,941,8702,177,0184,118,888EXPENDITURESManagementServicesCountyBuildingsͲ214,26912,238,436268,96712,721,672SmallBusinessLoanProgramsͲͲͲ947,609947,609HousingStabilitySupportServicesͲͲͲ5,359,4975,359,497LandUseandEnvironmentalServicesCommunityDevelopmentͲ29,642Ͳ532,474562,116HistoricPreservationͲͲͲ18,92718,927CommunityServicesParkandRecreationFacilities2,329,361Ͳ8,241,8477,639,27918,210,487LibraryFacilitiesͲͲ399,753Ͳ399,753DetentionandCourtSupportServicesCourtFacilitiesͲ71,7421,462,520Ͳ1,534,262Jail/DetentionFacilitiesͲͲ343,441Ͳ343,441BusinessPartnersCommunityCollegeFacilities458,900Ͳ1,622,016Ͳ2,080,916SchoolFacilities 174,571,824Ͳ6,794,949Ͳ181,366,773Totalexpenditures177,360,085315,65331,102,96225,982,695234,761,395REVENUESUNDEREXPENDITURES (177,360,085)(315,653)(29,161,092)(23,805,677)(230,642,507)OTHERFINANCINGSOURCES(USES)SaleofcapitalassetsͲͲ85,566304,281389,847TransfersinͲͲ24,570,00034,760,16459,330,164Totalotherfinancingsources(uses)ͲͲ24,655,56635,064,44559,720,011NETCHANGEINFUNDBALANCE (177,360,085)(315,653)(4,505,526)11,258,768(170,922,496)FUNDBALANCESͲENDOFYEAR 44,071$Ͳ$71,234,575$31,356,419$102,635,065$CͲ6MECKLENBURGCOUNTY,NORTHCAROLINASTATEMENTOFREVENUES,EXPENDITURESANDCHANGESINFUNDBALANCECAPITALIMPROVEMENTSFORTHEYEARENDEDJUNE30,2022
100 MECKLENBURG COUNTY, NORTH CAROLINA
FinancialStatementClassification
ProjectAuthorization 1,430,831,700$
PriorYear'sRevenues 1,008,825,487
PriorYear'sExpenditures 921,785,278
FundBalanceͲBeginningofYear 87,040,209
EXPENDITURES
ManagementServices
CountyBuildings 26,989,497
CommunityServices
ParkandRecreation 28,684,361
LibraryFacilities 10,026,734
DetentionandCourtSupportServices
CourtFacilities 318,341
Jail/DetentionFacilities 427,029
BusinessPartners
CommunityCollegeFacilities 25,605,012
TotalExpenditures 92,050,974
REVENUESOVER/(UNDER)EXPENDITURES (92,050,974)
OTHERFINANCINGSOURCES(USES)
Transfersin 109,119,060
Transfersout (6,600,000)
TotalOtherFinancingSources(Uses) 102,519,060
NETCHANGEINFUNDBALANCE 10,468,086
FUNDBALANCEͲENDOFYEAR 97,508,295$
CͲ7
MECKLENBURGCOUNTY,NORTHCAROLINA
STATEMENTOFREVENUES,EXPENDITURESANDCHANGESINFUNDBALANCE
PAYͲASͲYOUGOCAPITALFUNDING
FORTHEYEARENDEDJUNE30,2022
ANNUAL COMPREHENSIVE FINANCIAL REPORT 101
FinancialStatementClassification
ProjectAuthorization 490,000,000$
PriorYear'sRevenues Ͳ
PriorYear'sExpenditures 12,300
FundBalanceͲBeginningofYear (12,300)
EXPENDITURES
BusinessPartners
SchoolFacilities 47,262,576
TotalExpenditures 47,262,576
REVENUESOVER/(UNDER)EXPENDITURES (47,262,576)
FUNDBALANCEͲBEGINNINGOFYEAR (12,300)
FUNDBALANCEͲENDOFYEAR (47,274,876)$
CͲ8
MECKLENBURGCOUNTY,NORTHCAROLINA
STATEMENTOFREVENUES,EXPENDITURESANDCHANGESINFUNDBALANCE
2021ASCHOOLBONDS
FORTHEYEARENDEDJUNE30,2022
102 MECKLENBURG COUNTY, NORTH CAROLINA
Municipalities' Sherriff's
Taxes Trust Total
ASSETS
Cashandinvestments 4,696,148$1,021,762$5,717,910$
Taxesforothergovernments 19,041,259Ͳ19,041,259
Totalassets 23,737,4071,021,76224,759,169
LIABILITIES
Duetoothergovernmentalagencies 23,737,407Ͳ23,737,407
NETPOSITION
Restrictedfor:
Individualsandorganizations Ͳ1,021,7621,021,762
Totalnetposition Ͳ$1,021,762$1,021,762$
DͲ1
MECKLENBURGCOUNTY,NORTHCAROLINA
COMBININGSTATEMENTOFFIDUCIARYNETPOSITION
CUSTODIALFUNDS
JUNE30,2022
ANNUAL COMPREHENSIVE FINANCIAL REPORT 103
Municipalities' Sherriff's
Taxes Trust Total
ADDITIONS
Taxcollectionsforothergovernments 764,574,659$ Ͳ$764,574,659$
Collectionsonbehalfofbeneficiaries Ͳ7,067,3827,067,382
Totaladditions 764,574,6597,067,382771,642,041
DEDUCTIONS
Paymentsoftaxtoothergovernments 764,574,659 Ͳ764,574,659
Paymentstobeneficiaries Ͳ6,760,3786,760,378
Totaldeductions 764,574,6596,760,378771,335,037
Netincrease(decrease)infiduciarynetposition Ͳ307,004307,004
NetpositionͲbeginningofyear Ͳ714,758714,758
Beginningofyear Ͳ714,758714,758
NetpositionͲendofyear Ͳ$1,021,762$1,021,762$
MECKLENBURGCOUNTY,NORTHCAROLINA
COMBININGSTATEMENTOFCHANGESINFIDUCIARYNETPOSITION
CUSTODIALFUNDS
FORTHEYEARENDEDJUNE30,2022
DͲ2
104 MECKLENBURG COUNTY, NORTH CAROLINA
Variance
Positive/
Budget Actual (Negative)
REVENUES
Propertytaxes 250,335,478$250,335,478$ Ͳ$
Salestax 68,136,39981,283,11313,146,714
Intergovernmental 12,602,25421,477,9758,875,721
Interestoninvestments 1,000,000 (13,681,568)(14,681,568)
Other 1,126,134845,219(280,915)
Totalrevenues 333,200,265340,260,2177,059,952
EXPENDITURES
BoardofEducation
Debtservice
Principalpayments 121,198,955121,198,955 Ͳ
Interest 53,504,53849,361,7474,142,791
CentralPiedmontCommunityCollege
Debtservice
Principalpayments 11,273,56811,273,568 Ͳ
Interest 8,377,358 8,377,358 Ͳ
DebtService
Principalpayments 21,407,47721,407,477 Ͳ
Interest 6,519,3095,302,2651,217,044
Totalexpenditures 222,281,205216,921,3705,359,835
EXCESS(DEFICIENCY)OFREVENUESOVER
(UNDER)EXPENDITURES 110,919,060123,338,84712,419,787
OTHERFINANCINGSOURCES(USES)
Transferstootherfunds (110,919,060)(110,919,060)Ͳ
NETCHANGEINFUNDBALANCE Ͳ$12,419,78712,419,787$
FUNDBALANCEͲBEGINNINGOFYEAR 258,991,637
FUNDBALANCEͲENDOFYEAR 271,411,424$
EͲ1
MECKLENBURGCOUNTY,NORTHCAROLINA
SCHEDULEOFREVENUES,EXPENDITURESANDCHANGESINFUNDBALANCE
BUDGETANDACTUALͲDEBTSERVICEFUND
FORTHEYEARENDEDJUNE30,2022
ANNUAL COMPREHENSIVE FINANCIAL REPORT 105
Variance
Positive/
Budget Actual (Negative)
REVENUES
Intergovernmental 11,608,733$547,372$(11,061,361)$
Chargesforservices 20,873,03821,136,534263,496
Interestearnedoninvestments Ͳ(820,427)(820,427)
Other 782,714Ͳ(782,714)
Totalrevenues 33,264,48520,863,479(12,401,006)
EXPENDITURES
LandUseandEnvironmentalServices:
Stormwater 30,736,68911,618,14119,118,548
Debt:
Principal 52,49552,45639
Capitaloutlay 75,539,36517,167,03058,372,335
Totalexpenditures 106,328,54928,837,62777,490,922
OTHERFINANCINGSOURCES(USES)
Transfersin 74,171,389190,920(73,980,469)
Transfersout (1,107,325)(962,959)144,366
Totalotherfinancingsources(uses)73,064,064(772,039)(73,836,103)
REVENUESANDOTHERFINANCINGSOURCES
(USES)OVEREXPENDITURES Ͳ$(8,746,187)(8,746,187)$
FUNDBALANCEͲBEGINNINGOFYEAR 35,575,266
FUNDBALANCEͲENDOFYEAR 26,829,079$
FͲ1
MECKLENBURGCOUNTY,NORTHCAROLINA
SCHEDULEOFREVENUES,EXPENDITURES,ANDCHANGESINFUNDBALANCE
BUDGETANDACTUALͲSTORMWATERMANAGEMENTSPECIALREVENUEFUND
FORTHEYEARENDEDJUNE30,2022
106 MECKLENBURG COUNTY, NORTH CAROLINA
Variance
Positive/
Budget Actual (Negative)
REVENUES
LawEnforcementServiceDistricttaxes 19,504,934$20,847,166$1,342,232$
Interestearnedoninvestments Ͳ43,96743,967
Totalrevenues19,504,93420,891,1331,386,199
EXPENDITURES
PublicSafety 19,504,93418,130,6461,374,288
REVENUESOVER/(UNDER)EXPENDITURES Ͳ$2,760,4872,760,487$
FUNDBALANCEͲBEGINNINGOFYEAR 5,576,521
FUNDBALANCEͲENDOFYEAR8,337,008$
FͲ2
MECKLENBURGCOUNTY,NORTHCAROLINA
SCHEDULEOFREVENUES,EXPENDITURES,ANDCHANGESINFUNDBALANCE
BUDGETANDACTUALͲLAWENFORCEMENTSERVICEDISTRICTSSPECIALREVENUEFUNDS
FORTHEYEARENDEDJUNE30,2022
ANNUAL COMPREHENSIVE FINANCIAL REPORT 107
Variance
Positive/
Budget Actual (Negative)
REVENUES
TransitoneͲhalfcentsalestax 75,693,668$75,693,668$Ͳ$
EXPENDITURES
BusinessPartners 75,693,66875,693,668Ͳ
REVENUESOVEREXPENDITURES Ͳ$ͲͲ$
FUNDBALANCEͲBEGINNINGOFYEAR Ͳ
FUNDBALANCEͲENDOFYEAR Ͳ$
FͲ3
MECKLENBURGCOUNTY,NORTHCAROLINA
SCHEDULEOFREVENUES,EXPENDITURES,ANDCHANGESINFUNDBALANCE
BUDGETANDACTUALͲTRANSITONEͲHALFCENTSALESTAXSPECIALREVENUEFUND
FORTHEYEARENDEDJUNE30,2022
108 MECKLENBURG COUNTY, NORTH CAROLINA
Variance
Positive/
Budget Actual (Negative)
REVENUES
Intergovernmental1,532,341$1,942,487$410,146$
Interestearnedoninvestments Ͳ1,2281,228
Totalrevenues1,532,3411,943,715411,374
