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12-06-2021 Agenda Packet BOCPERSON COUNTY BOARD OF COUNTY COMMISSIONERS MEETING AGENDA 304 South Morgan Street, Room 215 Roxboro, NC 27573-5245 336-597-1720 Fax 336-599-1609 December 6, 2021 7:00pm This meeting will convene in the County Office Building Auditorium. CALL TO ORDER………………………………………………….. Chairman Powell INVOCATION PLEDGE OF ALLEGIANCE PRESIDING OVER BOARD ...……………………… County Attorney, Ellis Hankins ORGANIZATION OF BOARD Election of Chairman ...……………………… County Attorney, Ellis Hankins Election of Vice-Chairman ………………………… Newly Elected Chairman DISCUSSION/ADJUSTMENT/APPROVAL OF AGENDA PUBLIC HEARING: ITEM #1 (pgs. 3-40) Petition CD-02-21 - A request by Kevin Puryear Properties, LLC, for a Conditional District Rezoning from R (Residential) to CD-RC (Conditional District - Rural Conservation) for equipment storage and service on Tax Map and Parcel Number A25-151 on 36 acres located on Dunnaway Road ……………………………………... Lori Oakley ITEM #2 Consideration to grant or deny Petition CD-02-21 - A request by Kevin Puryear Properties, LLC, for a Conditional District Rezoning from R (Residential) to CD-RC (Conditional District - Rural Conservation) for equipment storage and service on Tax Map and Parcel Number A25-151 on 36 acres located on Dunnaway Road ………………………… Chairman 1 PUBLIC HEARING: ITEM #3 (pgs. 41-52) Petition RZ-03-21 – A request by Terry L. and Clara D. Vick, applicants and property owners, for a Rezoning of their property from R (Residential) to RC (Rural Conservation), located at 6451 Semora Rd., Tax Map and Parcel number A26-15, consisting of approximately 28 acres ……………………………………………………. Lori Oakley ITEM #4 Consideration to grant or deny Petition RZ-03-21 – A request by Terry L. and Clara D. Vick, applicants and property owners, for a Rezoning of their property from R (Residential) to RC (Rural Conservation), located at 6451 Semora Rd., Tax Map and Parcel number A26-15, consisting of approximately 28 acres ……………. Chairman INFORMAL COMMENTS The Person County Board of Commissioners established a 10-minute segment which is open for informal comments and/or questions from citizens of this county on issues, other than those issues for which a public hearing has been scheduled. The time will be divided equally among those wishing to comment. It is requested that any person who wishes to address the Board, register with the Clerk to the Board prior to the meeting. ITEM #5 DISCUSSION/ADJUSTMENT/APPROVAL OF CONSENT AGENDA A.Approval of Minutes of November 15, 2021 (pgs. 53-92), B.Budget Amendment #10 (pg. 93),C.Board of Education’s Resolution Requesting Approval from Person County Board of Commissioners for the Transfer of Funds ($400,251) to Capital Outlay (pgs. 94-95), andD.Approval of Bonds of the Finance Director, the Register of Deeds, the Tax Administrator and the Sheriff (pg. 96) NEW BUSINESS: ITEM #6 (pgs. 97-310) Presentation of the Annual Comprehensive Financial Report for Fiscal Year Ending June 30, 2021 …………………………………. Amy Wehrenberg CHAIRMAN’S REPORT MANAGER’S REPORT COMMISSIONER REPORTS/COMMENTS Note: All Items on the Agenda are for Discussion and Action as deemed appropriate by the Board. 2     NOTICE OF PUBLIC HEARING The Person County Board of Commissioners will hold a public hearing on Monday, December 6, 2021 at 7:00 p.m. in the Auditorium of the Person County Office Building at 304 South Morgan Street, Roxboro, North Carolina, to hear the following:  Petition CD-02-21 - A request by Kevin Puryear Properties, LLC, for a Conditional District Rezoning from R (Residential) to CD-RC (Conditional District - Rural Conservation) for equipment storage and service on Tax Map and Parcel Number A25-151 on 36 acres located on Dunnaway Road.  Petition RZ-03-21 – A request by Terry L. and Clara D. Vick, applicants and property owners, for a Rezoning of their property from R (Residential) to RC (Rural Conservation), located at 6451 Semora Rd., Tax Map and Parcel number A26-15, consisting of approximately 28 acres. The public is invited to attend the meeting. Substantial changes may occur to the request based on comments from the public hearing. The Board of Commissioners reserves the right to recess the public hearing at another place and time. For further information on the case(s) listed above, please contact the Person County Planning and Zoning Department at (336) 597-1750. 3 Person CountyBoard of CommissionersDecember 6, 20214 Petition CD‐02‐21 A request by Kevin Puryear Properties, LLC, for a Conditional District Rezoning from R (Residential) to CD‐RC (Conditional District ‐Rural Conservation) for equipment storage and service on Tax Map and Parcel Number A25‐151 on 36 acres located on DunnawayRoad.5 •To the West –Duke Energy property containing several buildings/structures, a landfill and coal ash ponds split zoned R (Residential) and GI (General Industrial).•To the North –A wooded area of the Duke Energy property split zoned R (Residential) and GI (General Industrial).•To the East – Woodlands and a single‐family dwelling split zoned RC (Rural Conservation) and R (Residential). •To the South –Single‐family dwellings zoned R (Residential) and a wooded area of the Duke Energy property split zoned R (Residential) and GI (General Industrial).6 The parcel is zoned R (Residential).7 8 9 Conditional District RezoningCD-02-21– Planning Staff Recommendation•The applicant is requesting a conditional district rezoning of the property from R (Residential) to CD‐RC (Conditional District ‐Rural Conservation), in order to develop approximately 3 acres out of the 36‐acre site for an equipment service and storage area for the coal ash pond located on the adjacent Duke Energy parcel.  The applicant is proposing two buildings, an equipment storage area, an unloading/loading area and 42 parking spaces on the site.•Planning staff recommends approval of the conditional district rezoning case CD‐02‐21 based on the Person County Land Use Plan and the Future Land Use Map contained within the Land Use Plan.  The rezoning request is a Conditional District Rezoning request, and conditions can be placed on the approval, provided that they comply with the Person County Planning Ordinance and are agreed upon by the applicant.  10 Conditional District RezoningCD-02-21– Planning Board Recommendation•At the Planning Board meeting on Nov. 9, 2021, the Board voted unanimously (5‐0) to recommend approval of CD‐02‐21 and included the reasonableness and consistency statement on the  next slide in their favorable motion.11 Conditional District RezoningCD-02-21– Reasonableness and Consistency StatementThe Board is required to make a motion and include a Reasonableness and Consistency statement with the motion. Proposed Reasonableness and Consistency Statement: •The request is consistent with the Person County Land Use Plan and future planning goals of the county, is reasonable, and in the public interest as it meets the goals of the Person County Land Use Plan specifically 2.0 ‐Provide a strong local planning environment that supports and enhances the economic growth potential of Person County.12 13 14 RezoningRZ-03-2115 RezoningRZ-03-21– Explanation of Request• Petition RZ-03-21 is a request by the applicant andproperty owners, Terry L. and Clara D. Vick, for aRezoning of their property from R (Residential), to RC(Rural Conservation). The property is located at 6451Semora Rd and identified as Tax Map and Parcel numberA26-15. This property consists of approximately 28 acres.16 To the West, properties consist of vacant lots and a single‐family dwelling, zoned R (Residential).To the North, property consists of vacant, wooded lot zoned R (Residential).To the East, properties are mainly pastureland, zoned R (Residential).To the South, properties are mainly pastureland and a single‐family dwelling, zoned R (Residential) and RC (Rural Conservation).17 The applicant property is zoned R (Residential)18 Map showing the general area and other parcels adjacent to the property. 19 20 RezoningRZ-03-21 – Planning Staff Analysis• The applicant is requesting a general rezoning from R (Residential) to RC (Rural Conservation). Staff received a complaint that the property owner was storing commercial vehicles and equipment on the property without permit. Staff investigated and the property was found to be in violation of the Planning & Zoning Ordinance. The owners were served with a Notice of Violation in July 2020. The applicant indicated at the time that he wished to rezone the property in order to bring it into compliance and be able to operate his contracting business. The applicant made application in November 2020, however, a fee was not received with the application and the case could not be placed on an upcoming Planning Board Agenda. The applicant recently resubmitted the application and paid the fee, allowing it to be added to the November 9, 2021 Planning Board Agenda.21 RezoningRZ-03-21 – Planning Staff Recommendation• Planning staff recommends approval of the proposed general rezoning RZ-03-21 based on the Person County Land Use Plan and the Future Land Use Map contained within the Land Use Plan. This is a general rezoning request, and if granted would bring the property into compliance with the Planning & Zoning Ordinance, as General Contractor with Outdoor Storage is an allowed use in the RC (Rural Conservation) zoning district. 22 RezoningRZ-03-21 – Statement of Reasonableness and Consistency• Reasonableness and Consistency Statement: The request isconsistent with the Person County Land Use Plan and futureplanning goals of the county, is reasonable, and in the publicinterest as it meets the goals of the Person County LandDevelopment Plan, specifically:• 1.0 - To promote an orderly and efficient land use developmentpattern, which allows for a variety of land uses while beingsensitive to environmental concerns.23 Planning Board RecommendationAt their Nov. 9thmeeting, the Planning Board made a motion to table thecase until the next regularly scheduled meeting in order for the applicantto submit a Conditional District Rezoning Application. The Board voted 2to 3 on the motion to table, and the motion did not pass. The board thenvoted unanimously (5‐0) to deny the proposed rezoning request, RZ‐03‐21. The board felt that the request was not consistent with the Land UsePlan or the future planning goals of the county, that it was notreasonable or in the public interest and that it did not meet the goals ofthe Person County Land Development Plan.24 25 26 Person CountyBoard of CommissionersDecember 6, 202127 AGENDA ABSTRACT Meeting Date: December 6, 2021 Agenda Title: Public Hearing for Petition CD-02-21, a request by Kevin Puryear Properties, LLC, for a Conditional District Rezoning from R (Residential) to CD-RC (Conditional District - Rural Conservation) for equipment storage and service on Tax Map and Parcel Number A25-151 on 36 acres located on Dunnaway Road The proposed conditional district rezoning requires legislative review by the Board at a public hearing. The NC General Statutes requires that when reviewing a map amendment, the board also include with their motion a statement as to whether the proposed map amendment is reasonable and consistent. Summary of Information: The applicant is requesting a conditional district rezoning of the property from R (Residential) to CD-RC (Conditional District - Rural Conservation), in order to develop approximately 3 acres out of the 36-acre site for an equipment service and storage area for the coal ash pond located on the adjacent Duke Energy parcel. The property is currently vacant and contains woodlands. According to the submitted conditional district rezoning site plan, the project will consist of a 50’ x 60’ shop building along with an associated area for equipment laydown/storage and an area for loading and unloading. The building will be used for maintenance of vehicles and heavy equipment associated with Duke Energy. There will also be a 36’ x 55’ office trailer and 42 parking spaces. Access to the site will be from a proposed 60’ wide access easement located on the adjacent Duke Energy parcel to the west. The applicant is proposing to clear a little over 5 acres of the site and the site plan indicates that the existing trees/woodlands will remain in place along Dunnaway Road. The applicant has depicted a proposed well site and a site for a sanitary storage tank (a holding tank) that will need to be reviewed and permitted (separately) by the Environmental Health Department. The petition was submitted under the older version of the Person County Land Use Plan (adopted in 2001) and it identifies the proposed site as Rural Residential / AG Poor Soil. 28 Rural Residential / AG Poor Soil includes the following uses: Low-Density residential (single, site built and manufactured homes); agriculture, forestry, churches; very limited commercial, office, or public/institutional uses meeting locational criteria. Locational criteria for non-residential uses within this land use category would include frontage and access to a major State highway or secondary road, proximity to similar uses and spatial separation from non-compatible uses such as existing residential development. Appendix O of the Land Use Plan lists goals and objectives for the county including the following: Goal 2.0 – Provide a strong local planning environment that supports and enhances the economic growth potential of Person County. Planning Staff Recommendation: Planning staff recommends approval of the conditional district rezoning case CD-02-21 based on the Person County Land Use Plan and the Future Land Use Map contained within the Land Use Plan. The rezoning request is a Conditional District Rezoning request, and conditions can be placed on the approval, provided that they comply with the Person County Planning Ordinance and are agreed upon by the applicant. Planning Board Action: At the Planning Board meeting on Nov. 9, 2021, the Board voted unanimously (5-0) to recommend approval of CD-02-21 and included the reasonableness and consistency statement below in their favorable motion. Recommended Action: Vote to approve, approve with conditions or deny the requested conditional district rezoning. The Board shall also approve a brief statement describing whether its action is consistent or inconsistent with the adopted comprehensive plan and a brief statement of reasonableness. Reasonableness and Consistency Statement: The request is consistent with the Person County Land Use Plan and future planning goals of the county, is reasonable, and in the public interest as it meets the goals of the Person County Land Use Plan specifically 2.0 - Provide a strong local planning environment that supports and enhances the economic growth potential of Person County. Submitted by: Lori Oakley, Planning Director 29 CD-02-21 Staff Analysis 1     Conditional District Rezoning – CD-02-21 Dunnaway Road Equipment Storage and Service EXPLANATION OF THE REQUEST Petition CD-02-21 is a request by Kevin Puryear Properties, LLC, for a Conditional District Rezoning from R (Residential) to CD-RC (Conditional District - Rural Conservation) for equipment storage and service on Tax Map and Parcel Number A25-151 on 36 acres located on Dunnaway Road. LOCATION & CURRENT LAND USE Currently, the subject property (A25-151) is a 36-acre tract located on the northern side of Dunnaway Road. The property is vacant and contains woodlands. The parcel is zoned R (Residential).  