EXPENDITURES
LandUseandEnvironmentalServices 1,931,6631,931,663Ͳ
REVENUESOVER/(UNDER)EXPENDITURES (399,322)12,052411,374
OTHERFINANCINGSOURCES(USES)
Transfersin 399,322Ͳ(399,322)
REVENUESANDOTHERFINANCINGSOURCES
(USES)OVEREXPENDITURES Ͳ$12,05212,052$
FUNDBALANCEͲBEGINNINGOFYEAR 515,130
FUNDBALANCEͲENDOFYEAR527,182$
BUDGETANDACTUALͲSCRAPTIREDISPOSALSPECIALREVENUEFUND
FORTHEYEARENDEDJUNE30,2022
FͲ4
MECKLENBURGCOUNTY,NORTHCAROLINA
SCHEDULEOFREVENUES,EXPENDITURES,ANDCHANGESINFUNDBALANCE
ANNUAL COMPREHENSIVE FINANCIAL REPORT 109
Variance
Positive/
Budget Actual (Negative)
REVENUES
Intergovernmental632,061$314,294$(317,767)$
Interestearnedoninvestments Ͳ3,4223,422
Totalrevenues632,061317,716(314,345)
EXPENDITURES
LandUseandEnvironmentalServices 632,061632,061Ͳ
Totalexpenditures 632,061632,061Ͳ
REVENUESOVER/(UNDER)EXPENDITURES Ͳ$(314,345)(314,345)$
FUNDBALANCEͲBEGINNINGOFYEAR 484,922
FUNDBALANCEͲENDOFYEAR170,577$
FͲ5
MECKLENBURGCOUNTY,NORTHCAROLINA
SCHEDULEOFREVENUES,EXPENDITURES,ANDCHANGESINFUNDBALANCE
BUDGETANDACTUALͲDISCARDEDWHITEGOODSSPECIALREVENUEFUND
FORTHEYEARENDEDJUNE30,2022
110 MECKLENBURG COUNTY, NORTH CAROLINA
Project Prior Current Total
Authorizations Years Year toDate
REVENUES
Chargesforservices 13,228,076$13,213,053$742,502$13,955,555$
Interestearnedoninvestments ͲͲ12,96112,961
Totalrevenues13,228,07613,213,053755,46313,968,516
EXPENDITURES
LandUseandEnvironmentalServices 11,320,3449,919,996502,04510,422,041
Healthandhumanservices 1,907,7321,271,295Ͳ1,271,295
Totalexpenditures 13,228,07611,191,291502,04511,693,336
REVENUESOVER/(UNDER)EXPENDITURES Ͳ$2,021,762$253,4182,275,180$
FUNDBALANCEͲBEGINNINGOFYEAR 2,021,762
FUNDBALANCEͲENDOFYEAR2,275,180$
Actual
FͲ6
MECKLENBURGCOUNTY,NORTHCAROLINA
SCHEDULEOFREVENUES,EXPENDITURESANDCHANGESINFUNDBALANCE
BUDGETANDACTUALͲREGISTEROFDEEDSSPECIALREVENUEFUND
FROMINCEPTIONANDFORTHEYEARENDEDJUNE30,2022
ANNUAL COMPREHENSIVE FINANCIAL REPORT 111
Variance
Positive/
Budget Actual (Negative)
REVENUES
FireServicesDistricttaxes 8,597,135$9,152,710$555,575$
Interestearnedoninvestments Ͳ31,51931,519
Totalrevenues8,597,1359,184,229587,094
EXPENDITURES
PublicSafety 9,083,8268,722,470361,356
REVENUESOVER/(UNDER)EXPENDITURES (486,691)461,759948,450
OTHERFINANCINGSOURCES(USES)
Appropriatedfundbalance 486,691Ͳ(486,691)
REVENUESANDOTHERFINANCINGSOURCES
(USES)OVEREXPENDITURES Ͳ$461,759461,759$
FUNDBALANCEͲBEGINNINGOFYEAR 4,417,182
FUNDBALANCEͲENDOFYEAR4,878,941$
FͲ7
MECKLENBURGCOUNTY,NORTHCAROLINA
SCHEDULEOFREVENUES,EXPENDITURES,ANDCHANGESINFUNDBALANCE
BUDGETANDACTUALͲFIRESERVICEDISTRICTSSPECIALREVENUEFUNDS
FORTHEYEARENDEDJUNE30,2022
112 MECKLENBURG COUNTY, NORTH CAROLINA
Project Prior Current Total
REVENUES Authorizations Years Year toDate
Intergovernmental 755,694$4,057,113$952,762$5,009,875$
Interestearnedoninvestments ͲͲ32,46332,463
Totalrevenue 755,6944,057,113985,2255,042,338
EXPENDITURES
DetentionandCourtSupportServices 5,460,0083,237,7911,638,8714,876,662
CapitalOutlay 10,0009,980Ͳ9,980
Totalexpenditures 5,470,0083,247,7711,638,8714,886,642
REVENUESOVER/(UNDER)EXPENDITURES (4,714,314)809,342(653,646)155,696
OTHERFINANCINGSOURCES
TransfersIn 4,714,3144,714,314Ͳ4,714,314
REVENUESANDOTHERFINANCINGSOURCES
OVEREXPENDITURES Ͳ$5,523,656$(653,646)4,870,010$
FUNDBALANCEͲBEGINNINGOFYEAR 5,523,656
FUNDBALANCEͲENDOFYEAR4,870,010$
Actual
FͲ8
MECKLENBURGCOUNTY,NORTHCAROLINA
SCHEDULEOFREVENUES,EXPENDITURESANDCHANGESINFUNDBALANCE
BUDGETANDACTUALͲCHILDSUPPORTREINVESTMENTSPECIALREVENUEFUND
FROMINCEPTIONANDFORTHEYEARENDEDJUNE30,2022
ANNUAL COMPREHENSIVE FINANCIAL REPORT 113
Project Prior Current Total
Authorizations Years Year toDate
REVENUES
Intergovernmental 39,199,344$37,933,032$1,266,312$39,199,344$
EXPENDITURES
Administrativeservices 10,734,0119,535,3931,198,61810,734,011
Communityservices 3,021,3603,021,360 Ͳ3,021,360
Healthandhumanservices 25,443,97325,376,27967,69425,443,973
Totalexpenditures 39,199,34437,933,0321,266,31239,199,344
REVENUESOVER/(UNDER)EXPENDITURES Ͳ$Ͳ$ͲͲ$
FUNDBALANCEͲBEGINNINGOFYEAR Ͳ
FUNDBALANCEͲENDOFYEARͲ$
Actual
FͲ9
MECKLENBURGCOUNTY,NORTHCAROLINA
SCHEDULEOFREVENUES,EXPENDITURESANDCHANGESINFUNDBALANCE
BUDGETANDACTUALͲCORONAVIRUSRELIEFSPECIALREVENUEFUND
FROMINCEPTIONANDFORTHEYEARENDEDJUNE30,2022
114 MECKLENBURG COUNTY, NORTH CAROLINA
Project Prior Current Total
Authorizations Years Year toDate
REVENUES
Intergovernmental 8,174,653$6,775,690$1,398,963$8,174,653$
EXPENDITURES
Communityservices 8,174,6536,775,6901,398,9638,174,653
REVENUESOVER/(UNDER)EXPENDITURES Ͳ$Ͳ$ͲͲ$
FUNDBALANCEͲBEGINNINGOFYEAR Ͳ
FUNDBALANCEͲENDOFYEARͲ$
Actual
FͲ10
MECKLENBURGCOUNTY,NORTHCAROLINA
SCHEDULEOFREVENUES,EXPENDITURESANDCHANGESINFUNDBALANCE
BUDGETANDACTUALͲEMERGENCYRENTALASSISTANCESPECIALREVENUEFUND
FROMINCEPTIONANDFORTHEYEARENDEDJUNE30,2022
ANNUAL COMPREHENSIVE FINANCIAL REPORT 115
Project Prior Current Total
Authorizations Years Year toDate
REVENUES
Intergovernmental 5,361,286$Ͳ$2,144,514$2,144,514$
EXPENDITURES
Healthandhumanservices 5,361,286Ͳ2,144,5142,144,514
REVENUESOVER/(UNDER)EXPENDITURES Ͳ$Ͳ$ͲͲ$
FUNDBALANCEͲBEGINNINGOFYEAR Ͳ
FUNDBALANCEͲENDOFYEARͲ$
Actual
FͲ11
MECKLENBURGCOUNTY,NORTHCAROLINA
SCHEDULEOFREVENUES,EXPENDITURESANDCHANGESINFUNDBALANCE
BUDGETANDACTUALͲEMERGENCYRENTALASSISTANCE2SPECIALREVENUEFUND
FROMINCEPTIONANDFORTHEYEARENDEDJUNE30,2022
116 MECKLENBURG COUNTY, NORTH CAROLINA
Variance
Positive/
Budget Actual (Negative)
REVENUES
Chargesforservices 30,703,050$28,553,104$(2,149,946)$
LicensesandPermits 778,050721,800(56,250)
Other 18,90018,239(661)
Totalrevenues 31,500,00029,293,143(2,206,857)
EXPENDITURES
DetentionandCourtSupportServices 567,000515,40051,600
Healthandhumanservices 12,60011,775825
LandUseandEnvironmentalServices:30,920,40028,147,4592,772,941
Totalexpenditures 31,500,00028,674,6342,825,366
REVENUESOVER/(UNDER)EXPENDITURES Ͳ$618,509618,509$
FUNDBALANCEͲBEGINNINGOFYEAR 5,092,204
FUNDBALANCEͲENDOFYEAR 5,710,713$
FͲ12
MECKLENBURGCOUNTY,NORTHCAROLINA
SCHEDULEOFREVENUES,EXPENDITURES,ANDCHANGESINFUNDBALANCE
BUDGETANDACTUALͲFEECOLLECTIONFORSTATESPECIALREVENUEFUND
FORTHEYEARENDEDJUNE30,2022
ANNUAL COMPREHENSIVE FINANCIAL REPORT 117
Variance
Positive/
Budget Actual (Negative)
REVENUES
Intergovernmental 58,000$50,487$(7,513)$
EXPENDITURES
Healthandhumanservices 58,00057,683317
REVENUESOVER/(UNDER)EXPENDITURES Ͳ$(7,196)(7,196)$
FUNDBALANCEͲBEGINNINGOFYEAR 186,615
FUNDBALANCEͲENDOFYEAR 179,419$
FͲ13
MECKLENBURGCOUNTY,NORTHCAROLINA
SCHEDULEOFREVENUES,EXPENDITURES,ANDCHANGESINFUNDBALANCE
BUDGETANDACTUALͲREPRESENTATIVEPAYEESPECIALREVENUEFUND
FORTHEYEARENDEDJUNE30,2022
118 MECKLENBURG COUNTY, NORTH CAROLINA
Project Prior Current Total
Authorizations Years Year toDate
REVENUES
Intergovernmental 27,696,854$Ͳ$27,696,854$27,696,854$
EXPENDITURES
Healthandhumanservices 27,696,854Ͳ27,696,85427,696,854
REVENUESOVER/(UNDER)EXPENDITURES Ͳ$Ͳ$ͲͲ$
FUNDBALANCEͲBEGINNINGOFYEAR Ͳ
FUNDBALANCEͲENDOFYEARͲ$
Actual
FͲ14
MECKLENBURGCOUNTY,NORTHCAROLINA
SCHEDULEOFREVENUES,EXPENDITURES,ANDCHANGESINFUNDBALANCE
BUDGETANDACTUALͲSTATEEMERGENCYRENTALASSISTANCESPECIALREVENUEFUND
FROMINCEPTIONANDFORTHEYEARENDEDJUNE30,2022
ANNUAL COMPREHENSIVE FINANCIAL REPORT 119
Project Prior Current Total
Authorizations Years Year toDate
REVENUES
Intergovernmental 21,761,814$Ͳ$21,761,814$21,761,814$
EXPENDITURES
Healthandhumanservices 21,761,814Ͳ21,761,81421,761,814
REVENUESOVER/(UNDER)EXPENDITURES Ͳ$Ͳ$ͲͲ$
FUNDBALANCEͲBEGINNINGOFYEAR Ͳ
FUNDBALANCEͲENDOFYEARͲ$
Actual
FͲ15
MECKLENBURGCOUNTY,NORTHCAROLINA
SCHEDULEOFREVENUES,EXPENDITURES,ANDCHANGESINFUNDBALANCE
BUDGETANDACTUALͲSTATEEMERGENCYRENTALASSISTANCE2SPECIALREVENUEFUND
FROMINCEPTIONANDFORTHEYEARENDEDJUNE30,2022
120 MECKLENBURG COUNTY, NORTH CAROLINA
Project Prior Current Total
Authorizations Years Year toDate
REVENUES
Intergovernmental 107,836,818$Ͳ$9,634,155$9,634,155$
Interestearnedoninvestments Ͳ Ͳ(3,154,055)(3,154,055)
Totalrevenues107,836,818Ͳ6,480,1006,480,100
EXPENDITURES
Administrativeservices 2,134,058Ͳ144,926144,926
Communityservices ͲͲͲͲ
DetentionandCourtSupportServices 792,000Ͳ746,000746,000
Healthandhumanservices 67,513,245Ͳ7,885,1887,885,188
Businesspartners 705,015Ͳ700,799700,799
Capitaloutlay 36,692,500Ͳ157,242157,242
Totalexpenditures 107,836,818 Ͳ9,634,1559,634,155
REVENUESOVER/(UNDER)EXPENDITURES Ͳ$Ͳ$(3,154,055)(3,154,055)$
FUNDBALANCEͲBEGINNINGOFYEAR Ͳ
FUNDBALANCEͲENDOFYEAR(3,154,055)$
Actual
FͲ16
MECKLENBURGCOUNTY,NORTHCAROLINA
SCHEDULEOFREVENUES,EXPENDITURESANDCHANGESINFUNDBALANCE
BUDGETANDACTUALͲAMERICANRESCUEPLANACTSPECIALREVENUEFUND
FROMINCEPTIONANDFORTHEYEARENDEDJUNE30,2022
ANNUAL COMPREHENSIVE FINANCIAL REPORT 121
Variance
Positive/
BUDGET ACTUAL (Negative)
REVENUES
Residentialavailabiltyfees 18,625,861$19,487,992$862,131$
Recyclingsalesandtipfees 16,428,22116,098,166(330,055)
Other 2,599,5902,936,978337,388
Totalrevenues 37,653,67238,523,136869,464
EXPENDITURES
Personnelservicesandemployeebenefits 8,505,4528,505,452 Ͳ
Utilities 490,000189,464300,536
Supplies 1,801,4931,407,428394,065
Maintenanceandrepairs4,418,0003,448,407969,593
Rentalandoccupancycharges 3,766,5073,682,62383,884
Contractualservices 11,344,3247,140,2354,204,089
Postclosurereservecontribution 1,153,6001,153,600Ͳ
Totalexpenditures 31,479,37625,527,2095,952,167
EXCESSREVENUESOVEREXPENDITURES 6,174,29612,995,9276,821,631
OTHERFINANCINGSOURCES(USES)
Grantrevenue 27,26866,90039,632
Interestincome 203,277(859,830)(1,063,107)
Interestexpense (216,400)(186,425)29,975
Debtprincipal (965,000)(965,000) Ͳ
Saleoffixedassets ͲͲͲ
Transfersfromotherfunds ͲͲͲ
Transferstootherfunds (5,223,441)(5,223,441) Ͳ
Appropriatedfundbalance ͲͲͲ
Totalotherfinancingsources(uses) (6,174,296)(7,167,796)(993,500)
EXCESSREVENUESANDOTHERFINANCING
SOURCES(USES)OVEREXPENDITURES Ͳ$5,828,1315,828,131$
Reconciliationtofullaccrualbasis:
Currentyearexcess(deficiency)ofrevenuesandother
financingsources(uses)over(under)expenditures:
LandfillClosureandPostclosureReserveFund (420,736)
SpecialObligationBondFund 44
Depreciation (3,561,784)
ChangeindeferredoutflowsofresourcesͲpensions 297,267
Changeinnetpensionliability 1,817,999
ChangeindeferredinflowsofresourcesͲpensions (1,910,248)
Bondprincipal 965,000
Amortizationofpremium 68,302
Capitaloutlay 5,561,996
ChangeinnetpositionͲfullaccrualbasis 8,645,971$
GͲ1
MECKLENBURGCOUNTY,NORTHCAROLINA
SCHEDULEOFREVENUESANDEXPENSESͲBUDGET(MODIFIEDACCRUALBASIS)ANDACTUAL
SOLIDWASTEOPERATINGFUND
FORTHEYEARENDEDJUNE30,2022
122 MECKLENBURG COUNTY, NORTH CAROLINA
Project Prior Current Total
Authorizations Years Year toDate
REVENUES
Feesandcharges 3,100,000$3,670,812$ Ͳ$3,670,812$
Interestearnedoninvestments 2,552,8872,607,02771,0122,678,039
Other 808,8579,372 Ͳ9,372
Totalrevenues 6,461,7446,287,21171,0126,358,223
EXPENDITURES
Landfillconstruction 22,056,64216,540,404 Ͳ16,540,404
Landimprovements 50,906,68243,990,2476,916,43550,906,682
Finaldevelopmentandpostclosurecosts 10,051,8117,693,340Ͳ7,693,340
Totalexpenditures 83,015,13568,223,9916,916,43575,140,426
REVENUESOVER(UNDER)EXPENDITURES (76,553,391)(61,936,780)(6,845,423)(68,782,203)
OTHERFINANCINGSOURCES(USES)
Grantrevenue 8,000ͲͲͲ
Gain(loss)onsaleofcapitalassets 73,291784,39647,646832,042
OperatingtransferfromSolidWasteEnterpriseFund 75,951,68568,252,5556,377,04174,629,596
Appropriatedfundbalance 520,415ͲͲͲ
Totalotherfinancingsources(uses) 76,553,39169,036,9516,424,68775,461,638
EXCESSREVENUESANDOTHERFINANCING
SOURCES(USES)OVEREXPENDITURES Ͳ$7,100,171$(420,736)$6,679,435$
Actual
GͲ2
MECKLENBURGCOUNTY,NORTHCAROLINA
SCHEDULEOFREVENUESANDEXPENDITURES
BUDGETANDACTUAL(NONͲGAAP)
FROMINCEPTIONANDFORTHEYEARENDEDJUNE30,2022
LANDFILLCLOSUREANDPOSTCLOSURERESERVEFUND
ANNUAL COMPREHENSIVE FINANCIAL REPORT 123
Project Prior Current Total
Authorizations Years Year toDate
REVENUES
Interestearnedoninvestments 8,990$13,744$44$13,788$
EXPENDITURES
Landfillconstruction 9,773,1089,701,219 Ͳ9,701,219
Landfillequipment 3,255,1323,255,131Ͳ3,255,131
Totalexpenditures 13,028,24012,956,350Ͳ12,956,350
REVENUESOVER(UNDER)EXPENDITURES (13,019,250)(12,942,606)44(12,942,562)
OTHERFINANCINGSOURCES(USES)
Specialobligationbondsissued 13,000,00012,220,000 Ͳ12,220,000
Premiumonbondsissued 244,5281,024,527 Ͳ1,024,527
Bonddiscountsandfees (225,278)(225,278)Ͳ(225,278)
Totalotherfinancingsources(uses) 13,019,25013,019,249Ͳ13,019,249
EXCESSREVENUESANDOTHERFINANCING
SOURCES(USES)OVEREXPENDITURES Ͳ$76,643$44$76,687$
Actual
GͲ3
MECKLENBURGCOUNTY,NORTHCAROLINA
SCHEDULEOFREVENUESANDEXPENDITURES
BUDGETANDACTUAL(NONͲGAAP)
FROMINCEPTIONANDFORTHEYEARENDEDJUNE30,2022
SPECIALOBLIGATIONBONDFUND
124 MECKLENBURG COUNTY, NORTH CAROLINA
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INTERNAL SERVICE FUNDS
ANNUAL COMPREHENSIVE FINANCIAL REPORT 125
Employee Risk
Benefits Management Total
ASSETS
CurrentAssets
Cashandinvestments 49,372,556$26,167,338$75,539,894$
Interestreceivable 89,98417,563107,547
Accountsreceivable 892,018110,3111,002,329
Duefromotherfunds 2,508,419Ͳ2,508,419
TOTALASSETS 52,862,97726,295,21279,158,189
LIABILITIES
CurrentLiabilities
Accountspayableandaccruedliabilities 23,101,58310,132,92033,234,503
Totalcurrentliabilities 23,101,58310,132,92033,234,503
LongͲtermLiabilities
Duetootherfunds ͲͲͲ
TOTALLIABILITIES 23,101,58310,132,92033,234,503
NETPOSITION
Unrestricted 29,761,39416,162,29245,923,686
TOTALNETPOSITION 29,761,394$16,162,292$45,923,686$
HͲ1
MECKLENBURGCOUNTY,NORTHCAROLINA
COMBININGSTATEMENTOFNETPOSITION
INTERNALSERVICEFUNDS
JUNE30,2022
126 MECKLENBURG COUNTY, NORTH CAROLINA
Employee Risk
Benefits Management Total
OPERATINGREVENUES
Chargesforservices 101,237,176$6,598,922$107,836,098$
Other 13,687,296Ͳ13,687,296
Totalrevenues 114,924,4726,598,922121,523,394
OPERATINGEXPENSES
Claims,insurancepremiumsandfees 120,558,80416,529,348137,088,152
Totalexpenditures 120,558,80416,529,348137,088,152
OPERATINGINCOME (5,634,332)(9,930,426)(15,564,758)
NONͲOPERATINGREVENUES
Interestincome (1,410,080)(907,282)(2,317,362)
NETINCOME(LOSS) (7,044,412)(10,837,708)(17,882,120)
TRANSFERSIN Ͳ27,000,00027,000,000
Changeinnetposition (7,044,412)16,162,2929,117,880
NetpositionͲbeginningofyear 24,987,952 Ͳ24,987,952
Restatement 11,817,854Ͳ11,817,854
NetpositionͲbeginningofyear,restated 36,805,806Ͳ36,805,806
NetpositionͲendofyear 29,761,394$16,162,292$45,923,686$
MECKLENBURGCOUNTY,NORTHCAROLINA
HͲ2
COMBININGSTATEMENTOFREVENUES,EXPENSESANDCHANGESINNETPOSITION
INTERNALSERVICEFUNDS
FORTHEYEARENDEDJUNE30,2022
ANNUAL COMPREHENSIVE FINANCIAL REPORT 127
Employee Risk
Benefits Management Total
CASHFLOWSFROMOPERATINGACTIVITIES
Cashreceivedfromusers 113,551,453$6,488,611$120,040,064$
Cashpaidtosuppliers (116,352,896)(6,396,428)(122,749,324)
Netcashprovidedbyoperatingactivities (2,801,443)92,183(2,709,260)
CASHFLOWSFROMNONͲCAPITALFINANCINGACTIVITIES
Transfers Ͳ27,000,00027,000,000
CASHFLOWFROMINVESTINGACTIVITIES
Interestreceived (1,500,064)(924,845)(2,424,909)
CHANGEINCASHANDINVESTMENTS (4,301,507)26,167,33821,865,831
CASHANDINVESTMENTSͲBEGINNINGOFYEAR 53,674,063Ͳ53,674,063