Condition and land use of the surrounding properties are:  To the West – Duke Energy property containing several buildings/structures, a landfill and coal ash ponds split zoned R (Residential) and GI (General Industrial).  To the North – A wooded area of the Duke Energy property split zoned R (Residential) and GI (General Industrial).  To the East – Woodlands and a single-family dwelling split zoned RC (Rural Conservation) and R (Residential).  To the South –Single-family dwellings zoned R (Residential) and a wooded area of the Duke Energy property split zoned R (Residential) and GI (General Industrial). EXISTING ZONING AND LAND USE  The property is currently zoned R (Residential). According to Article VII Section 70 of the Person County Planning Ordinance: The purpose of R (Residential) district is to provide for single-family residential uses and compatible development.  The property is vacant and contains woodlands.  The property owner requesting the conditional district rezoning also owns two parcels to the east and one parcel to the south. PROPOSED LAND USE AND CONDITONAL DSITRCI REZONING SITE PLAN  The applicant is requesting a conditional district rezoning of the property from R (Residential) to CD- RC (Conditional District - Rural Conservation), in order to develop approximately 3 acres out of the 36-acre site for an equipment service and storage area for the coal ash pond located on the adjacent Duke Energy parcel.  According to the submitted conditional district rezoning site plan, the project will consist of a 50’ x 60’ shop building along with an associated area for equipment laydown/storage and an area for loading and unloading. The building will be used for maintenance of vehicles and heavy equipment associated with Duke Energy. There will also be a 36’ x 55’ office trailer and 42 parking spaces. 30 CD-02-21 Staff Analysis 2  Access to the site will be from a proposed 60’ wide access easement located on the adjacent Duke Energy parcel to the west. The applicant is requesting to utilize gravel for both the access road and the parking spaces per Section 81-1 of the Person County Planning Ordinance.  The applicant is proposing to clear a little over 5 acres of the site and the site plan indicates that the existing trees/woodlands will remain in place along Dunnaway Road.  There is a blue line stream on the property and it has been depicted on the site plan. The proposed clearing for this project is south of the stream and the applicant does not plan on encroaching or disturbing the 50’ stream buffer along the stream.  The applicant has depicted a proposed well site and a site for a sanitary storage tank (a holding tank). The applicant has not yet submitted an application to the Person County Environmental Health Department for this site. The Environmental Health Department will review that request separately and determine what can be permitted on the site.  The property is located within the Roanoke Watershed and is not subject to restrictions.  The property does not lie within the 100-year special flood hazard area according to the FEMA map. COMPREHENSIVE LAND USE PLAN The Person County Land Use Plan identifies the proposed site as Rural Residential / AG Poor Soil. Rural Residential / AG Poor Soil is defined as: Low-Density residential (single, site built and manufactured homes); agriculture, forestry, churches; very limited commercial, office, or public/institutional uses meeting locational criteria. Most of the land within protected water supply watersheds should be placed in this category. Locational criteria for non-residential uses within this land use category would include frontage and access to a major State highway or secondary road, proximity to similar uses and spatial separation from non-compatible uses such as existing residential development. Land uses within this category would be expected to develop without public sewer, i.e., with private septic tank systems. Appendix O of the Land Use Plan lists goals and objectives for the county including the following: Goal 2.0 – Provide a strong local planning environment that supports and enhances the economic growth potential of Person County. The draft of the Person County & City of Roxboro Joint Comprehensive Land Use Plan (estimated adoption date by the county: Nov. 1, 2021) identifies the site as Rural. Rural is defined as: The Rural future land use category is intended to promote the protection of agricultural lands and natural resources while allowing low density residential development (minimum lot size of one acre). Cluster or conservation subdivisions, which permit higher density residential development while setting aside land for preservation should also be permitted in Rural areas. The Rural future land use category should permit neighborhood-scale commercial development at, and within 1,000 feet of, major intersections (examples include Timberlake, Olive Hill, Hurdle Mills, etc.). 31 CD-02-21 Staff Analysis 3 Development regulations should limit floor area of retail and similar uses in these rural commercial nodes. Agricultural and agricultural-support uses, along with other typical rural commercial enterprises should be permitted throughout these areas, without limitation.   The draft of the Person County & City of Roxboro Joint Comprehensive Land Use Plan goes on to list: Guiding Principal 2: Facilitate Sustainable Economic Growth Objective 7: Provide utility infrastructure to support economic growth. Objective 8: Support the reuse and repurposing of the County’s major energy infrastructure sites. PLANNING STAFF ANALYSIS & RECOMMENDATION The applicant is requesting a conditional district rezoning of the property from R (Residential) to CD-RC (Conditional District - Rural Conservation), in order to develop approximately 3 acres out of the 36-acre site for an equipment service and storage area for the coal ash pond located on the adjacent Duke Energy parcel. The applicant is proposing two buildings, an equipment storage area, an unloading/loading area and 42 parking spaces on the site. Planning staff recommends approval of the conditional district rezoning case CD-02-21 based on the Person County Land Use Plan and the Future Land Use Map contained within the Land Use Plan. The rezoning request is a Conditional District Rezoning request, and conditions can be placed on the approval, provided that they comply with the Person County Planning Ordinance and are agreed upon by the applicant. PLANNING BOARD RECOMMENDATION At the Planning Board meeting on Nov. 9, 2021, the Board voted unanimously (5-0) to recommend approval of CD-02-21 and included the reasonableness and consistency statement below in their favorable motion. REASONABLENESS AND CONSISTENCY STATEMENT The Board is required to make a motion and include a Reasonableness and Consistency statement with the motion. Proposed Reasonableness and Consistency Statement: The request is consistent with the Person County Land Use Plan and future planning goals of the county, is reasonable, and in the public interest as it meets the goals of the Person County Land Use Plan specifically 2.0 - Provide a strong local planning environment that supports and enhances the economic growth potential of Person County. Submitted by: Lori Oakley, Planning Director 32 33 34 35 A25A25109109 A25 213A25 213 A25 47A25 47 A25 178A25 178 A25 129A25 129 A25A25103103 A25 108A25 108 A25 151A25 151 A25A25134134 A25 217A25 217 A25 21A25 21A25 23A25 23 A25 18A25 18 A25 111A25 111 A25A25138138 A25 29A25 29 A25A255858 A25A25168168 A25 214A25 214 A25 107A25 107 A25 22A25 22 A25A25105105 A25A25175175 A25 167A25 167 A25 106A25 106 A25 176A25 176 A25 35AA25 35A A25 110A25 110 A25 26A25 26 A25 20A25 20 A25 20A25 20 A25A25104104 A25A25169169 MMccGGhheeeessMMiillllRRddDunnaway RdDunnaway Rd General MapCD-02-21Kevin PuryearProperties LLC ¯ Secondary Local Private A25 151 Person Parcels 1 inch = 500 feet 36 A25A25109109 A25 213A25 213 A25 47A25 47 A25 178A25 178 A25 129A25 129 A25A25103103 A25 108A25 108 A25 151A25 151 A25A25134134 A25 217A25 217 A25 21A25 21A25 23A25 23 A25 18A25 18 A25 111A25 111 A25A25138138 A25 29A25 29 A25A255858 A25A25168168 A25 214A25 214 A25 107A25 107 A25 22A25 22 A25A25105105 A25A25175175 A25 167A25 167 A25 106A25 106 A25 176A25 176 A25 35AA25 35A A25 110A25 110 A25 26A25 26 A25 20A25 20 A25 20A25 20 A25A25104104 A25A25169169 MMccGGhheeeessMMiillllRRddDunnaway RdDunnaway Rd Aerial MapCD-02-21Kevin PuryearProperties LLC ¯ Secondary Local Private A25 151 Person Parcels 1 inch = 500 feet 37 A25A25109109 A25 213A25 213 A25 47A25 47 A25 178A25 178 A25 129A25 129 A25A25103103 A25 108A25 108 A25 151A25 151 A25A25134134 A25 217A25 217 A25 21A25 21A25 23A25 23 A25 18A25 18 A25 111A25 111 A25A25138138 A25 29A25 29 A25A255858 A25A25168168 A25 214A25 214 A25 107A25 107 A25 22A25 22 A25A25105105 A25A25175175 A25 167A25 167 A25 106A25 106 A25 176A25 176 A25 35AA25 35A A25 110A25 110 A25 26A25 26 A25 20A25 20 A25 20A25 20 A25A25104104 A25A25169169 MMccGGhheeeessMMiillllRRddDunnaway RdDunnaway Rd Zoning MapCD-02-21Kevin PuryearProperties LLC ¯ Secondary Local Private A25 151 Person Parcels R: Residential B-1: Highway Commercial B-2: Neighborhood Shopping GI: General Industrial R-C: Rural Conservation AP: Airport Overlay 1 inch = 500 feet 38 A25A25109109 A25 213A25 213 A25 47A25 47 A25 178A25 178 A25 129A25 129 A25A25103103 A25 108A25 108 A25 151A25 151 A25A25134134 A25 217A25 217 A25 21A25 21A25 23A25 23 A25 18A25 18 A25 111A25 111 A25A25138138 A25 29A25 29 A25A255858 A25A25168168 A25 214A25 214 A25 107A25 107 A25 22A25 22 A25A25105105 A25A25175175 A25 167A25 167 A25 106A25 106 A25 176A25 176 A25A2535A35A A25 110A25 110 A25 26A25 26 A25 20A25 20 A25 20A25 20 A25A25104104 A25A25169169 MMccGGhheeeessMMiillllRRddDunnaway RdDunnaway Rd FLU Map(current)CD-02-21Kevin PuryearProperties LLC ¯ Secondary Local Private A25 151 Person Parcels FLU current Rural Res/AGPoorSoil Rural Residential/AG 1 inch = 500 feet 39 A25A25109109 A25 213A25 213 A25 47A25 47 A25 178A25 178 A25 129A25 129 A25A25103103 A25 108A25 108 A25 151A25 151 A25A25134134 A25 217A25 217 A25 21A25 21A25 23A25 23 A25 18A25 18 A25 111A25 111 A25A25138138 A25 29A25 29 A25A255858 A25A25168168 A25 214A25 214 A25 107A25 107 A25 22A25 22 A25A25105105 A25A25175175 A25 167A25 167 A25 106A25 106 A25 176A25 176 A25A2535A35A A25 110A25 110 A25 26A25 26 A25 20A25 20 A25 20A25 20 A25A25104104 A25A25169169 MMccGGhheeeessMMiillllRRddDunnaway RdDunnaway Rd FLU Map(proposed)CD-02-21Kevin PuryearProperties LLC ¯ Secondary Local Private A25 151 Person Parcels FLUM proposed Industrial Rural 1 inch = 500 feet 40 AGENDA ABSTRACT Meeting Date: December 6, 2021 Agenda Title: Public Hearing for Petition RZ-03-21, a request by Terry L. and Clara D. Vick, applicants and property owners, for a Rezoning of their property from R (Residential) to RC (Rural Conservation), located at 6451 Semora Rd., Tax Map and Parcel number A26-15, consisting of approximately 28 acres The proposed rezoning requires legislative review by the Board at a public hearing. The NC General Statutes requires that when reviewing a map amendment, the board also include with their motion a statement as to whether the proposed map amendment is reasonable and consistent. Summary of Information: Currently, the subject property contains woodlands and is zoned R (Residential). The property is located on N.C. 57 or Semora Rd., and is within a half mile of an existing RC (Rural Conservation) zoning district, within a quarter of a mile to an existing G1 (General Industrial) zoning district, and less than 1/10 of a mile to an existing B2 (Neighborhood Shopping) zoning district. There is an existing violation on this site because the property owner is utilizing it to store commercial vehicles and equipment without the proper permits. Rezoning the property to RC (Rural Conservation) would bring the property into compliance with the Person County Planning and Zoning Ordinance, as General Contractor with storage is an allowed use in the RC (Rural Conservation) zoning district. The rezoning petition was submitted under the older version of the Person County Land Use Plan (adopted 2001) and it identifies the site as Rural Residential/AG Poor Soils, which allows for commercial uses. Appendix O of the Land Use Plan lists goals and objectives for the county including the following:  1.0 - To promote an orderly and efficient land use development pattern, which allows for a variety of land uses while being sensitive to environmental concerns. The applicant is requesting a general rezoning from R (Residential) to RC (Rural Conservation). According to Article VII Section 70 of the Person County Planning Ordinance, the purpose of the RC (Rural conservation) District shall be to provide for only limited land use controls in areas with limited nonagricultural development. A rezoning to RC (Rural Conservation) from the current R (Residential), would allow a wide range of permitted uses, some by right and some requiring Special Use Permits. 