CASHANDINVESTMENTSͲENDOFYEAR 49,372,556$26,167,338$75,539,894$
ReconciliationofOperatingIncometoNetCashProvidedbyOperatingActivities
OperatingIncome (5,634,332)$(9,930,426)$(15,564,758)$
Adjustmentstoreconcileoperatingincometonetcashprovidedbyoperatingactivities:
Changeinaccountsreceivable 1,135,400(110,311)1,025,089
Changeinduefromotherfunds (2,508,419) Ͳ(2,508,419)
Changeinaccountspayable 4,205,90810,132,92014,338,828
Totaladjustments 2,832,88910,022,60912,855,498
Netcashprovidedbyoperatingactivities (2,801,443)$92,183$(2,709,260)$
FORTHEYEARENDEDJUNE30,2022
INTERNALSERVICEFUNDS
HͲ3
MECKLENBURGCOUNTY,NORTHCAROLINA
COMBININGSTATEMENTOFCASHFLOWS
This page left blank intentionally
StatisticalMECKLENBURG COUNTY • NORTH CAROLINA
STATISTICAL
The tables in this section provide additional
information regarding the County’s financial
performance and position over time.
ANNUAL COMPREHENSIVE FINANCIAL REPORT 129
StatisticalSection


TheStatisticalSectionpresentsdetailedinformationfortheprimarygovernmentinthefollowingareas,asacontext
forunderstandingwhattheinformationintheFinancialSectionpresentsabouttheCounty’soverallfinancialhealth:


FINANCIALTRENDS–Tables1through5:InformationtohelpthereaderunderstandhowtheCounty’s
financialperformanceandwellͲbeinghavechangedovertime.

REVENUECAPACITY–Tables6through11:InformationtohelpthereaderassesstheCounty’smost
significantlocalrevenuesources.

DEBTCAPACITY–Tables12through17:Informationtohelpthereaderassesstheaffordabilityofthe
County’scurrentlevelsofoutstandingdebtandtheCounty’sabilitytoissueadditionaldebtinthefuture.

DEMOGRAPHICANDECONOMICDATA–Tables18and19:Indicatorstohelpthereaderunderstandthe
environmentwithinwhichtheCounty’sfinancialactivitiestakeplace.

OPERATIONALINFORMATION–Tables20through22:Serviceandinfrastructuredatatohelpthereader
understandhowtheinformationintheCounty’sfinancialreportrelatestotheservicestheCountyprovides
andtheactivitiesitperforms.

Wherepossible,thetablescovertenyearsofdata,andanydatapresentedthatistakenfromoutsidetheCounty’s
financialrecordsnotesthesourceofthatdata.
130 MECKLENBURG COUNTY, NORTH CAROLINATABLE1MECKLENBURGCOUNTY,NORTHCAROLINANETPOSITIONBYCOMPONENTFISCALYEARENDEDJUNE30,2022(AccrualBasisofAccounting)2022 2021 2020 2019 2018 2017 2016 2015 2014 2013GovernmentalActivitiesNetinvestmentincapitalassets 1,274,244,490$1,185,682,713$1,085,482,253$1,026,149,947$962,427,445$865,921,437$812,302,095$719,935,112$644,429,509$582,274,527$Restricted 221,564,287358,107,487456,623,897423,360,058374,408,540359,084,430337,817,155203,973,702227,558,990242,215,059Unrestricted (1,131,335,818)(1,333,846,174)(1,402,252,906)(1,312,009,720)(1,310,003,379)(933,029,099)(961,530,958)(898,763,450)(880,212,786)(994,261,044)TotalGovernmentalActivities 364,472,959209,944,026139,853,244137,500,28526,832,606291,976,768188,588,29225,145,364(8,224,287)(169,771,458)BusinessͲtypeActivitiesNetinvestmentincapitalassets 78,832,46875,798,91072,716,50871,055,51366,420,09864,133,92353,784,03149,138,97451,059,08850,935,215Restricted 1,763,440832,594220,090212,672205,638300,491370,6171,150,4806,338,3105,666,805Unrestricted 28,904,08823,768,69219,792,04317,941,66520,705,88318,652,62625,512,27326,881,04326,375,93221,620,837TotalBusinessͲtypeActivities 109,499,996100,400,19692,728,64189,209,85087,331,61983,087,04079,666,92177,170,49783,773,33078,222,857PrimaryGovernmentNetinvestmentincapitalassets 1,353,076,9581,261,481,6231,158,198,7611,097,205,4601,028,847,543930,055,360866,086,126769,074,086695,488,597633,209,742Restricted 223,327,727358,940,081456,843,987423,572,730374,614,178359,384,921338,187,772205,124,182233,897,300247,881,864Unrestricted (1,102,431,730)(1,310,077,482)(1,382,460,863)(1,294,068,055)(1,289,297,496)(914,376,473)(936,018,685)(871,882,407)(853,836,854)(972,640,207)TotalPrimaryGovernment473,972,955$310,344,222$232,581,885$226,710,135$114,164,225$375,063,808$268,255,213$102,315,861$75,549,043$(91,548,601)$
ANNUAL COMPREHENSIVE FINANCIAL REPORT 1312022202120202019201820172016201520142013Expenses:GovernmentalActivities:CustomerSatisfactionandManagementServices 29,567,759$22,806,322$24,596,539$23,224,749$24,687,580$19,141,467$21,258,714$17,064,982$15,100,191$13,609,321$AdministrativeServices 229,337,768172,201,206128,313,240124,498,490102,099,819110,141,456106,467,505110,753,60386,252,30585,575,766FinancialServices 27,425,26023,038,59624,469,18822,450,98422,342,70823,057,37621,607,87030,607,46320,249,7587,458,198LandUseandEnvironmentalServices 124,689,891102,047,62378,068,56773,545,70971,066,29765,918,37758,072,22748,084,99658,463,50256,500,219CommunityServices 135,682,410130,166,889120,880,10793,819,317108,211,01379,797,99872,909,03769,097,10965,201,30166,071,031DetentionandCourtSupportServices 166,584,339176,768,598188,553,598179,938,208177,612,992159,438,983144,127,556150,145,826151,527,626147,860,118HealthandHumanServices398,546,271312,989,177298,963,419269,023,506267,812,560288,719,886275,613,106261,478,205238,682,886254,559,254BusinessPartners 966,291,840986,893,485902,955,152797,032,880739,369,736702,298,916681,284,676649,587,004596,592,681549,689,692InterestonlongͲtermdebt:Generalpurpose4,988,2649,634,41611,029,15513,445,07612,747,01312,506,31613,644,04818,640,14516,520,54428,612,761Publicschools56,544,00954,299,00355,226,50351,797,67652,402,11446,601,30743,937,13342,241,85548,518,12467,659,709TotalGovernmentalActivitiesExpenses2,139,657,8111,990,845,3151,833,055,4681,648,776,5951,578,351,8321,507,622,0821,438,921,8721,397,701,1881,297,108,9181,277,596,069BusinessͲtypeActivities:SolidWaste 29,038,11032,058,23730,563,61525,169,68720,694,77618,067,15515,593,57614,748,60014,568,48313,811,381MeckLinkͲͲͲͲͲͲͲ(3,316,258)183,627,24686,953,809TotalPrimaryGovernmentExpenses2,168,695,9212,022,903,5521,863,619,0831,673,946,2821,599,046,6081,525,689,2371,454,515,4481,409,133,5301,495,304,6471,378,361,259ProgramRevenues:GovernmentalActivities:ChargesforservicesCustomerSatisfactionandManagementServicesͲͲͲͲͲͲ510,6383,216 Ͳ ͲAdministrativeServices 137,928,47661,181,2962,101,0302,166,2991,985,2912,206,4121,799,8682,698,4492,217,3602,280,690FinancialServices 2,653,6061,899,1882,203,4442,516,924Ͳ736,936181,274193,675296,9229,013LandUseandEnvironmentalServices 135,456,523110,261,77582,237,50277,524,33374,796,13171,257,38365,251,44260,995,95755,889,88353,034,595CommunityServices 10,458,8314,252,4385,877,5997,605,3627,374,3577,122,0186,799,8456,043,0866,214,9316,202,031DetentionandCourtSupportServices 31,233,92740,888,48232,727,43731,923,25626,448,34520,336,47722,391,27821,971,95430,519,67631,619,904HealthandHumanServices 12,893,6037,473,9538,132,5888,090,0847,833,2847,220,0486,865,4136,960,4334,930,4608,814,650BusinessPartners 2,084,1722,050,8244,939,0152,709,5364,865,5604,838,7757,004,5263,762,4135,474,5995,372,084Operatinggrantsandcontributions 232,632,735182,686,620160,785,973139,155,747147,073,689181,004,830177,652,260170,925,841163,398,011166,068,948Capitalgrantsandcontributions780,03716,490,912866,41711,047,89182,4961,032,3113,371,6083,769,8891,137,5012,745,772TotalGovernmentalActivitiesProgramRevenues566,121,910427,185,488299,871,005282,739,432270,459,153295,755,190291,828,152277,324,913270,079,343276,147,687BusinessͲtypeActivitiesChargesforservices 38,523,13638,393,87233,413,95826,704,04624,347,63919,330,75815,626,43814,001,06713,014,52611,583,782Operatinggrantsandcontributions 66,900Ͳ57,814120,873130,840137,070150,8542,326,933178,172,09679,795,933CapitalgrantsandcontributionsͲ436,439Ͳ238,710Ͳ9,660932,27331,585 Ͳ313,996TotalBusinessͲtypeActivitiesProgramRevenues38,590,03638,830,31133,471,77227,063,62924,478,47919,477,48816,709,56516,359,585191,186,62291,693,711TotalPrimaryGovernmentProgramRevenues604,711,946466,015,799333,342,777309,803,061294,937,632315,232,678308,537,717293,684,498461,265,965367,841,398NetExpenseGovernmentalactivities (1,573,535,901)(1,563,659,827)(1,533,184,463)(1,366,037,163)(1,307,892,679)(1,211,866,892)(1,147,093,720)(1,120,376,275)(1,027,029,575)(1,001,448,382)BusinessͲtypeactivities9,551,9266,772,0742,908,1571,893,9423,783,7031,410,3331,115,9894,927,243(7,009,107)(9,071,479)TotalPrimaryGovernmentNetExpense(1,563,983,975)(1,556,887,753)(1,530,276,306)(1,364,143,221)(1,304,108,976)(1,210,456,559)(1,145,977,731)(1,115,449,032)(1,034,038,682)(1,010,519,861)GeneralRevenuesGovernmentalActivitiesPropertytaxes,generalpurpose 1,210,782,5021,178,868,5571,147,192,6291,071,206,9761,035,549,2321,009,151,475996,675,822881,138,633950,558,851927,867,539Propertytaxes,LawEnforcementServiceDistrict 20,750,90719,708,64418,675,68917,160,66516,991,29415,979,42114,740,40113,655,46513,268,01812,685,826Propertytaxes,FireServiceDistricts 9,152,3407,995,6636,730,9895,966,3205,820,1164,948,1404,126,2644,027,3183,969,9153,255,447Salestaxes 426,361,803354,919,861319,765,707316,323,662302,427,698273,203,630272,425,706249,763,851225,404,175210,807,483Othertaxes 19,882,10119,125,04414,063,85914,803,00216,949,71115,389,00015,514,69913,671,35915,107,73111,274,042Investmentearnings (40,207,452)1,106,89127,547,10941,772,7009,625,3904,957,5126,921,7715,327,92910,919,329(4,207,591)Miscellaneous 430,397822,3311,561,4398,776,5171,038,5391,632,933131,985 Ͳ Ͳ ͲTransfersͲͲͲ695,0006,690ͲͲ12,980,816(10,543,650)(8,826,133)TotalGovernmentalActivitiesGeneralRevenues1,647,152,5981,582,546,9911,535,537,4211,476,704,8421,388,408,6701,325,262,1111,310,536,6481,180,565,3711,208,684,3691,152,856,613BusinessͲtypeActivitiesInvestmentearnings (788,774)193,119610,634679,289467,566192,375223,689197,320178,343155,445Gainonsaleofcapitalassets 47,646ͲͲͲͲͲͲͲͲͲMiscellaneousͲͲͲͲͲ1,817,4111,156,7461,649,8971,837,5872,305,470TransfersͲͲͲ(695,000)(6,690)ͲͲ(12,980,816)10,543,6508,826,133TotalBusinessͲtypeActivitiesGeneralRevenues(741,128)193,119610,634(15,711)460,8762,009,7861,380,435(11,133,599)12,559,58011,287,048TotalPrimaryGovernmentGeneralRevenues1,646,411,4701,582,740,1101,536,148,0551,476,689,1311,388,869,5461,327,271,8971,311,917,0831,169,431,7721,221,243,9491,164,143,661ChangeinNetPositionGovernmentalActivities 73,616,69718,887,1642,352,958110,667,67980,515,991113,395,219163,442,92860,189,096181,654,794151,408,231BusinessͲtypeActivities8,810,7986,965,1933,518,7911,878,2314,244,5793,420,1192,496,424(6,206,356)5,550,4732,215,569TotalPrimaryGovernmentChangeinNetPosition82,427,495$25,852,357$5,871,749$112,545,910$84,760,570$116,815,338$165,939,352$53,982,740$187,205,267$153,623,800$TABLE2MECKLENBURGCOUNTY,NORTHCAROLINACHANGEINNETPOSITIONFORTHEYEARENDEDJUNE30,2022(AccrualBasisofAccounting)
132 MECKLENBURG COUNTY, NORTH CAROLINATABLE3MECKLENBURGCOUNTY,NORTHCAROLINAFUNDBALANCES,GOVERNMENTALFUNDSLASTTENFISCALYEARS(ModifiedAccrualBasisofAccounting)AllGovernmentalFundsJune30 Restricted Committed Assigned Unassigned Total Restricted Committed Unassigned Total Total2022 212,954,390$132,034,661$ Ͳ$319,088,450$664,077,501$7,189,261$518,143,632$(50,428,931)$474,903,962$1,138,981,463$2021 180,518,392138,392,936 Ͳ302,101,657621,012,985353,287,058342,679,909(16,996,602)678,970,3651,299,983,3502020 132,265,22395,317,902 Ͳ268,611,773496,194,898333,633,668386,371,704(13,582,467)706,422,9051,202,617,8032019 127,112,593119,987,879 Ͳ258,915,908506,016,380320,088,797378,272,400(37,375,387)660,985,8101,167,002,1902018 128,902,50037,019,547 Ͳ344,676,112510,598,159248,274,077329,662,803(15,054,023)562,882,8571,073,481,0162017 105,068,37424,824,799 Ͳ371,489,272501,382,445257,041,864245,950,688(42,052,990)460,939,562962,322,0072016 110,500,26024,867,389 Ͳ366,169,614501,537,263238,996,471166,695,218(108,184,314)297,507,375799,044,6382015 97,531,24320,150,907 Ͳ356,468,709474,150,859121,346,835274,662,747(24,182,979)371,826,603845,977,4622014100,046,25015,222,605519,946402,847,214518,636,015141,494,034216,998,136(48,689,831)309,802,339828,438,3542013 84,973,50628,800,680 Ͳ354,465,116468,239,302157,241,553173,944,936(12,937,225)318,249,264786,488,566GeneralFund AllOtherGovernmentalFunds
ANNUAL COMPREHENSIVE FINANCIAL REPORT 1332022202120202019201820172016201520142013REVENUESTaxes 1,574,284,326$1,485,867,990$1,408,619,718$1,337,893,514$1,291,686,043$1,239,229,655$1,229,531,171$1,115,100,515$1,136,661,966$1,100,151,006$LawEnforcementServiceDistricttaxes 20,847,16619,868,96818,581,05517,315,44817,131,10616,056,96114,845,20313,374,74413,487,08313,115,502TransitOneͲHalfCentsalestax 75,693,66863,330,79658,570,08758,381,11655,915,98150,212,88948,539,99943,903,75438,554,91335,931,007FireServiceDistrictstaxes 9,152,7108,003,3586,670,4705,964,5955,811,8714,949,8414,124,3874,027,3183,969,9143,255,447Licensesandpermits 45,579,99040,306,83236,634,39633,421,00832,691,25831,023,53028,337,56625,038,36624,130,66020,886,622Intergovernmental 238,679,347183,751,475163,287,866140,052,388147,315,095182,663,399178,842,625171,356,866165,345,703170,886,890Chargesforservices 142,185,552123,100,51892,420,78791,446,92083,921,22175,834,58773,865,38771,972,57374,892,27578,538,631Interestearnedoninvestments (37,890,091)1,106,89127,547,11041,772,7009,625,3904,957,5126,921,7715,327,92910,919,330(4,190,511)Administrativecharges 10,048,7098,725,4673,598,4292,535,8832,498,7812,524,6702,503,9732,553,2613,004,0072,544,040Other 13,752,65311,140,31413,991,87113,349,69115,705,46613,266,67416,122,08616,463,79914,660,17612,150,675TotalRevenues 2,092,334,0301,945,202,6091,829,921,7891,742,133,2631,662,302,2121,620,719,7181,603,634,1681,469,119,1251,485,626,0271,433,269,309EXPENDITURESCurrentCustomerSatisfactionandManagement 23,482,31221,595,99422,599,65021,824,54524,626,61318,974,48521,370,08017,273,00015,061,88513,587,103AdministrativeServices 141,102,803133,618,637125,449,562109,708,00890,355,70792,315,03690,514,61099,644,15779,062,55772,332,559FinancialServices 19,563,09418,395,30717,989,75117,804,73517,458,89717,758,68916,827,54315,403,57715,721,31417,336,544LandUseandEnvironmentalServices 110,902,38693,229,71069,287,63868,291,23568,819,36966,456,86660,284,00353,039,06461,657,47355,717,155CommunityServices 94,533,54495,135,02493,735,98179,426,32076,945,54672,839,63169,180,30465,704,85660,500,44861,255,426DetentionandCourtSupportServices 152,620,472145,784,447158,691,660154,056,749145,417,680139,614,175130,709,462140,286,079136,726,616133,529,202HealthandHumanServices 400,824,908293,416,867279,755,604262,577,479264,849,818283,313,374276,155,854265,275,622236,341,847252,497,144BusinessPartners 682,194,149655,387,785628,578,344575,963,916541,265,468520,601,624512,870,644490,934,310465,494,098438,392,562PublicSafety 26,853,11624,611,89823,586,01521,321,94923,151,53120,938,78519,108,28117,387,9453,097,8493,199,990DebtServicePrincipalpayments 153,932,456149,072,456144,307,456135,667,457152,914,954157,572,456171,022,456157,847,456149,392,456160,214,871Interestandfiscalcharges 63,041,37063,262,13465,363,88564,916,12064,056,95758,989,95559,803,51662,944,22567,275,88496,272,470Capitaloutlay 391,399,217455,872,095395,896,640317,655,956329,341,198236,475,476223,435,762191,778,251148,693,477138,813,366TotalExpenditures 