41 Planning Staff Recommendation: Planning staff recommends approval of the proposed general rezoning RZ-03-21 based on the Person County Land Use Plan and the Future Land Use Map contained within the Land Use Plan. This zoning is a general rezoning request, and therefore, no conditions can be placed on the approval and no site plans can be approved with the request. Planning Board Recommendation: At the November 9, 2021 meeting of the Person County Planning Board, the Board voted unanimously (5- 0) to deny the proposed rezoning request, RZ-03-21. The board felt that the request was not consistent with the Land Use Plan or the future planning goals of the county, that it was not reasonable or in the public interest and that it did not meet the goals of the Person County Land Development Plan. Recommended Action: Vote to approve or deny the requested rezoning. The Board must also include a Statement of Reasonableness and Consistency with the motion. If the Board votes to approve the rezoning request: Reasonableness and Consistency Statement: The request is consistent with the Person County Land Use Plan and future planning goals of the county, is reasonable, and in the public interest as it meets the goals of the Person County Land Development Plan specifically 1.0 – To promote an orderly and efficient land use development pattern, which allows for a variety of land uses while being sensitive to environmental concerns. If the Board votes to deny the rezoning request: Reasonableness and Consistency Statement: The request is not consistent with the Person County Land Use Plan and future planning goals of the county, is not reasonable, and not in the public interest as it does not meet the goals of the Person County Land Development Plan. Submitted by: Lori Oakley, Planning Director 42 RZ‐03‐21  Staff Analysis  BOC December 6, 2021  1 Rezoning Request RZ‐03‐21  6451 Semora Rd.  Terry and Clara Vick      EXPLANATION OF THE REQUEST  Petition RZ‐03‐21 is a request by Terry L. and Clara D. Vick, applicants and property owners, for a Rezoning  of their property from R (Residential) to RC (Rural Conservation), located at 6451 Semora Rd., Tax Map  and Parcel number A26‐15, consisting of approximately 28 acres.     LOCATION & CURRENT LAND USE  Currently, the subject property is a vacant, mostly wooded lot and is crossed by a blue line stream.  The  property is zoned R (Residential). The property is currently being utilized to store commercial vehicles and  equipment and also contains a storage building.   Condition and land use of the surrounding  properties are:    To the West – Woodlands, vacant lots and a single‐family dwelling zoned R (Residential).    To the North – Vacant wooded lot zoned R (Residential).    To the East – Mainly pastureland zoned R (Residential) with a small portion zoned GI (General  Industrial)   To the South – Mainly pastureland and a single‐family dwelling zoned R (Residential) and RC  (Rural Conservation).     EXISTING ZONING AND LAND USE   The property is currently zoned R (Residential).  According to Article VII Section 70 of the Person  County Planning Ordinance:    The purpose of this district is to provide for single family residential uses and compatible  development.      The property is currently a vacant, wooded lot.     COMPREHENSIVE LAND USE PLAN  The Person County Land Use Plan identifies the proposed site as Rural Residential/AG Poor Soils.     Rural Residential/AG Poor Soils is defined as:    Low‐density residential (single site‐built and manufactured homes); agriculture, forestry, churches; very  limited commercial, office, or public/intuitional uses meeting locational criteria. Most of the land within  protected water supply watersheds should be placed in this category. Locational criteria for non‐ residential uses within this land use category would include frontage and access to a major State highway  43 RZ‐03‐21  Staff Analysis  BOC December 6, 2021  2 or secondary road, proximity to similar uses and spatial separation from non‐compatible uses such as  existing residential development. Land uses within this category would be expected to develop without  public sewer, i.e., with private septic tank systems.    Appendix O of the Land Use Plan lists goals and objectives for the county including the following:    1.0 – Promote an orderly and efficient land use development pattern, which allows for a variety  of land uses while being sensitive to environmental concerns.    The proposed Joint Comprehensive Land Use Plan (estimated adoption date by the county: Nov. 1, 2021)  identifies the area as:    Rural, defined as:     Intended to promote the protection of agricultural lands and natural resources while allowing low‐density  residential development (minimum lot size of one acre). Cluster or conservation subdivisions, which  permit higher density residential development while setting aside land for preservation, should also be  permitted in rural areas. The Rural future land use category should permit neighborhood‐scale  commercial development at, and within 1000 feet of, major intersections) examples include Timberlake,  Olive Hill, Hurdle Mills, etc.) Development regulations should limit floor area of retail and similar uses in  these rural commercial nodes. Agricultural and agricultural‐support uses, along with other typical rural  commercial enterprises should be permitted throughout these areas, without limitation.    Guiding Principal 2: Facilitating Sustainable Economic Growth    Objective 1:  Reserve sufficient developable land and sites to support economic growth.        PLANNING STAFF ANALYSIS & RECOMMENDATION  The applicant is requesting a general rezoning from R (Residential) to RC (Rural Conservation). Staff  received a complaint that the property owner was storing commercial vehicles and equipment on the  property without a permit. Staff investigated and the property was found to be in violation of the Person  County Planning and Zoning Ordinance and the owners were served with a Notice of Violation in July 2020.  The applicant indicated at the time that he wished to rezone the property in order to bring the property  into compliance and operate his Contracting business. The applicant submitted a rezoning application in  November of 2020, however payment was not received with the application and the case was not placed  on an upcoming Planning Board agenda. The applicant recently resubmitted the application and paid the  fee, allowing it to be added to the November 9, 2021 Planning Board Agenda.     According to Article VII Section 70 of the Person County Planning Ordinance, the purpose of the RC (Rural  Conservation) District shall be to provide for only limited land use controls in areas with limited  nonagricultural development. A rezoning to RC (Rural Conservation) from the current R (Residential)  would allow a wide range of permitted uses, some by right and some requiring Special Use permits.     The property is located on N.C. 57 or Semora Rd., and is within a half mile of an existing RC (Rural  Conservation) zoning district, within a quarter of a mile to an existing G1 (General Industrial) zoning  district,  and less than 1/10 of a mile to an existing B2 (Neighborhood Shopping) zoning district.  44 RZ‐03‐21  Staff Analysis  BOC December 6, 2021  3   Planning staff recommends approval of the proposed general rezoning RZ‐03‐21 based on the Person  County Land Use Plan and the Future Land Use Map contained within the Land Use Plan.  This zoning is a  general rezoning request, and rezoning the property to RC (Rural Conservation) would bring the property  into compliance with the Person County Planning and Zoning Ordinance, as General Contractor with  storage is an allowed use in the RC (Rural Conservation) zoning district.     PLANNING BOARD RECOMMENDATION    At the November 9, 2021 meeting of the Person County Planning Board, the Board voted unanimously (5‐ 0) to deny the proposed rezoning request, RZ‐03‐21. The board felt that the request was not consistent  with the Land Use Plan or the future planning goals of the county, that it was not reasonable or in the  public interest and that, it did not meet the goals of the Person County Land Development Plan.      REASONABLENESS AND CONSISTENCY STATEMENT  The Board is required to make a motion on the Reasonableness and Consistency statement.     If the Board votes to approve the rezoning request:    Reasonableness and Consistency Statement:  The request is consistent with the Person County  Land Use Plan and future planning goals of the county, is reasonable, and in the public interest as  it meets the goals of the Person County Land Development Plan specifically 1.0 –  To promote an  orderly and efficient land use development pattern, which allows for a variety of land uses while  being sensitive to environmental concerns.    If the Board votes to deny the rezoning request:    Reasonableness and Consistency Statement:  The request is not consistent with the Person  County Land Use Plan and future planning goals of the county, is not reasonable, and not in the  public interest as it does not meet the goals of the Person County Land Development Plan.      Submitted by: Angie Blount, Planner 1  45 46 47 48 A26 16A26 16A15 249A15 249 A15 239A15 239 A26 18A26 18 A15A15205205 A26 13A26 13 A26A265454 A26 54A26 54 A26 54A26 54 A26 54A26 54 A15A15255255 A26 15A26 15 A26 95A26 95 A15 243A15 243 A15 268A15 268 A26 140A26 140 A15 240A15 240 A26 162A26 162 A15 206A15 206 A15A15258258 A15 250A15 250 A15 252A15 252 A15 267A15 267 A15 241A15 241 A26 17A26 17 A15A15230230 A25 54A25 54 A15 2A15 2 A15A15229229 S u m m e r O a k D r QuailHollowDrS umm e r O a k D r ")57 SSee mmoo rr aa RR dd Aerial MapRZ-03-21Terry L. or Clara D. Vick6451 Semora Rd. ¯ Highway Private A26 15 Person Parcels 1 inch = 500 feet 49 A26 16A26 16A15 249A15 249 A15 239A15 239 A26 18A26 18 A15A15205205 A26 13A26 13 A26A265454 A26 54A26 54 A26 54A26 54 A26 54A26 54 A15A15255255 A26 15A26 15 A26 95A26 95 A15 243A15 243 A15 268A15 268 A26 140A26 140 A15 240A15 240 A26 162A26 162 A15 206A15 206 A15A15258258 A15 250A15 250 A15 252A15 252 A15 267A15 267 A15 241A15 241 A26 17A26 17 A15A15230230 A25 54A25 54 A15 2A15 2 A15A15229229 S u m m e r O a k D r QuailHollowDrS umm e r O a k D r ")57 SSee mmoo rr aa RR dd Zoning MapRZ-03-21Terry L. or Clara D. Vick6451 Semora Rd. ¯ Highway Private A26_15 Person Parcels R: Residential B-1: Highway Commercial B-2: Neighborhood Shopping GI: General Industrial R-C: Rural Conservation AP: Airport Overlay 1 inch = 500 feet 50 A26 16A26 16A15 249A15 249 A15 239A15 239 A26 18A26 18 A15A15205205 A26 13A26 13 A15A15255255 A26 15A26 15 A26A265454 A26 54A26 54 A26 54A26 54 A26 54A26 54 A26 95A26 95 A15 243A15 243 A15 268A15 268 A26 140A26 140 A15 240A15 240 A26 162A26 162 A15 206A15 206 A15A15258258 A15 250A15 250 A15 252A15 252 A15 267A15 267 A15 241A15 241 A26 17A26 17 A15A15230230 A25 54A25 54 A15 2A15 2 A15A15229229 S u m m e r O a k D r QuailHollowDrS umm e r O a k D r ")57 SSee mmoo rraa RR dd FLU Map(current)RZ-03-21Terry L. or Clara D. Vick6451 Semora Rd. ¯ Highway Private A26 15 Person Parcels FLU current Industrial O&I/Commercial Rural Res/AGPoorSoil Rural Residential/AG Suburban Residential 1 inch = 500 feet 51 A26 16A26 16A15 249A15 249 A15 239A15 239 A26 18A26 18 A15A15205205 A26 13A26 13 A15A15255255 A26 15A26 15 A26A265454 A26 54A26 54 A26 54A26 54 A26 54A26 54 A26 95A26 95 A15 243A15 243 A15 268A15 268 A26 140A26 140 A15 240A15 240 A26 162A26 162 A15 206A15 206 A15A15258258 A15 250A15 250 A15 252A15 252 A15 267A15 267 A15 241A15 241 A26 17A26 17 A15A15230230 A25 54A25 54 A15 2A15 2 A15A15229229 S u m m e r O a k D r QuailHollowDrS umm e r O a k D r ")57 SSee mmoo rr aa RR dd FLU MapRZ-03-21Terry L. or Clara D. Vick6451 Semora Rd. ¯ FLUM Highway Private A26 15 Person Parcels Hyco Lake Rural 1 inch = 500 feet 52 November 15, 2021 1 PERSON COUNTY BOARD OF COMMISSIONERS NOVEMBER 15, 2021 MEMBERS PRESENT OTHERS PRESENT Gordon Powell Heidi York, County Manager Kyle W. Puryear Brenda B. Reaves, Clerk to the Board C. Derrick Sims S. Ellis Hankins, County Attorney Charlie Palmer Patricia Gentry The Board of Commissioners for the County of Person, North Carolina, met in regular session on Monday, November 15, 2021 at 9:00am in the Person County Office Building Auditorium. Chairman Powell called the meeting to order. Commissioner Sims offered an invocation and Vice Chairman Puryear led the group in the Pledge of Allegiance. DISCUSSION/ADJUSTMENT/APPROVAL OF AGENDA: A motion was made by Vice Chairman Puryear and carried 5-0 to approve the agenda. INFORMAL COMMENTS: Chairman Powell announced each speaker would have a two-minute time limit. The following individuals appeared before the Board to make informal comments: Dr. Katherine Fulkerson of 742 Robert Gentry Road, Timberlake, and a member of Person County’s Board of Adjustment, stated she was using this opportunity to get more involved with government. She said she had concerns on how the Flat River park area would be developed and requested more widespread education about the plans. Mr. Barry Allen of 4391 Moore’s Mill Road, Rougemont, and a resident on the Flat River stated the Board was likely to adopt the Joint Comprehensive Land Use Plan on this date and he wanted to note his reservation about another document listed in the Land Use Plan, the 2014 Parks and Recreation Master Plan that listed two priorities: 1) to develop a greenways master plan, and 2) to acquire land to create a greenway trail. Mr. Allen said there were no site specific locations noted in the plan, however in another document, it stated the Flat River is a riparian corridor that includes multiple tributaries; eventually these corridors are opportunities for public recreation. Mr. Allen stated the county has been quietly making plans for their Flat River properties without their knowledge. 53 November 15, 2021 2 Mr. Chris Weaver of 341 Satterfield Farm Road, Timberlake questioned what was the county quietly planning at the south side airpark and noted his displeasure of losing opportunities at the County’s mega site. Mr. Weaver said the county needed a leader in economic development with the current structure to go away. Mr. Jimmy B. Clayton of 717 Berman Clayton Road, Timberlake stated concerns of what may happen behind his property on the banks of the Flat River. Mr. Clayton encouraged the Board to take the greenway plan out of the Comprehensive Planning Ordinance. Mr. Brandon Vernon of 854 Blackard Road, Roxboro spoke in favor of the greenway plan on the County Farm. Mr. Jonathon Woods of 139 Fork Junction Road, Timberlake, and a resident on the Flat River across from the County Farm spoke in opposition of having random people traveling in and out of the County Farm property and suggested the Board look at the Little River Park, which would be a good representation. Ms. Anderson Clayton of 1416 Stone Drive, Roxboro stated support of the greenway trails; she also thanked folks supporting the Person County Democratic Party fundraiser and extended an invitation to attend the Democratic Party meeting this date at 7:00pm at 100 N. Main St. Roxboro. DISCUSSION/ADJUSTMENT/APPROVAL OF CONSENT AGENDA: A motion was made by Commissioner Gentry and carried 5-0 to approve the Consent Agenda with the following items: A. Approval of Minutes of November 1, 2021, B. Budget Amendment #9, C. Tax Adjustments for November 2021 a. Tax Releases b. NC Vehicle Tax System pending refunds D. Consideration of Approval of Late Exemption Application E. Consideration of Approval of Late Application for Religious Property, and F. A Resolution to Use Remaining Loan Proceeds for Re-roofing Construction of Old Helena School Gym 54 November 15, 2021 3 UNFINISHED BUSINESS: RESOLUTION OF ADOPTION OF THE PERSON COUNTY AND CITY OF ROXBORO JOINT COMPREHENSIVE LAND USE PLAN: The Board of Commissioners conducted the duly advertised public hearing for the review and adoption of the Person County and City of Roxboro Joint Comprehensive Land Use Plan at its meeting on November 1, 2021. Upon motion by Commissioner Gentry, the Board voted unanimously on November 1, 2021 to postpone action to adopt the Person County and City of Roxboro Joint Comprehensive Land Use Plan until the Board of Commissioners’ meeting on November 15, 2021. Commissioner Gentry stated the Comprehensive Land Use Plan is a wish plan joint effort between city and county without the force and effect of zoning or laws to which the County Manager, Heidi York said the Joint Comprehensive Land Use Plan is a visioning document for development. Commissioner Gentry asked if residents did not like the language in the Plan, can this Plan be modified or changed based on public input to which the County Attorney, Ellis Hankins stated yes. Mr. Hankins stated the Comprehensive Land Use Plan is required by law, if the Board wanted to exercise its authority for zoning and subdivision regulation, and other land use regulatory authority, i.e. greenways, parks, etc. Planning Director, Lori Oakley added at any point, the comprehensive plan could be amended by both the city and the county, or independently of each other noting Planning staff desired to bring any proposed changes to both entities to remain a joint land use plan. Ms. Oakley said the Land Use Plan before the Board for adoption was a very general document without site-specifics for any greenway, but a general objective to provide high quality parks and recreational opportunities. Mr. Epley of Benchmark stated there were no recommendations from the Parks and Recreation Master Plan placed into the Comprehensive Land Use Plan as it has not been completed. Commissioner Gentry reiterated the Plan before the Board was a general plan for the future without the effect of zoning or law. Chairman Powell stated as a member of the Comprehensive Land Use Plan committee, this plan was mandated by state statute and he agreed it was a general plan that has been in the works for two years or more noting there was an option to change the plan, as needed. Commissioner Sims said based on the information presented this date, he supported the Resolution of Adoption of the Person County and City of Roxboro Joint Comprehensive Land Use Plan. Vice Chairman Puryear asked if the City of Roxboro had taken action to adopt the resolution to which Ms. Oakley affirmed. He asked what would be the impacts if the county desired to make changes as the City has already adopted to which Mr. Hankins stated there was no requirement for the comprehensive plan adopted by the City and the County be the same. Although both entities have chosen to work jointly, neither entity was bound to work jointly and the County could, in fact, adopt some provisions that are different. 55 November 15, 2021 4 Commissioner Gentry asked to confirm the designation of parks and greenway that there was nothing specific in the plan to which Mr. Epley confirmed there were no maps in the Plan with only the one paragraph acknowledging that there is a Parks and Recreation Master Plan, with nothing specific in the Plan for greenway trails. Mr. John Hill, Director of Parks and Recreation, present in the audience, stated the current active Master Plan was adopted in 2014 noting this ten-year plan was due to be updated and used as a guideline for the county’s park system. A motion was made by Commissioner Gentry and carried 5-0 to approve a Resolution of Adoption for the Person County and City of Roxboro Joint Comprehensive Land Use Plan. 56 November 15, 2021 5 57 November 15, 2021 6 58 November 15, 2021 7 ECONOMIC DEVELOPMENT TASK FORCE SUMMARY INPUT FROM LEADERSHIP: Chairman Powell stated there was some misunderstanding and he needed to clarify the procedures related to Special Called Meetings and he asked County Attorney, Ellis Hankins to address this matter. Mr. Hankins stated, by law, the Board of Commissioners could conduct three types of meetings. The first is its regular –scheduled meetings, statutorily required to conduct once per month and typically the Person County Board of Commissioners hold two regular meetings per month; the legal significance of that is that the Board is free in a regular meeting to consider any matter the Board chooses to put on the agenda and/or amendments. Mr. Hankins noted an Emergency meeting is for an urgent, rare need, i.e. a hurricane is on the way and the Board must meet right away. Mr. Hankins said a special called meeting allows the Board to consider the matter(s) only that are mentioned in the Notice of a Special Meeting that schedules and calls the meeting. Mr. Hankins stated the rules of the procedure adopted by the Board of Commissioners, are consistent with the state statute; Rule 6, the Chairman alone can sign a notice of special meeting on behalf of the Board or a majority of the Board can sign a notice of a special meeting. Commissioner Gentry said at the Board’s last meeting the presentation for the Task Force presentation was rudely interrupted and she did not get to complete the information and the facts that were to be presented. She said the Task Force was very distraught about the fact the communications were shut down. Commissioner Gentry said the Task Force requested a meeting with the Board of Commissioners noting she sent an email to the Board of Commissioners twice asking the Board to meet jointly with the Task Force. She said three members of the Board did not have the courtesy to respond to her emails; therefore, the Task Force proceeded with their duly noticed special called meeting to clarify the findings. She said the Task Force special called meeting was recorded and posted on the county website. Commissioner Gentry stated she was not quite sure why the county commissioners would not want to meet with the Task Force as was done with the Builders Association when they had issues with the governance. Commissioner Sims stated he wanted to talk with the Task Force members individually or by small group and when he determined whether or not he could attend the Task Force meeting, it was less than 48-hours. Commissioner Gentry stated she wanted the opportunity to clarify a few things that were not finished. She said there was not an official report noting Vice Chairman Puryear was upset about not getting a report prior to the meeting. She added there was nothing for this governing body to vote on. Commissioner Gentry said the learning experience for her involved looking at a dozen counties that have different models noting the Task Force chose four models. She added the presentation to the Board was by a county of 20 years of economic development experience to lay out the model used to build their financial model to assist their economic development and instead of listening of how to develop a business model, it was about the differences of the size and population of the counties. 59 November 15, 2021 8 Commissioner Gentry said in 1915, the Chamber was formed to advance business interests in the town and the county. In 1951, the public sector raised $10,000 to promote Roxboro and Person County and between 1950-1955, the RDC, the Roxboro Development Corporation was established as a private entity for economic and industrial development in Person County. In 1960, Roxboro business leaders created the committee of 100, private citizens interested in industrial development pledging support for a go forward program. She said the suggestions the task force brought were first shared with the Chamber, whether or not they decided to take it up, which was up to them. Commissioner Gentry stated she did not understand the resistance to looking at new ideas and new information. She asked Vice Chairman Puryear if he was pleased with the growth as she noted Person County was one of five counties with a negative growth rate in the last decade while the rest of NC was on fire. She noted that Person County is rural and does not have the interstates and should capitalize on what the County can offer. Commissioner Gentry said the suggestions from the Task Force were ideas and information about what is possible. Vice Chairman Puryear stated before he made comments, he would like to hear from the entities as listed on the agenda. Chairman Powell said he did not receive a direct request for a joint meeting with the Task Force nor was there a vote by the majority of the Board of Commissioners for a joint meeting. He said there was a “press release” sent to the board clerk, however, there was no official meeting of the Task Force and Board of Commissioners scheduled. He noted the meeting was not live streamed as it was not an official board of commissioners’ meeting. Since a joint meeting was not called for by a majority of the board or the chairman, it did not meet the statutorily requirements of a meeting. Furthermore, if more than two commissioners attended the Task Force meeting, there would have been a violation as well. Once a quorum has been met, there are several procedural requirement that the Board of Commissioners must meet prior to set meeting. Chairman Powell said he hoped this clears up any misinformation or misunderstanding surrounding this matter. Commissioner Gentry, Economic Development Task Force liaison, presented findings and a summary to the Board of Commissioners on November 1, 2021. Vice Chairman Puryear made a motion that carried to continue this item to the Board’s next meeting on November 15, 2021 to allow leadership from the Chamber of Commerce, the Tourism Development Authority, EDC and the Uptown Development Group and any entities mentioned in the Task Force summary to read, review and provide input to the Board of Commissioners. Commissioner Gentry noted on the agenda the Chamber, EDC, Roxboro Uptown and Tourism are weighing in on the Task Force recommendations however, the only entity that was approached with the idea was the Chamber as they are a private entity, a nonprofit corporation for input. 60 November 15, 2021 9 Roxboro Area Chamber of Commerce Board Chairman, Woody Jacobs said the Board of Commissioners has lost sight of motivating people and helping others move forward as the focus has been on winning regardless of who gets knocked down in the process. Mr. Jacobs asked the Board to remember we are all on the same team regardless of party affiliation, position, private or public sector, etc. and to use our resources together to truly make a difference. Mr. Jacobs defined the role of the Chamber of Commerce and how they work with others to positively effect economic development as well as bring clarity and understanding to any misinformation passed along. As an organization that represents 329 members of the local business community, the Chamber is grateful to publicly speak for themselves since the discourse has begun. Mr. Jacobs said they value the work and responsibility of the Board of Commissioners, EDC partners and the TDA and what they believed as a positive intent from the members of the appointed Task Force to assist and move Person County forward. He noted they welcomed collaboration and encouraged input from members and partners on how to best be of service. The Chamber’s role is to lead, to promote, and support local business community and the mission has been implemented and evolved over the last 86 years. Mr. Jacobs said they could not lead the business community by acting on ill-prepared whims without strategic vision or genuine collaboration nor promote the business community while they are publicly attacked by those who have never bothered to engage with their organization. He added they could not support the business community in the middle of ever-shifting pandemic, an economic downturn, a hostile political environment, racial unrest and inequality, and a severe staffing shortage. Mr. Jacobs noted the Chamber board of directors were highly disappointed in the misinformation, lack of communication and sheer unprofessionalism that took place at the Board of Commissioners’ November 1, 2021 meeting. Mr. Jacobs said in Commissioner Gentry’s three-page document summarizing the Task Force findings, she stated “that Person County to date relies solely on funding granted by the Board of Commissioners”, and “no active private community participation in EDC process”, “the EDC has no real power and no achievements of true merit” were examples among many of the blanket statements that were used to portray a picture of failure and do not represent the facts. He added he did not think they truly reflected the findings given by the Task Force. Mr. Jacobs noted one of the things Mac Williams mentioned during his presentation was the participation in the Duke Site Readiness Program as one form of public/private partnership. In 2014, Duke Energy selected the Person County Mega Site for this exact program and in 2019 followed up with an additional grant to obtain engineering and environmental permits necessary for site development. Mr. Jacobs stated it was worth noting that Duke Energy continues to support economic development and workforce development efforts in Person County as noted below with over $350,000 in a public/private partnership funding. 