2,260,449,8272,149,382,3542,025,242,1861,829,214,4691,799,203,7381,685,850,5521,651,282,5151,577,518,5421,439,025,9041,443,148,392EXCESS(DEFICIENCY)OFREVENUESOVER(UNDER)EXPENDITURES (168,115,797)(204,179,745)(195,320,397)(87,081,206)(136,901,526)(65,130,834)(47,648,347)(108,399,417)46,600,123(9,879,083)OTHERFINANCINGSOURCES(USES)RefundingbondproceedsͲͲͲͲ119,135,000148,565,000 Ͳ120,025,000 Ͳ227,930,000PremiumonfinancingͲ32,012,10030,467,60012,231,52538,887,47351,686,343 Ͳ34,292,149 Ͳ68,725,994PaymenttorefundingescrowagentͲͲͲͲ(136,306,674)(174,045,041) Ͳ(141,959,892) Ͳ(268,657,051)SaleofbondsͲ225,000,000200,000,000150,000,000225,000,000200,000,000 Ͳ100,000,000 Ͳ100,000,000Gainonsaleoffixedassets 576,129965,610468,4109,191,2531,338,0462,201,901715,523600,452893,315184,246Leasefinancing 3,539,100ͲͲ8,484,602ͲͲͲͲͲͲInstallmentfinancingͲͲͲͲͲͲͲͲ5,000,000500,000Transfersin 169,603,103135,671,673193,907,199213,481,312133,297,448173,077,440122,274,497116,219,44053,781,39861,620,800Transfersout (196,603,103)(135,671,673)(193,907,199)(212,786,312)(133,290,758)(173,077,440)(122,274,497)(103,238,624)(64,325,048)(70,446,933)TotalOtherFinancingSources(Uses) (22,884,771)257,977,710230,936,010180,602,380248,060,535228,408,203715,523125,938,525(4,650,335)119,857,056NETCHANGEINFUNDBALANCES (191,000,568)53,797,96535,615,61393,521,174111,159,009163,277,369(46,932,824)17,539,10841,949,788109,977,973FUNDBALANCEͲBEGINNINGOFYEAR 1,299,983,3501,202,617,8031,131,603,1631,073,481,016962,322,007799,044,638845,977,462828,438,354786,488,566676,510,593RESTATEMENT29,998,68143,567,582ͲͲͲͲͲͲͲͲFUNDBALANCEͲBEGINNINGOFYEAR,RESTATED 1,329,982,0311,246,185,385FUNDBALANCEͲENDOFYEAR 1,138,981,463$1,299,983,350$1,167,218,776$1,167,002,190$1,073,481,016$962,322,007$799,044,638$845,977,462$828,438,354$786,488,566$DebtserviceasapercentageofnonͲcapitalexpenditures 10.26%10.43%10.87%11.53%12.77%13.46%14.68%14.49%15.30%18.14%TABLE4MECKLENBURGCOUNTY,NORTHCAROLINACHANGESINFUNDBALANCES,GOVERNMENTALFUNDSLASTTENFISCALYEARS(ModifiedAccrualBasisofAccounting)
134 MECKLENBURG COUNTY, NORTH CAROLINATABLE5MECKLENBURGCOUNTY,NORTHCAROLINAGOVERNMENTALTAXREVENUEBYSOURCELASTTENFISCALYEARS2022 2021 2020 2019 2018 2017 2016 2015 2014 2013TaxRevenuesGeneralProperty 1,215,034,243$1,182,085,052$1,141,123,386$1,072,174,309$1,037,927,575$1,009,380,162$999,279,833$903,206,824$944,647,226$ 920,532,965$Sales 350,668,135291,589,065261,195,620257,942,546246,511,717222,990,741223,885,707205,860,097186,849,262174,876,476RoomOccupancy 1,590,256753,2421,183,9791,594,6311,493,6131,344,6661,269,4521,136,2171,021,1671,000,939VehicleRental 4,942,7663,362,5513,502,3974,319,8584,060,8703,902,2083,769,0263,739,2633,334,2223,013,091Other 2,048,9268,078,0801,614,3361,862,1701,692,2681,611,8781,327,1531,158,114810,089727,535TotalTaxRevenues 1,574,284,326$1,485,867,990$1,408,619,718$1,337,893,514$1,291,686,043$1,239,229,655$1,229,531,171$1,115,100,515$1,136,661,966$1,100,151,006$
ANNUAL COMPREHENSIVE FINANCIAL REPORT 135TABLE6MECKLENBURGCOUNTY,NORTHCAROLINAANALYSISOFCURRENTTAXLEVYFORTHEYEARENDEDJUNE30,2022TotalLevyPropertyExcludingCountywide Registered RegisteredPropertyAmount MotorMotorValuation Rate ofLevyVehicles VehiclesOriginalLevy:Propertytaxedatcurrentyear'srate183,017,127,097$0.6169$1,129,032,657$1,129,032,657$ Ͳ$Motorvehicles12,155,051,4510.616974,984,512 Ͳ74,984,512Total 195,172,178,5481,204,017,1691,129,032,65774,984,512Discoveries:Prioryeartaxes698,720,850Various 6,116,5546,116,554 ͲPenaltiesͲ1,407,2781,407,278 ͲTotal 698,720,8507,523,8327,523,832 ͲTotalpropertyvaluation195,870,899,398$Netlevy1,211,541,0011,136,556,48974,984,512UncollectedtaxesatJune30,2022(6,192,320)(6,192,320) ͲCurrentyear'staxescollected1,205,348,681$1,130,364,169$74,984,512$Currentnetlevycollectionpercentage99.49% 99.46% 100.00%NOTE:Thetaxlevyisnetofrebates
136 MECKLENBURG COUNTY, NORTH CAROLINAUncollected UncollectedBeginning CollectionsEndingFiscalyearBalanceAdditionsandCreditsBalance2021Ͳ2022Ͳ$1,211,541,001$1,205,348,681$6,192,320$2020Ͳ2021 8,992,590Ͳ5,887,8543,104,7362019Ͳ2020 5,275,271Ͳ2,591,5922,683,6792018Ͳ2019 2,086,520Ͳ403,5181,683,0022017Ͳ2018 1,607,687Ͳ227,1911,380,4962016Ͳ2017 2,427,870Ͳ201,2952,226,5752015Ͳ2016 999,321Ͳ122,413876,9082014Ͳ2015 1,057,176Ͳ110,463946,7132013Ͳ2014 1,981,974Ͳ101,9701,880,0042012Ͳ2013 2,233,064Ͳ96,7212,136,3432011Ͳ2012 2,103,158Ͳ2,103,158Ͳ28,764,631$1,211,541,001$1,217,194,856$23,110,776$Revenuereconciliation:GeneralpropertyͲcurrentͲGeneralFund955,013,204$GeneralpropertyͲpriorͲGeneralFund6,712,604GeneralpropertyͲcurrentͲDebtServiceFund250,335,478Reconcilingitems:Propertytaxrefunds3,102,449Taxeswrittenoff2,031,1211,217,194,856$TABLE7MECKLENBURGCOUNTY,NORTHCAROLINASCHEDULEOFADVALOREMTAXESRECEIVABLEFORTHEYEARENDEDJUNE30,2022
ANNUAL COMPREHENSIVE FINANCIAL REPORT 137TABLE8MECKLENBURGCOUNTY,NORTHCAROLINAASSESSEDANDESTIMATEDACTUALVALUEOFTAXABLEPROPERTY(1)LASTTENFISCALYEARS(INMILLIONS)FiscalYearTotal DirectEnded Real Personal State Assessed TaxJune30, Property Property Certifications Valuation(2) Rate2022 165,396.1$25,082.4$5,392.3$195,870.8$0.61692021 162,009.124,119.35,442.1191,570.50.61692020 (3) 157,685.022,640.15,230.7185,555.80.61692019 104,746.421,016.44,279.4130,042.20.82322018 102,261.020,131.64,613.0127,005.60.81572017 100,015.219,282.84,623.5123,921.50.81572016 (4) 97,328.518,741.04,982.3121,051.80.81572015 (4) 95,216.517,979.03,928.8117,124.30.81572014 (4) 93,527.217,873.53,569.4114,970.10.81572013 (4) 92,571.814,570.73,430.4110,572.90.7922NOTES: (1) Assessedvaluationsarebasedon100%ofestimatedmarketvalueforrealpropertyand100%ofactualvalueforallotherproperty.ArevaluationofrealpropertyisrequiredbyNorthCarolinaGeneralStatutesatleasteveryeightyears.(2) Assessedvaluationequalsestimatedactualvalue,whichapproximatesmarketvaluewithcertainstatutoryadjustmentsorexclusionsforhistoricproperties,elderlyanddisabledpropertyowners,andbuilder'sinventory(3) RevaluationbasedonassessedvaluelistedasofJanuary1,2019(4) RestatedbasedoneffectsofSL362,2012oneͲtimechargeforpriorauditsinbusinesspersonalproperty,shiftoftagandtaxtothestate,andStateCertifiedPropertiesadjustment
138 MECKLENBURG COUNTY, NORTH CAROLINATABLE9MECKLENBURGCOUNTY,NORTHCAROLINAPROPERTYTAXRATESPER$100ASSESSEDVALUATIONDIRECTANDOVERLAPPINGGOVERNMENTSLASTTENFISCALYEARSFiscalYearEnded MecklenburgJune30, County Charlotte Cornelius Davidson Huntersville Matthews MintHill Pineville2022 0.61690.34810.22200.29000.24000.29500.25500.33002021 0.61690.34810.22200.29000.24000.28000.25500.33002020 (1) 0.61690.34810.22200.29000.24000.28000.25500.33002019 0.82320.48870.25500.35000.30500.35500.27000.38002018 0.81570.47870.25500.35000.30500.34000.27000.38002017 0.81570.47870.25500.35000.30500.34000.27000.35002016 0.81570.47870.24000.35000.30500.34000.27000.35002015 0.81570.46870.24000.35000.30500.31750.27000.32002014 0.81570.46870.24000.35000.28250.31750.27000.32002013 0.79220.43700.24000.35000.28300.30250.27000.3200NOTES: (1)RevaluationMecklenburgCountyhasaflatDirectTaxRate.MunicipalitiessettheirownDirectRate.Thisrate,combinedwiththeCountyDirectRateistheTotalOverlappingTaxRate.SOURCE: MecklenburgCounty:OfficeoftheTaxCollector