2014 $32,500 for Site Readiness Program Destination and Support, 2016 $248,000 Workforce Development Grant for PCC, 2019 $20,000 Workforce Development Grant for PCC, 2019 $25,000 Economic Development Grant for Mega Site, and 2021 $25,000 Uptown Roxboro Hometown Grant 61 November 15, 2021 10 Mr. Jacobs further noted that Duke’s support goes beyond funding as the Duke Energy Team brought in site selection consultants, at Duke’s cost to review and provide feedback on Person County economic development activities. Additionally, Duke Energy regular assisted with Project Lead Generation as well as additional supports with projects with Polywood, the Eaton expansion and SpunTech. Mr. Jacobs opined other private partners providing funding and support with economic development with other major employers in the county. The mission of the Economic Development Task Force, as stated in the November 1, 2021 meeting presentation was to review and provide the Board of Commissioners with an economic development prototype that will provide a source of increased economic funding by means of a revised organizational structure, which will better serve economic development needs for Person County. Mr. Jacobs said what was presented in the summary was a one-sentence recommendation from the Task Force and some additional comments. As stated by Commissioner Gentry on November 1, 2021 that she tried unsuccessfully to meet with the Chamber for eight weeks because they were closed down, preventing her from the opportunity to meet with the Chamber team until September 18, 2021, Mr. Jacobs said they did, in fact, sit down with Commissioner Gentry on August 18, 2021 and this was a misrepresentation of the facts. Commissioner Gentry said she clarified in an email to Mr. Jacobs that she had the dates wrong to which Mr. Jacobs said she clarified it with him but not with the public. Mr. Jacobs said the Chamber faced a staffing challenge just like many businesses in the community, as they rallied as a team to remain open to serve members while the Chamber Executive Director was out of the office on maternity leave for eight weeks; he said the Chamber was closed for a total of three business days, not 40 days. Mr. Jacobs stated the executive director on her third day back in the office following maternity leave, and after hours, agreed to a meeting because Commissioner Gentry’s request was important and worthy of prompt attention. He added they anticipated a valuable discussion but instead received what they now see as a demand disguised as a presentation. That demand was that a private, nonprofit (the Chamber) spend limited membership funds to hire a recommended consultant. Mr. Jacobs said the Chamber Board fully supports its Executive Director as she reevaluates and collaborates with the EDC and TDA. Mr. Jacobs stated the need to come together and be people centered. Commissioner Gentry clarified for the record that she met with the Chamber Executive Committee and floated an idea; she said there were no demands to participate, no demands whatsoever. In fact, she added that Mr. Jacobs called her to say they liked the ideas. 62 November 15, 2021 11 Economic Development Commission (EDC) Chairman, Phillip Allen stated the EDC was made up of representatives of both the private and public sectors. Mr. Allen stated support of the Economic Development Director. He added the comments he will make have not been presented to the EDC and reflect his feelings related to the EDC. Mr. Allen recalled in January 2021 when Commissioner Gentry made her presentation on the proposed Task Force to the Board of Commissioners. Following, the EDC invited Commissioner Gentry to present to its EDC noting the word funding was mentioned 20 times and got their attention. Mr. Allen said in the absence of proper funding, the EDC was challenged to make the needed investments in infrastructure, product development and inventory, i.e. spec buildings, land acquisition, industrial parks and incentives. Mr. Allen said the EDC should not only welcome, but endorse conversations and discussions about funding. He added Commissioner Gentry came to the January 2021 EDC meeting noting the intention was not to dismantle or blow up the current EDC but instead to restructure the funding. Mr. Allen stated the EDC voted unanimously to endorse the proposed creation of the Task Force and he was confused with the Task Force’s recommendation which stated “build a cooperative model between public funding and private funding, partner with the Chamber of Commerce, Tourism, business and county government”. He asked does county government mean the EDC as currently structured or will there be a plan either now or in the future to reconstruct the entire organization. Mr. Allen said he would like to respectively disagree with the statement in the report that states there is no active private community participation in the EDC process and the statement that the EDC has no real power and has no achievements of true merit. Mr. Allen said they celebrated the announcement of Polywood’s expansion this summer that will create an additional 300 jobs on top of the 385 initially pledged to double the footprint and create the largest manufacturing facility in Person County at nearly one million square feet with nearly $100M investment that was an achievement of true merit. Mr. Allen said it is wonderful news when an existing industry announces an expansion as it validates that the community is doing it right. He added Polywood chose to come to Person County because of the responsiveness of Sherry Wilborn, Economic Development Director as well as the collaborating community support noting the City, the County, PCC, the State of NC, the Chamber of Commerce, the Recycling Center, and the EDC. Mr. Allen stated as Mr. Jacobs pointed out, Duke Energy continues to be the strongest partner with both funding and with their expertise. Mr. Allen noted that Dominion Energy and Piedmont Electric are also partners as well as private industry partners that support workforce development through donations and volunteering. Mr. Allen further noted that the county’s economic development efforts have also been supported over the years by the Golden Leaf Foundation and the Rural Infrastructure Authority along with other state and federal grant programs. Earlier this year, Mr. Allen said the EDC released a Request for Proposals for a public/private partnership and Ms. Wilborn as the director is in constant contact with the directors of the Chamber, TDA, Uptown Development Group as well as county departments and the City of Roxboro. Mr. Allen stated Dr. Senegal, PCC President has accompanied Ms. Wilborn on site visits and 63 November 15, 2021 12 the Chamber President has accompanied Ms. Wilborn on existing industry visits and the TDA is involved with the business support with business overlaps. He added the Uptown Roxboro tracks commercial and residential vacancies for Ms. Wilborn to share with prospects and developers. Mr. Allen stated there is constant and consistent collaboration. Mr. Allen spoke of the importance of the EDC and its role in planning and decision- making process noting a top priority was to perform a SWAT analysis and create a strategic plan, which is being carried out since its adoption in 2019. Because of the plan and efforts, critical infrastructure and improvements that are necessary for any development in the southern portion of the city and county are now underway. Mr. Allen told the group that the infrastructure, design and construction has been done for the Person County Mega Park and advanced development permits have been received. Another site on the North Park Drive has been brought to a greater level of site readiness through due diligence studies and permitting and the product development is underway. Other efforts include large investments in training and workforce development through the 6-14 Workforce Pipeline Program given the critical importance of having a skilled workforce in our economic development recruitment efforts. Mr. Allen thanked the Task Force members for their willingness to volunteer and he looks forward to more information on the final model and the funding component. Mr. Allen thanked the Board of Commissioners for its funding and support of economic development. Mr. Allen thanked Ms. Wilborn and the EDC members for their dedication and contributions. He asked the Board to remember economic development is a team sport and by working together they can make great things happen. Commissioner Gentry asked if she or the Task Force had mentioned that there was not collaboration between departments in the county noting their focus was on a private funding mechanism. Mr. Allen said the Task Force recommendation to build a cooperative model between public funding and private funding partnering with the Chamber to which Commissioner Gentry stated was a suggestion noting collaborating on information is different from collaborating on fundraising. Commissioner Gentry stated for the past decade, the county has had Polywood and its expansion and another expansion, noting all good things and the incentive package had something to do with that but was not significant for a decade of work. She asked was that enough to which Mr. Allen said it was not enough but the report stated there was no true merit and to him, it felt it was a true merit. Chairman Powell reiterated from previous meeting announcement related to conduct of those in the audience to maintain quietness as this session was not for people to speak and interrupt during board meetings, and if not adhered to, the Board will request to have those removed from the building. 64 November 15, 2021 13 Roxboro Uptown Director, Lynda Clayton sent this statement: “The Uptown Roxboro Group appreciates the Commissioners’ acknowledgement of our role in the community. Given that we were not expressly named in the Task Force report, we have not prepared any information to present at the Commissioners’ meeting. We maintain our support for our partner agencies and appreciate all of the hard work they are doing for our community. If specific information is needed from our group, please let me know. Otherwise, we will simply remain abreast of discussions about this topic.” Tourism Development Authority Board Chair, Dr. Claudia Berryhill said that neither the TDA director nor herself has been approached about how tourism fits into Person County’s economic development framework and are anxious to be involved. Dr. Berryhill said the TDA was created by legislation in 1997 so that a tax could be levied to overnight visitors in motels, cabins, inns, and now includes Airbnb, VRBO, Expedia and others. Dr. Berryhill noted the legislation mandates how the tax levy could be spent to further the development of travel and tourism in the county through advertising and promotion to sponsor tourist oriented events and activities and finance tourist-related capital projects. She further noted that the TDA provides grants and can be used for capital improvements of attractions as well as support festivals and other events that bring in folks to spend money on lodging, food, etc. Dr. Berryhill said the six-member TDA are appointed by the Board of Commissioners and the Roxboro City Council (three members each for a 3-year terms with one each designated as a hotel/motel operator). Dr. Berryhill said Visit North Carolina stats attributes economic impact of $35.2M to Person County in 2019-2020. When questioned how do tourism and hospitality industry contribute to economic development in Person County, Dr. Berryhill said property taxes paid on lodging site, employees needed for cleaning, maintenance, repair and upkeep and visitors buy food, gas, ice, trinkets and gifts. Entrepreneur businesses such as boat rental startup and artisans provides specialty retail items. When asked if the TDA actively seek industrial recruitment, retirees or small businesses outright, Dr. Berryhill said no, but the TDA is here to promote awareness of Person County. She said occupancy taxes collected are not designated as tourist or corporate by source and they do not have the official means to differentiate the two sources but the corporate world is the bread and butter of the taxes collected. Dr. Berryhill stated the TDA staff consists of one full time employee and one part time employee. Staff and TDA board members assist other organizations, i.e. Chamber, Uptown Roxboro Group, EDC, Person County Arts, Parks & Recreation Department with their projects and other projects as needed. Dr. Berryhill stated she watched the Task Force meeting videos and thanked those members for their time and effort evaluating potential strategies to enhance economic development. Dr. Berryhill contacted some of the same counties interviewed to review their TDA program and although they may be structured a little differently, they all have the same function to enhance the quality of life by attracting visitors and eventually businesses. 