ANNUAL COMPREHENSIVE FINANCIAL REPORT 139TABLE10MECKLENBURGCOUNTY,NORTHCAROLINAPRINCIPALTAXPAYERSCURRENTYEARANDNINEYEARSAGOPercentage PercentageofTotal ofTotalAssessed Assessed Assessed AssessedTaxpayer Enterprise Valuation Rank Valuation Valuation Rank ValuationDukeEnergyUtilities3,733,278,187$11.91 % 2,114,958,237$11.86%WellsFargo FinancialServices1,825,570,94420.93 1,479,723,56031.30BankofAmerica FinancialServices1,774,323,44030.91 1,643,304,34121.44AmericanAirlinesTransportation 754,198,70140.39 556,308,95640.49Truist FinancialServices536,128,95250.27ͲͲͲSpectrum Utilities486,556,77760.25 325,524,92880.29PiedmontNaturalGasCo. Utilities485,116,92870.25 387,750,55260.34SourthParkMall Retail 391,113,91980.20 342,442,34070.30AT&T Utilities300,558,44590.15 491,135,74550.43PanthersStadium FootballStadium 265,827,985100.14ͲͲTeachersInsuranceInsuranceͲͲͲ321,033,18790.28CKͲSouthernAssociatesPropertyManagementͲͲͲ183,424,313100.16Total10,552,674,278$5.40% 7,845,606,159$6.89%2022 2013
140 MECKLENBURG COUNTY, NORTH CAROLINATABLE11MECKLENBURGCOUNTY,NORTHCAROLINAPROPERTYTAXLEVIES,TAXCOLLECTIONSANDCREDITSLASTTENFISCALYEARSCollectionsTotalTax PercentofFiscalYearCollected PercentandCreditsin CollectionsTotalTaxEnded Tax TotalTax withinFiscal ofLevySubsequent andCredits CollectionsJune30, Year Levy(1) YearofLevyCollected Years ToDate toTaxLevy2022 2021 1,211,541,001$1,205,348,681$99.49%Ͳ$1,205,348,681$99.49%2021 2020 1,182,112,3531,173,119,76399.245,887,8541,179,007,61799.742020 (2) 2019 1,146,400,5861,134,594,80598.979,122,1021,143,716,90799.772019 2018 1,070,347,9301,065,405,53899.543,259,3901,068,664,92899.842018 2017 1,034,427,2851,029,768,69199.553,278,0981,033,046,78999.872017 2016 1,010,179,4921,003,590,53799.354,362,3801,007,952,91799.782016 2015 1,000,717,967995,444,92599.474,396,134999,841,05999.912015 2014 952,893,579947,069,99099.394,876,876951,946,86699.9020142013 930,300,839913,606,15398.2114,814,682928,420,83599.802013 2012 921,589,480902,816,84097.9616,636,297919,453,13799.77NOTES: (1) IncludesdiscoveriesandexcludesLawEnforcementServiceDistrictsandFireDistricts(2) Revaluation
ANNUAL COMPREHENSIVE FINANCIAL REPORT 141TABLE12MECKLENBURGCOUNTY,NORTHCAROLINASCHEDULEOFBONDSPAYABLEJUNE30,2022Due AverageInterestSeriallyInterest Original Balance Balance PaidinDescription IssueDate To Rate Issue July1,2021 Sold Retired June30,2022 CurrentYearRefunding2010 March16,2010 2026 3.1098% 114,940,000$48,635,000$ Ͳ$8,190,000$40,445,000$1,769,025$QualifiedSchoolConstructionBonds2011B October27,2011 2031 4.3490 51,000,00051,000,000 ͲͲ51,000,0002,217,990Refunding2011C October27,2011 2026 2.9501 164,015,00022,330,000 Ͳ4,350,00017,980,0001,052,700Refunding2013A January29,2013 2028 4.9525 209,815,000134,355,000 Ͳ30,485,000103,870,0005,955,625PublicImprovement2013B February5,20132033 3.5009 100,000,00060,000,000 Ͳ5,000,00055,000,0002,000,000SchoolBonds2015AMarch17,2015 2035 3.8746 100,000,00070,000,000 Ͳ5,000,00065,000,0002,768,750Refunding2016A October12,2016 2030 4.6234 148,565,00091,260,000 Ͳ23,860,00067,400,0003,688,388PublicImprovement2016B October18,2016 2036 3.4720 200,000,000178,000,000 Ͳ7,000,000171,000,0006,413,750PublicImprovement2017A September12,2017 2037 3.5666 225,000,000213,000,000 Ͳ6,000,000207,000,0008,056,250PublicImprovement2018A September12,2018 2039 3.9550 150,000,000135,000,000 Ͳ7,500,000127,500,0005,653,125PublicImprovement2019 September26,2019 2040 3.6660 200,000,000190,000,000 Ͳ10,000,000180,000,0007,787,500PublicImprovement2021 September26,2019 2041 2.9440 225,000,000225,000,000 Ͳ11,250,000213,750,0007,824,6881,888,335,000$1,418,580,000$ Ͳ$118,635,000$1,299,945,000$55,187,791$
142 MECKLENBURG COUNTY, NORTH CAROLINATABLE13MECKLENBURGCOUNTY,NORTHCAROLINASCHEDULEOFINSTALLMENTFINANCINGSJUNE30,2022Due AverageSerially Interest Original Balance Balance InterestPaidDescription IssueDate To Rate Issue July1,2021 Issued Retired June30,2022 CurrentYearNCCleanWaterStateRevolvingLoan April11,2011 2030Ͳ% 2,493,625$472,104$ Ͳ$52,456$419,648$ Ͳ$GuaranteedEnergySavingsContract December16,2011 2025 3.100 6,291,2812,135,322 Ͳ668,3871,466,93556,4392013TaxableLimitedObligationBonds March13,2013 2028 2.779 18,115,0009,430,000 Ͳ1,235,0008,195,000292,7402015LimitedObligationRefunding April30,20152028 4.659 120,025,00086,630,000 Ͳ16,025,00070,605,0003,615,3752017LimitedObligationRefunding September14,2017 2028 4.522 119,135,00085,300,000 Ͳ17,985,00067,315,0003,905,300266,059,906$183,967,426$ Ͳ$35,965,843$148,001,583$7,869,854$
ANNUAL COMPREHENSIVE FINANCIAL REPORT 143GovernmentalActivitiesBusinessͲtypeActivitiesFiscalYearGeneral General Special Total PercentageofEnded Obligation Installment Lease Obligation Obligation Capital Primary Personal PerJune30, Bonds Financings LiabilitiesBonds Bonds Leases GovernmentIncome Capita(1)2022 1,474,271,106$148,001,583$2,238,793$ Ͳ$4,500,746$ Ͳ$1,629,012,228$N/A % 1,411$2021 1,611,206,257183,967,426435,498 Ͳ5,534,048 Ͳ1,801,143,229N/A 1,5832020 1,491,151,838217,659,0453,151,120 Ͳ6,527,350 Ͳ1,718,489,353N/A 1,5192019 1,400,748,024242,627,7505,765,413 Ͳ7,475,652 Ͳ1,656,616,839N/A 1,4852018 1,371,719,182267,799,809952,069 Ͳ8,383,955 Ͳ1,648,855,0152,669.091,5072017 1,257,459,140311,731,4422,171,662 Ͳ9,262,256 Ͳ1,580,624,5002,703.351,4682016 1,180,839,920339,678,8302,746,720 Ͳ10,105,558 Ͳ1,533,371,0282,741.801,4502015 1,339,706,851370,423,1123,903,820 Ͳ10,918,860 Ͳ1,724,952,6433,318.451,6682014 1,348,240,253404,983,4585,037,819 Ͳ11,707,162 Ͳ1,769,968,6923,625.231,7502013 1,481,562,403437,798,1951,019,480 Ͳ12,465,464163,0191,933,008,5613,546.681,949NOTES:DetailsregardingtheCounty'soutstandingdebtcanbefoundintheNotestotheBasicFinancialStatements(1) Table18representspersonalincomeandpopulationdatausedtopreparetheaboveratiosTABLE14MECKLENBURGCOUNTY,NORTHCAROLINARATIOSOFOUTSTANDINGDEBTBYTYPELASTTENFISCALYEARS
144 MECKLENBURG COUNTY, NORTH CAROLINATABLE15MECKLENBURGCOUNTY,NORTHCAROLINARATIOOFNETGENERALBONDEDDEBTTOASSESSEDVALUATIONANDNETBONDEDDEBTPERCAPITALASTTENFISCALYEARSFiscalYearPayablefrom NetGeneral PercentofEnded General Enterprise Bonded AssessedJune30, BondedDebtFund Debt Value(1) PerCapita(2)2022 1,474,271,106$ Ͳ$1,474,271,106$0.75% 1,277$2021 1,611,206,257 Ͳ1,611,206,2570.841,4162020 1,491,151,838 Ͳ1,491,151,8380.801,3182019 1,400,748,024 Ͳ1,400,748,0241.081,2562018 1,371,719,182 Ͳ1,371,719,1821.081,2542017 1,257,459,140 Ͳ1,257,459,1401.011,1682016 1,180,839,920 Ͳ1,180,839,9200.971,1172015 1,339,706,851 Ͳ1,339,706,8511.131,2952014 1,348,240,253 Ͳ1,348,240,2531.191,3332013 1,481,562,40328,0161,481,534,3871.281,494NOTES:(1) AssessedvaluationsusedtopreparetheabovepercentagesappearinTable17(2) PopulationdatausedtopreparetheabovedataappearsinTable18.Prioryearsrestatedtoreflectchangeindatasource.
ANNUAL COMPREHENSIVE FINANCIAL REPORT 145TABLE16MECKLENBURGCOUNTY,NORTHCAROLINACOMPUTATIONOFDIRECTANDOVERLAPPINGGOVERNMENTALACTIVITIESDEBTFORTHEYEARENDEDJUNE30,2022ProRataPercentofShareofTotalAssessed Countywide Governmental Municipalities' OverlappingMecklenburgCounty: Valuation(1) Total ActivitiesDebtDebt(2) DebtCharlotte 151,102,975,363$77.14% 1,253,148,157$744,075,391$1,997,223,548$Cornelius 7,557,775,6773.8662,706,14319,160,00081,866,143Davidson 2,799,267,2191.4323,230,51416,080,00039,310,514Huntersville10,338,197,8735.2885,774,20630,782,000116,556,206Matthews 5,179,314,2722.6442,887,1033,400,00046,287,103MintHill 3,773,802,0471.9331,353,072 Ͳ31,353,072Pineville 2,572,654,9441.3121,281,100 Ͳ21,281,100UnincorporatedAreas12,546,912,0036.41104,131,187 Ͳ104,131,187CountywideTotals195,870,899,398$100.00% 1,624,511,482$813,497,391$2,438,008,873$NOTES:(2) ProvidedbyDepartmentofStateTreasurer.(1) ProvidedbyN.C.DepartmentofRevenue,TaxResearchDivision.