65 November 15, 2021 14 Dr. Berryhill said economic development is not just industrial development but is also supported by tourism, small business development, the Chamber, PCC as well as small business farms. Agricultural community of farms, forest, agri-tourism and agribusinesses also are major contributors to economic development. She said agriculture is our state’s and our county’s major economic driver and tourism and the military toggle for second and third place in state economy. Agriculture also contributes in other ways, quality of life and a way of life. She added farmland provides natural beauty, the basis of an eco-system that has a natural balance. Agriculture supports the aesthetic and health value of greenways, open spaces, starry nights and singing of birds. In addition, she made the Board aware of the need of broadband for the farming community for the technology to maximize yield and minimizes waste, which is a cost savings and protects the land from overuse of chemicals. Dr. Berryhill asked the Board to practice smart growth and identify what is good and to promote the good and work collaboratively to fix what needs to be fixed. Chairman Powell asked the commissioners if there were next steps or proposals. Commissioner Gentry stated there was nothing for the Board to vote on with the only proposal would be that every economic development program had an agreement with the private sector that included private sector funding mechanism. She added when a committee of 100 is formed to raise funds to support economic development from the private sector, the county should consider forming that public/private partnership. County Attorney, Ellis Hankins said the county has a wide range of discretion and authority to organize the economic development efforts and a potential to enter into additional or different agreements. Commissioner Gentry said all they have done was to investigate and present information and findings; she said it is up to the business community and up to the citizens of Person County. Commissioner Sims stated appreciation of the work the Task Force members have done and he thanked the folks providing input. He stated a concern and asked if there is a 501c3 private entity formed, will they be in competition for grants, etc. with the current economic development program noting this should be done as a team. He agreed that the Board was not ready for a vote today. Commissioner Gentry said competition was not a bad thing. Commissioner Palmer stated the consensus of everyone was to provide growth economically and by advancing industrial development generates jobs. He said jobs plus growth creates a stronger tax base for Person County and the state of NC. He thanked the Task Force members for all their time to help all departments within this county to provide growth for everyone. Vice Chairman Puryear stated that he and Chairman Powell had a very positive, productive meeting with a couple members of the Task Force to further discuss the concept, ask questions noting teamwork, a buy-in from all private entities for a model that fits Person County. He recalled a concept from 2007 called a Board of Boards that the Chamber, TDA 66 November 15, 2021 15 and Uptown Roxboro, if so desired can look at. Vice Chairman Puryear said he agreed with the concept and it was a matter of the approach and getting the buy-in. He noted he is on board with a public/private partnership to what can be accomplished and agreed with Commissioners Gentry and Sims that no motion nor recommendation was needed. Vice Chairman Puryear said private entities can contact members of the Task Force to further discuss the concept, to answer questions, and they would share their notes to go to the next phase. Chairman Powell said he had spoken with four of the Task Force members individually and appreciated their work. As the discussions continue, Chairman Powell stated he supported the formation of public/private partnership noting two-three years ago, the EDC were in process of developing a 501c3 and even drafted bylaws for this separate entity noting the process was interrupted; he stated support as the county moves forward with that process to develop a total independent nonprofit or a combination of public/private as next steps. Commissioner Gentry said it was now in the private sector’s hands. NEW BUSINESS: TOURISM DEVELOPMENT AUTHORITY ANNUAL REPORT 2020-2021: Tourism Development Authority (TDA) Executive Director, Marley Spencer presented to the Board its Annual Report for 2020-2021 to inform Person County leadership of the received occupancy tax revenue, use of budget, collaboration within the community, and progress made on annual goals. A copy of the TDA Annual Report was included in the Board’s agenda packet. Ms. Spencer stated data shared has been consolidated from varying surveys and reports by Visit North Carolina in the 2020 study “Economic Impact of Travel on North Carolina Counties”. This study was prepared for Visit North Carolina by Tourism Economics. For the purposes of this study, Person County was categorized as a member of the North Central region. The North Central region includes Chatham, Durham, Franklin, Granville, Harnett, Johnston, Lee, Orange, Person, Vance, Wake, and Warren counties. Of the 100 total counties, Person County ranked 75th in total visitor spending for 2020 in North Carolina. Visitor spending in North Carolina was down 31.7%, while Person County only saw a decrease of 16%. Overall, Person County residents saved an estimated $71.80 each, which is competitive with other counties and more than Chatham, Franklin, Graham and Harnett counties and only provided $7.00 less per resident than Orange County. Savings per resident is $1.00 less than Alamance County based on their visitor spending. Ms. Spencer said these estimates goes hand-in-hand with the type of market Person County is striving for as Person County is not a tourism-dependent market noting the market and revenues exist to supplement the quality of life community when continuing to support the demand for travel to destination and quality of experience of destination. 67 November 15, 2021 16 Ms. Spencer provided and overview of the TDA 2020-2021 budget as displayed below. Projected Revenue Occupancy Tax $195,000 Interest $500 Total $195,500 Projected Expenditures Amount % of Budget Tourism Related $21,320 11% Tourism Promotion $153,791.49 79% Excess Directed to Fund Balance $20,388.51 10% Total $195,500 Ms. Spencer noted that across the state of North Carolina, destinations were impacted by the global pandemic to varying degrees. The North Central region was hit hardest in 2020 when measured by total room revenues, with a total decrease of 51% from 2019 to 2020. The next two highest decreases seen were in the Southwest and Piedmont Triad with decreases of 49.5% and 44.9%, respectively. These figures were reported in the “2020 North Carolina Lodging Report” published by Visit North Carolina. This calculation differs from standard occupancy tax collections, as it is not relative to a fiscal year, but is reflective of a calendar year. Person County experienced an increase from 2019 to 2020 of .7%. Occupancy tax revenue, pre-collection fee, for the calendar year of 2019 totaled $257,909, and the total for 2020 was $259,695. Overall, North Carolina saw an average decrease in room revenue of 41.2% from 2019 to 2020. Ms. Spencer further noted the FY 2020-2021 was impacted in a variety of ways, both positive and negative, by the COVID-19 Pandemic. An opportunity that arose out of the pandemic, was extended funding for tourism agencies. TDA successfully submitted and were awarded $14,000 in grant funds through this program. With these funds TDA executed a Paid Social Program, an ad campaign with Garden & Gun magazine, and an Instagram User Generated Content (UGC) Promotion Partnership with Visit North Carolina. The Garden & Gun campaign resulted in 625,020 impressions, and 321 clicks. Ms. Spencer said TDA continues to maintain two slots in the material racks at Raleigh Durham International Airport with a rotation of tourism generated brochures, local maps, and the Roxboro Business Guide. Soon we will have Hyco Lake Magazine will be supplied in that spot as well. An uptick in social media activity has been realized. 68 November 15, 2021 17 Looking ahead at this current fiscal year, Ms. Spencer said they are considering an update to the visual representation of the TDA branding as well as in process of way- finding signage implementation, a community map brochure in the works, a navigational roadmap is forthcoming as well as an outdoor pamphlet and map display at the Visitor’s Center and a plan to increase gift shop options as well. Ms. Spencer said the TDA Grant Program occurs annually within each fiscal year. This program is advertised publicly, and exists to support through funding, the marketing or promotion of events, development of tourism related programming, and development of other local projects that directly relate to the development and support of tourism in Person County. In the FY 2020-2021, TDA awarded $6,734.55 in grant funds. These funds were awarded to multiple local agencies including Person County Museum of History (PCMH), RACC, and URG. The projects included beautification, development of local attractions, and event promotion. The total amount awarded for 2020-2021 is artificially low due to COVID-19, and the TDA fully expects to be back on target, fulfilling the budget in FY 2021-2022. Ms. Spencer told the group the TDA will continue its grant program, as well as resume the annual tourism summit, designed to facilitate conversations between organization leadership regarding tourism and economic development. She added the TDA goals moving forward are grounded with intention to continue support of local organizations and efforts to engage the community, provide for the community, and grow the community. Ms. Spencer said it is existing and future collaboration with these organizations, as well as tourism partners, and community members that will aid the growth of the relationship between tourism and this community, together achieving our vision. Ms. Spencer thanked TDA partnering organizations which include the Person County Board of Commissioners, the Person County Economic Development Department, the Person County Arts, Parks and Recreation Department, Roxboro City Council, Uptown Roxboro Group, Roxboro Area Chamber of Commerce and local hospitality businesses. Commissioner Gentry asked Ms. Spencer what is TDA’s engagement with the community, i.e., website, Facebook level of participation. Ms. Spencer responded that the Visitor’s Center is open 9:00am-5:00pm during the week with full coverage with plans to open on Saturdays. Currently, Ms. Spencer said she was not satisfied with the level of traffic on the website noting it lacks sufficient information on the county’s assets. She added she plans to implement further information on the website with target marketing noting she sees an increase when blogs are posted. Ms. Spencer stated she set high expectations with social media and working to load upcoming events noting a higher response with Facebook over Instagram. Ms. Spencer said she has not actively engaged with TDA twitter account but as she planned to target the market as she starts engaging. Commissioner Gentry said the Twitter engagement was low and did not make a significant impact. 69 November 15, 2021 18 Commissioner Gentry request a brief recess to which Chairman Powell announced a brief recess at 11:07am; Chairman Powell reconvened the meeting at 11:14am. VAYA HEALTH UPDATE: Assistant County Manager, Katherine Cathey stated Person County was in the process of transitioning mental health services from Cardinal Innovations Healthcare to Vaya Health, effective January 1, 2022, due to a consolidation of the two LME/MCOs (local management entities/managed care organizations). Ms. Cathey introduced Mr. Brian Ingraham, President & CEO of Vaya Health to provide an update on the transition to the Board. Mr. Brian Shuping, Executive Director of Community Relations was also present in the audience. Mr. Ingraham stated Vaya’s Regional Director of Community Relations. Elliot Clark was unable to attend the meeting this date. Mr. Ingraham shared the following presentation with the group: 70 November 15, 2021 19 71 November 15, 2021 20 72 November 15, 2021 21 73 November 15, 2021 22 74 November 15, 2021 23 75 November 15, 2021 24 76 November 15, 2021 25 County Manager, Heidi York stated Person County was excited at the new partnership for enhanced services and outreach to the community including an on-site law enforcement assessment by a medical professional at the beginning of the next fiscal year. Mr. Ingraham explained a continuum of care is in place to fill the gaps for access to services with well-trained clinicians with Youth Villages; he added that Vaya has had much success designing an organization in rural counties with the continuum of care under one roof to response to walk-ins, access to the medical corp., crisis intervention, mobile crisis and ongoing treatment. 77 November 15, 2021 26 APPOINTMENT TO VAYA HEALTH REGIONAL BOARD: Assistant County Manager, Katherine Cathey stated the Person County Board of Commissioners has sole authority to select up to two representatives to serve on a Vaya Health regional board. She noted the regional board membership would include county commissioners and subject matter experts. One representative must be an elected county commissioner. A second representative (optional) may be a representative from the county that meets the following criteria: a county commissioner, county manager, Department of Social Services director, public health director, or law enforcement representative. Ms. Cathey explained each NC regional board would appoint two members to the governing board. The regional boards will help ensure Vaya’s governing board is responsive to local needs and will create opportunities for regional collaboration. Vaya’s new governance structure has been established in response to the consolidation of Cardinal Innovations and Vaya. Chairman Gordon Powell currently serves as the Person County representative on the Cardinal Innovations Healthcare Board of Directors. Ms. Cathey requested Board consideration to appoint one or two representatives (one commissioner with the other one optional) to the Vaya Health Regional Board. A motion was made by Commissioner Sims to appoint Chairman Gordon Powell to the Vaya Health Regional Board. An amended motion was made by Vice Chairman Puryear and carried 5-0 to appoint Chairman Gordon Powell and Public Health Director, Janet Clayton to the Vaya Health Regional Board as Person County representatives. 78 November 15, 2021 27 AN UPDATE ON PERSON INDUSTRIES AND THE PERSON COUNTY RECYCLING CENTER: Person Industries, Director, Amanda Everett provided an update on both Person Industries and the Recycling Center as requested by Commissioner Gentry. A Feasibility Study is underway to merge the operations of both functions into a combined space for improved efficiencies and updates for equipment. Ms. Everett outlined the progress on the Feasibility Study noting she initially met with RRS on September 27, 2021. She said she submitted the County’s data for demographics, needs of operations, and facility details on October 29, 2021. Ms. Everett hosted a site visit with RRS on November 12, 2021 to discuss system and equipment options as well as updates to the building that would be needed to make the facility ADA accessible to sort material more efficiently. Ms. Everett stated she was expecting an update from RRS by the end of November with a plan for equipment updates by the end of the calendar year. Ms. Everett stated Person Industries has returned to full operation following the COVID-19 pandemic noting Person County Group Homes would be returning the following week. She said the Adult Developmental Vocational Program, that has been on hold for five years will be bringing in new consumers. Ms. Everett said Person Industries is working diligently with Vaya Health as staff consider the consolidation of the two facilities. Ms. Everett provided handouts of their recycling educational materials illustrating not to bag recyclables and to recycle together emptied and rinsed plastic, metal, paper, and cardboard items. In separate containers, also accepted are glass, electronic, pallets, scrap metal, shredded paper and tires. The flyers also noted items that they do not accept in the recycling program. Ms. Everett said Person Industries and the Recycling Center want to continue its partnership with Clayton and Hurdle and recent communication with Clayton and Hurdle resulted in their mailing educational flyers to their customers. Commissioner Gentry suggested Ms. Everett mail to all residents the educational materials to which Ms. Everett stated they were seeking a grant for such purpose. 79 November 15, 2021 28 FY2022 ISO FIRE RATING REDUCTION BONUSES: Assistant County Manager, Katherine Cathey stated the Board of Commissioners established a process to reward fire departments for their efforts to lower the ISO fire rating for the county’s rural fire districts by awarding a recurring $7,500 from the Fire Tax District Fund for each ISO fire rating point reduction achieved. Reduced ISO fire ratings demonstrate an improvement in how well the fire departments can protect the community and result in savings to county residents on their homeowner’s insurance. Previously, Timberlake VFD and Semora VFD lowered their ISO fire ratings and received bonuses. Ms. Cathey noted the Ceffo VFD was scheduled for an inspection in December. Effective January 1, 2022, Ms. Cathey said the following fire departments have lowered their ISO fire ratings: Fire Department Current ISO Rating ISO Rating Effective 1/1/22 Bonus Allensville VFD 9S 5 $30,000 Hurdle Mills VFD 9S 6 $22,500 City of Roxboro (Person County 1) 9S 4 $37,500 Ms. Cathey asked the Board to consider approving the contract addenda and award bonuses; if approved by the Board the contact addenda will be executed and the bonuses will be added to the departments’ FY2022 Fire Tax District Fund allocations. A motion was made by Vice Chairman Puryear and carried 5-0 to approve the contract addenda for the Allensville VFD, Hurdle Mills VFD and the City of Roxboro (Person County 1), as presented. 80 November 15, 2021 29 81 November 15, 2021 30 82 November 15, 2021 31 83 November 15, 2021 32 84 November 15, 2021 33 85 November 15, 2021 34 86 November 15, 2021 35 RESOLUTION ESTABLISHING THE PERSON COUNTY BOARD OF COMMISSIONERS’ 2022 SCHEDULE OF REGULAR MEETINGS: County Manager, Heidi York stated North Carolina General Statute 153A-40 requires the Board of Commissioners to hold a regular meeting at least once a month. Ms. York presented a Resolution Establishing the Board of Commissioners’ 2022 Schedule of Regular Meetings for consideration, discussion and adoption. Ms. York noted as the Board took action to hold the majority of its regular scheduled meetings in the County Office Building Auditorium in 2021 due to COVID-19, and the attached schedule of meetings has kept that standard unless the auditorium was unavailable. The Board may take action when deemed appropriate to conduct its meetings in the commissioners’ boardroom 215. In addition, Ms. York further noted there was no conflict with the proposed schedule related to the state and national association conferences. A motion was made by Vice Chairman Puryear and carried 5-0 to adopt a Resolution Establishing the Person County Board of Commissioners’ 2022 Schedule of Regular Meetings so to cause copy of such to be distributed and posted. 87 November 15, 2021 36 88 November 15, 2021 37 89 November 15, 2021 38 FISCAL YEAR 2022-2023 BUDGET CALENDAR: County Manager, Heidi York presented Fiscal Year 2022-2023 budget calendar for the Board’s adoption, outlining a schedule for the timing of the budget process. She said a Board Retreat was planned for February 22nd, along with the Capital Improvement Plan adoption in April, Presentation of the Recommended Budget in May, a required Budget Public Hearing on June 6th and Adoption of the FY2022-2023 Budget Ordinance on June 20th. Ms. York said the dates outlined are subject to change if needed, but this will facilitate an organized budget process for staff and elected officials. A motion was made by Vice Chairman Puryear and carried 5-0 to adopt the budget calendar for Fiscal Year 2022-2023, as presented. 90 November 15, 2021 39 91 November 15, 2021 40 CHAIRMAN’S REPORT: Chairman Powell had no report. MANAGER’S REPORT: County Manager, Heidi York provided an update to the Board related to the federal OSHA mandate to require organizations with 100 or more employees to either be vaccinated or have required negative weekly COVID-19 testing. She noted the mandate has been appealed and by this being in the courts, the NC Dept. of Insurance has recommended for counties to hold on any requirement at this time. Ms. York noted her question whether this mandate was extended to county elected officials was not answered. Commissioner Palmer stated he would not participate as it was unconstitutional. COMMISSIONER REPORT/COMMENTS: Commissioner Sims reported that Captain Ricky Hughes was presented the Enrique S. Camarena award by the NC State Elks Association of Elks. Captain Hughes has served in the Roxboro/Person County community for 23 years and was the second officer in North Carolina to receive this recognition. There were no reports or comments from Vice Chairman Puryear nor Commissioners Gentry and Palmer. ADJOURNMENT: A motion was made by Commissioner Palmer and carried 5-0 to adjourn the meeting at 12:27pm. _____________________________ ______________________________ Brenda B. Reaves Gordon Powell Clerk to the Board Chairman (Draft Board minutes are subject to Board approval). 92 12/6/2021 Dept./Acct No.Department Name Amount Incr / (Decr) EXPENDITURES General Fund General Government 30,043 Public Safety 39,660 Human Services 409,742 REVENUES General Fund Other Revenues 49,368 Intergovernmental Revenues 433,077 Fund Balance Apppropriation (3,000) EXPENDITURES Airport Construction Capital Project Fund FAA NPE-2013 (100,515) FAA NPE-2014 (166,667) FAA NPE-2020 (166,666) Fuel System Upgrade (166,667) Executive Hangar 708,799 Runway Extension (10,000,000) Runway 6-24 (17,060) REVENUES Airport Construction Capital Project Fund Federal 114,122 State (10,015,354) Local (7,544) Explanation: BUDGET AMENDMENT Reducing fund balance appropriation (-$3,000) to recognize scholarship funding in Parks & Recreation from JCPC grant monies ($3,000); receipt of sale proceeds for recycled ipads and cell phone in the IT Department ($43); recognize 2021 Governor's Crime Commission Grant for the Sheriff's Department ($23,335); receipt of insurance claim for totalled vehicle in the Sheriff's Department ($14,124); recognize donations received for Animal Services Department ($2,201); received contribution from Republic Services for broadband study ($30,000); recognize grant adjustments in the Health Department for the Communicable Disease Program, WIC Grant and Adult Health Promotion Grant ($409,742); close-out of various airport grant projects and non-primary entitlement funds that were applied and completed in FY21 (-$617,575); apply 2020 non-primary entitlement and other grant funds received from NCDOT for the Executive Hangar Project ($708,799); and reduce the State grant budget for the Runway Extension Project until approved by the NCDOT (-$10,000,000). BA-1093 AGENDA ABSTRACT Meeting date: December 6, 2021 Agenda Title: Board of Education’s Resolution Requesting Approval from Person County Board of Commissioners for the Transfer of Funds to Capital Outlay Summary of Information: The Board of Education passed the attached Resolution on November 15, 2021 to request approval from the Board of Commissioners to transfer $400,251 from the County’s funding for the Schools’ current expense allotment to their regular capital outlay expense line to comply with ADA requirements for playground safety and increase safety on school activity buses. According to the Resolution, the Board of Education “has sufficient unappropriated and undesignated funds in its Local Current Expense Fund that is available to provide the additional $400,251 for the proposed capital educational priorities”. If approved, the County’s budget would be amended as follows: Account Number Account Description Revenues Expenditures 1005911-462400 Schools - Current Expense (400,251) 1009821-401021 Transfer to the Capital Investment Fund 400,251 21070-398010 Transfer from the General Fund 400,251 2105911-462700 Schools - Capital Outlay 400,251 Recommended Action: Approve the Board of Education’s Request to transfer funds from current expense to capital outlay for $400,251. Submitted By: Amy Wehrenberg, Finance Director 94 95 AGENDA ABSTRACT Meeting Date: December 6, 2021 Agenda Title: Approval of Bonds of the Finance Director, the Register of Deeds, the Tax Administrator and the Sheriff Summary of Information: Chapter 161(Register of Deeds) and 162 (Sheriff) of the North Carolina General Statutes requires the Board of County Commissioners to approve the official bonds at the first meeting in December. The Bonds are a continuation of existing bonds and were secured by the County Human Resources Director, who also serves as Insurance Liaison. The Human Resources Director provided information that the Sheriff’s bond, in the amount of $25,000, is for the length of his term. The Bonds of the Register of Deeds in the amount of $50,000 and $100,000 each for the Tax Administrator and Finance Director (amount of each Bond is dictated by legislature). Recommended Action: Approve the Bonds of the Finance Director, the Register of Deeds, the Tax Administrator and the Sheriff Submitted By: Ellis Hankins, County Attorney 96 AGENDA ABSTRACT Meeting date: December 6, 2021 Agenda Title: Presentation of the Annual Comprehensive Financial Report for Fiscal Year Ending June 30, 2021 Summary of Information: Auditors from Elliott Davis, LLC and the Finance Director will be presenting to the Board the Annual Comprehensive Financial Report (ACFR) for Person County for Fiscal Year ending June 30, 2021. Recommended Action: Receive the information. Submitted By: Amy Wehrenberg, Finance Director 97 Annual Comprehensive Financial Report For the Year Ended June 30, 2021 Prepared by the Person County Finance Department Issued October 2021 County of Person 304 South Morgan Street, Room 219 Roxboro, North Carolina 27573 Person County, North Carolina 98 Person County, North Carolina Annual Comprehensive Financial Report Table of Contents For the Year Ended June 30, 2021 INTRODUCTORY SECTION Page Letter of Transmittal ................................................................................................................................................................................. 2-6 Certificate of Achievement for Excellence in Financial Reporting ........................................................................................................... 7 Principal Officials ........................................................................................................................................................................... 8 Organization Chart ......................................................................................................................................................................... 9 FINANCIAL SECTION Independent Auditor’s Report .............................................................................................................................................................. 10-12 Management’s Discussion and Analysis ............................................................................................................................................. 13-23 Basic Financial Statements: Government-Wide Financial Statements: Exhibit 1: Statement of Net Position ................................................................................................................................. 24 Exhibit 2: Statement of Activities ................................................................................................................................ 25-26 Fund Financial Statements: Exhibit 3: Balance Sheet – Governmental Funds .............................................................................................................. 27 Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position .............................................. 28 Exhibit 4: Statement of Revenues, Expenditures, and Changes in Fund Balances - Governmental Funds .................................................................................................................................................... 29 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities ............................................................................. 30 Exhibit 5: Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual – General Fund ......................................................................................................................................... 31 Exhibit 6: Statement of Revenues, Expenditures and Changes in Fund Balances- Budget and Actual- Person Industries Community Rehabilitation Program and Material Recovery Facility Fund ............................................ 32 Exhibit 7: Statement of Net Position – Proprietary Funds ........................................................................................................... 33 Exhibit 8: Statement of Revenues, Expenses and Changes in Fund Net Position – Proprietary Funds ..................................... 34 Exhibit 9: Statement of Cash Flows– Proprietary Funds ............................................................................................................. 