146 MECKLENBURG COUNTY, NORTH CAROLINATABLE17MECKLENBURGCOUNTY,NORTHCAROLINACOMPUTATIONOFLEGALDEBTMARGINLASTTENFISCALYEARSASOFJUNE302022202120202019201820172016201520142013AssessedValue 195,870,899,398$191,570,548,996$185,555,815,222$130,042,205,867$127,005,628,383$123,921,533,449$122,557,658,269$118,633,244,751$112,934,112,312$115,415,656,131$DebtLimit8%ofAssessedValue x.08x.08x.08x.08x.08x.08x.08x.08x.08x.08DebtLimit 15,669,671,95215,325,643,92014,844,465,21810,403,376,46910,160,450,2719,913,722,6769,804,612,6629,490,659,5809,034,728,9859,233,252,490AmountofDebtApplicabletoDebtLimit:TotalBondedDebt 1,299,945,0001,418,580,0001,309,595,0001,229,535,0001,190,600,0001,092,285,0001,042,405,0001,183,165,0001,210,405,0001,327,400,000InstallmentFinancings 148,001,583183,967,426217,659,045242,627,750267,799,809311,731,443339,678,831370,423,112404,983,458437,798,195BondsAuthorizedandUnissued 490,085,000490,085,000715,085,000915,085,0001,140,085,000443,000,000643,000,000783,000,000993,040,000493,040,000TotalAmountofDebtApplicabletoDebtLimit1,938,031,5832,092,632,4262,242,339,0452,387,247,7502,598,484,8091,847,016,4432,025,083,8312,336,588,1122,608,428,4582,258,238,195LegalDebtMargin 13,731,640,369$13,233,011,494$12,602,126,173$8,016,128,719$7,561,965,462$8,066,706,233$7,779,528,831$7,154,071,468$6,426,300,527$6,975,014,295$
ANNUAL COMPREHENSIVE FINANCIAL REPORT 147TABLE18MECKLENBURGCOUNTY,NORTHCAROLINADEMOGRAPHICSTATISTICSLASTTENYEARSTotalPersonal PerCapita Median School UnemploymentYear Population(1) Income(2) Income(2) Age(2) Enrollment(3)Rate(4)2022 1,154,783$N/A$N/A N/A 140,4064.1%2021 1,138,138N/A N/A N/A 140,0734.92020 1,131,34273,657,19465,24435.2 146,6888.52019 1,115,57169,830,16462,89035.1 147,3524.12018 1,093,90166,805,79761,08035.0 147,3594.02017 1,076,83761,775,89057,36834.9147,1574.32016 1,057,237 58,469,18355,30434.7146,1404.92015 1,034,44255,925,66854,06434.5145,3635.72014 1,011,31551,980,69751,39934.3142,6126.22013 991,61948,823,56549,23634.2141,1718.1(1) Populationfor2013Ͳ2019basedonU.S.CensusBureau.Populationfor2020Ͳ2022basedonestimatefromNorthCarolinaOfficeofStateBudgetandManagement(2) Personalincome,PerCapitaIncomeandMedianAgebasedonU.S.BureauofEconomicAnalysis.(3) SchoolenrollmentprovidedbyCharlotteͲMecklenburgSchools(4) UnemploymentratesbasedonNorthCarolinaDepartmentofCommerceLocalAreaUnemploymentStatistics.Note:N/A=Datanotavailable
148 MECKLENBURG COUNTY, NORTH CAROLINATABLE19MECKLENBURGCOUNTY,NORTHCAROLINAPRINCIPALEMPLOYERSCURRENTYEARANDNINEYEARSAGO%of%ofTotalCounty TotalCountyEmployer Employees Rank Employment Employees Rank EmploymentAtrium(formerlyCarolinasHealthCare) 37,00016.02% 32,50017.17%WellsFargo 30,29124.9320,60024.54CharlotteͲMecklenburgSchools 18,49533.0118,14334.00BankofAmericaCorporation 15,00042.4415,00043.31NovantHealth 11,69851.9010,57362.33AmericanAirlines 11,00061.79 Ͳ Ͳ ͲHarrisTeeter8,23971.34 Ͳ Ͳ ͲDukeEnergy 7,90081.297,70091.70Lowe'sCompanies,Inc. 7,80191.278,50071.87CityofCharlotte 6,80010 1.11 Ͳ Ͳ ͲWalͲMartStoresͲͲ Ͳ12,22052.69FoodLion,Inc.(DelhaizeAmerica)ͲͲ Ͳ7,73481.71StateofNorthCarolinaͲͲ Ͳ7,68410 1.69NOTES: (1)DataperCharlotteRegionalBusinessAlliance(2)DataperMecklenburgCountyCAFRYearendedJune30,2013Table182022 2013(2)
ANNUAL COMPREHENSIVE FINANCIAL REPORT 149TABLE20MECKLENBURGCOUNTY,NORTHCAROLINAFULLͲTIMEEQUIVALENTCOUNTYEMPLOYEESLASTTENFISCALYEARSFunction/Program 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013CustomerSatisfactionandManagementService10798971041059771485049AdministrativeServices306279272263244241231265306307FinancialServices165167167163163165170243158157LandUseandEnvironmentalServices633648649647630628610416601564CommunityServices1,050867757910909935852785755758DetentionandCourtSupportServices9991,1411,3551,2831,2841,2941,3001,3991,3881,380HealthandHumanServices2,2862,2492,1672,2122,2312,2022,1752,2081,9101,6465,5465,4495,4645,5825,5665,5625,4095,3645,1684,861SOURCE:HumanResourceManagementSystem,PeopleSoft
150 MECKLENBURG COUNTY, NORTH CAROLINATABLE21MECKLENBURGCOUNTY,NORTHCAROLINAOPERATINGINDICATORSBYFUNCTION/PROGRAMLASTTENFISCALYEARS2022 2021 2020 2019 2018 2017 2016 2015 2014 2013GovernmentalActivities:LandUseandEnvironmentalServicesResidentialpermitsissued 72,44171,41164,07662,58463,39761,34856,55956,19251,32545,287Commercialpermitsissued 36,09936,63936,02134,78934,00131,57629,69033,03230,96830,584Inspectionsperformed 344,985343,539322,337305,954297,211302,693270,100265,429242,371212,546Inspectionresponsetime 1.59days 1.40days 1.33days 1.27days 1.43days 1.50days 1.63days 1.55days 1.49days 1.42daysDeedsandrealestatedocumentsindexed 261,182295,649231,536160,273168,345183,940169,290160,338164,074201,736Volunteerfirefighters n/a n/a n/a 650 650650650650623612Firemarshalandassistants 11101010 988777CommunityServicesRegisteredvoters 794,809772,574760,945714,405725,728698,107666,160638,628668,430652,424Totallibrarycirculation 8,460,3447,684,0405,689,2596,375,6526,011,8186,114,5376,358,5926,110,1315,953,9975,681,619Activelibrarycardholders(Average) 271,871300,997358,878381,930384,450408,313386,959261,756255,835255,256Participantsusingparkathleticfacilities 3,440,581898,6522,515,9572,861,960n/a 1,700,0001,548,9201,515,8071,572,6181,896,837Parkrecreationprogramparticipants311,363725,117643,101301,103280,946285,665217,144214,684230,423218,462UsersofparkpoolsͲindoorandoutdoor208,218 52,546 153,266126,810n/a 360,968189,793272,414468,925496,888Parkvisitors 18,500,00012,217,71410,115,36110,696,83210,320,20410,000,2399,331,5088,820,2078,159,0007,566,063DetentionandCourtSupportServicesArresteesProcessed 22,698 21,667 27,905 31,911n/a 34,89535,82336,19438,03838,641Civilprocessesserved 51,689 37,823 58,220 67,75968,20881,29967,83669,34972,33378,448Handgunpermitsprocessed 36,41832,86930,83714,59513,89917,88416,13613,01012,03215,730Averagedailyjailpopulation 1,4341,4931,4941,5511,5611,5251,4441,5071,8812,042HealthandHumanServicesSocialServicesAvgmonthly#childrenreceivingsubsidizedchildcare6,7045,6356,3047,6607,2246,6236,3736,8287,3397,019NumberoftransportationtripsprovidedbyServicesforAdultsDivision 293,369331,883363,912505,780495,776508,153444,948450,343408,005417,995SeniorNutritionmealsserved 519,761495,77139,708346,244328,942333,775294,748282,324277,385288,432HealthDepartmentPatientvisits 23,21136,31828,57143,84851,77451,79350,763104,689129,772169,309Foodserviceinspections 11,54211,1458,54910,32610,21310,31010,1558,5068,1269,434BusinessPartnersPublicschoolfullͲtimeteachers 8,7939,1359,3159,4019,4019,2589,2539,1809,1809,221Studentsattendingpublicschool 140,406140,073146,688147,352147,359147,157146,140145,363142,612141,171Communitycollegefaculty 618 742 812 868894918933938968990Communitycollegestudents 17,08315,11716,26918,36718,52618,91319,14319,06419,80220,413BusinessͲtypeActivitiesSolidWasteEnterpriseFundTonsofsolidwasteprocessed 1,618,9831,693,3931,587,1521,435,0551,395,2531,370,0541,157,1191,079,595942,568988,227Tonsofyardwasteprocessed 130,029144,668131,086121,180122,046129,944108,839104,617112,756100,525Tonsofrecyclablesprocessed 88,16493,19590,90473,59374,31476,40475,83975,22676,71673,947NOTES:(1)LargetournamentsexcludedfromprioryearsSOURCES:MecklenburgCountyCodeEnforcement,MecklenburgCountyRegisterofDeeds,MecklenburgCountyFireMarshal'sOffice,MecklenburgCountyBoardofElections,CharlotteMecklenburgLibraryͲFinanceDirector,MecklenburgCountyParkandRecreationͲAssetManager,MecklenburgCountySheriff'sOffice,MecklenburgCountyDSS,CharlotteͲMecklenburgSchools,CentralPiedmontCommunityCollegeͲResearchAnalystandMecklenburgCountySolidWasteManagementͲLandUseandEnvironmentalServicesAgency.(2) 2016Ͳ2019doesnotincludeWIC
ANNUAL COMPREHENSIVE FINANCIAL REPORT 1512022 2021 2020 2019 2018 2017 2016 2015 2014 2013GovernmentalActivitiesLandUse&EnvironmentalServicesVolunteerFireStations20202022201818181919CommunityServicesLibraries 20202022202020202020VotingMachines2,7502,7502,4002,2232,2232,2232,2232,2232,2232,223Parks&Greenways290250250250270270270268266256GolfCourses6655555555Parks&GreenwaysAcreage21,47920,97020,95319,57220,93222,58222,49221,29220,87320,472Detention&CourtSupportServicesJailBeds 2,6252,6252,6252,6252,6252,6252,6252,7152,7152,715BusinessPartnersPublicSchools180176176175176170168164164159HistoricSitesn/a n/a n/a n/a n/a 212121218BusinessͲtypeActivitiesSolidWasteEnterpriseFundLandfills 1111111111Recycling&YardWasteProcessingFacilities551010111212121213Material/Metal/TireRecoveryFacilities5555555522SOURCES:MecklenburgCountyFireMarshal'sOffice,CharlotteMecklenburgLibraryFinanceDirector,MecklenburgCountyBoardofElections,MecklenburgCountyParandRecreationAssetManager,MecklenburgCountySheriff'sOffice,CharlotteͲMecklenburgSchoolsandMecklenburgCountySolidWasteManagementͲLandUseandEnvironmentalServicesAgency.TABLE22MECKLENBURGCOUNTY,NORTHCAROLINACAPITALASSETSSTATISTICSBYFUNCTION/PROGRAMLASTTENFISCALYEARS
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