35 Exhibit 10: Statement of Fiduciary Net Position – Fiduciary Funds ........................................................................................... 36 Exhibit 11: State of Changes in Fiduciary Net Position ............................................................................................................... 37 Notes to the Financial Statements ..................................................................................................................................... 38-72 Required Supplemental Information: Other Postemployment Benefits: Exhibit A-1: Schedule of Changes in Total OPEB Liability and Related Ratios ....................................................................... 73 Local Governmental Employee’s Retirements System (LGERS): Exhibit A-2: Schedule of County’s Proportionate Share of Net Pension Liability (LGERS) ............................................... 74 Exhibit A-3: Schedule of County Contributions (LGERS) ................................................................................................. 75 Register of Deed’s Supplemental Pension Fund: Exhibit A-4: Schedule of County’s Proportionate Share of Net Pension Asset- Register of Deed's Supplemental Pensions Fund ................................................................................................................................................... 76 Exhibit A-5: Schedule of County Contributions Register of Deed's Supplemental Pension Fund ............................................ 77 Law Enforcement Officers’ Special Separation Allowance: Exhibit A-6: Schedule of Changes in Total Pension Liability ............................................................................................. 78 Exhibit A-7: Schedule of Total Pension Liability as a Percentage of Covered Payroll ......................................................... 79 99 Person County, North Carolina Annual Comprehensive Financial Report Table of Contents For the Year Ended June 30, 2021 Combining and Individual Fund Statements and Schedules: Major Governmental Funds: Exhibit B-1: Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – General Fund .................................................................................................................................... 80-87 Exhibit B-2: Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual – Reappraisal Fund ................................................................................................................................... 88 Exhibit B-3: Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – ARPA Fund ........................................................................................................................................... 89 Nonmajor Governmental Funds: Exhibit C-1: Combining Balance Sheet – Nonmajor Governmental Funds ........................................................................... 90-91 Exhibit C-2: Combining Statement of Revenues, Expenditures, and Changes in Fund Balance - Nonmajor Governmental Funds.......................................................................................................................................... 92-93 Schedule of Revenues, Expenditures and Changes in Fund Balance–Budget and Actual: Exhibit C-3: Fire Tax District Fund ......................................................................................................................................... 94 Exhibit C-4: Emergency Telephone System Special Revenue Fund ..................................................................................... 95 Exhibit C-5: Revolving Loan Special Revenue Fund ............................................................................................................. 96 Exhibit C-6: Economic Catalyst Fund ..................................................................................................................................... 97 Exhibit C-7: Water and Sewer Construction Reserve Special Revenue Fund ...................................................................... 98 Exhibit C-8: Sherriff’s Execution Fund ................................................................................................................................... 99 Exhibit C-9: Social Services Representative Payee Fund .................................................................................................... 100 Exhibit C-10: Capital Investment Fund ................................................................................................................................. 101 Exhibit C-11: Airport Capital Projects Fund ......................................................................................................................... 102 Exhibit C-12: Capital Improvement Projects Fund ............................................................................................................... 103 Exhibit C-13: CDBG Fund .................................................................................................................................................... 104 Exhibit C-14: Person County Recycling Center and Various Roofing Capital Projects Fund ........................................... 105 Exhibit C-15: Roxplex & Various Improvements Project Fund .......................................................................................... 106 Exhibit C-16: Waterline Extension RRSG Fund .................................................................................................................. 107 Exhibit C-17: Public Safety Towers and Broadband Fund .................................................................................................. 108 Enterprise Fund Exhibit D-1: Schedule of Revenues, Expenditures and Changes in Fund Balance– Budget and Actual – Stormwater Fund .................................................................................................................................. 109 Internal Service Fund Exhibit E-1: Schedule of Revenues, Expenditures and Changes in Fund Balance– Budget and Actual – Insurance Fund..................................................................................................................................... 110 Custodial Funds Exhibit F-1: Combining Statement of Fiduciary Net Position ............................................................................................. 111 Exhibit F-2: Combining Statement of Changes in Fiduciary Net Position .......................................................................... 112 Other Schedules: Exhibit G-1: Schedule of Ad Valorem Taxes Receivable................................................................................................................ 113 Exhibit G-2: Analysis of Current Tax Levy ..................................................................................................................................... 114 100 Person County, North Carolina Annual Comprehensive Financial Report Table of Contents For the Year Ended June 30, 2021 STATISTICAL SECTION Government-wide information: Schedule 1: Net Position by Component ................................................................................................................................... 115-116 Schedule 2: Changes in Net Position ......................................................................................................................................... 117-120 Fund information: Schedule 3: Governmental Activities Tax Revenues by Source ..................................................................................................... 121 Schedule 4: Fund Balances, Governmental Funds .................................................................................................................... 122-123 Schedule 5: Changes in Fund Balances, Governmental Funds ................................................................................................. 124-125 Schedule 6: General Governmental Tax Revenues by Source ........................................................................................................ 126 Schedule 7: Assessed Value and Actual Value of Taxable Property ....................................................................................... 127-128 Schedule 8: Direct and Overlapping Governments-Property Tax Rates ......................................................................................... 129 Schedule 9: Principal Property Tax Payers ................................................................................................................................ 130-131 Schedule 10: Property Tax Levies and Collections .......................................................................................................................... 132 Schedule 11: Ratios of Outstanding Debt by Type .......................................................................................................................... 133 Schedule 12: Ratios of Net General Bonded Debt Outstanding ...................................................................................................... 134 Schedule 13: Legal Debt Margin Information ........................................................................................................................... 135-136 Schedule 14: Direct and Overlapping Governmental Activities Debt ............................................................................................. 137 Schedule 15: Demographic and Economic Statistics ....................................................................................................................... 138 Schedule 16: Principal Employers .................................................................................................................................................... 139 Schedule 17: Full-time Equivalent County Government Employees by Function ......................................................................... 140 Schedule 18: Operating Indicators by Function ........................................................................................................................ 141-142 Schedule 19: Capital Asset Statistics by Function ............................................................................................................................ 143 COMPLIANCE SECTION Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards ......................................................................................................................................................144-145 Report on Compliance with Requirements Applicable to Each Major Federal Program and Internal Control over Compliance in Accordance with OMB Uniform Guidance and the State Single Audit Implementation Act .................................................................................................................146-147 Report on Compliance with Requirements Applicable to Each Major State Program and Internal Control over Compliance in Accordance with the Uniform Guidance and the State Single Audit Implementation Act .......................................................................................................................148-149 Schedule of Findings and Questioned Costs .......................................................................................................................150-151 Corrective Action Plan .............................................................................................................................................................. 152 Summary Schedule of Prior Audit Findings .......................................................................................................................153-154 Schedule of Expenditures of Federal and State Awards .....................................................................................................155-158 101 INTRODUCTORY SECTION INTRODUCTORY SECTION 102 2 PERSON COUNTY 304 SOUTH MORGAN STREET  ROXBORO, NORTH CAROLINA 27573  (336) 597‐1726  The Board of County Commissioners Person County, North Carolina October 29, 2021 To the County Manager, Members of the Board of County Commissioners, and Citizens of the County of Person: State law requires that each fiscal year all general-purpose local governments publish a complete set of financial statements presented in conformity with generally accepted accounting principles (GAAP) and audited in accordance with generally accepted auditing standards by a firm of licensed certified public accountants. Pursuant to that requirement, we hereby issue the comprehensive annual financial report of the County of Person (the “County”) for the fiscal year ended June 30, 2021. This report consists of management’s representations concerning the finances and the completeness and reliability of all of the information presented in this report. To provide a reasonable basis for making these representations, management of the County has established a comprehensive internal control framework that is designed both to protect the government’s assets from loss, theft, or misuse and to compile sufficient reliable information for the preparation of the County’s financial statements in conformity with GAAP. Because the cost of internal controls should not outweigh their benefits, the County’s comprehensive framework of internal controls has been designed to provide reasonable rather than absolute assurance that the financial statements will be free from material misstatement. As Finance Director, I assert that, to the best of my knowledge and belief, this financial report is complete and reliable in all material respects. The County’s financial statements have been audited by Elliott Davis, PLLC, a firm of licensed certified public accountants. The goal of the independent audit was to provide reasonable assurance that the financial statements of the County for the fiscal year ended June 30, 2021, are free of material misstatement. The independent audit involved examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; assessing the accounting principles used and significant estimates made by management; and evaluating the overall financial statement presentation. The independent auditor concluded, based upon the audit, that there was a reasonable basis for rendering an unmodified opinion that the County’s financial statements for the fiscal year ended June 30, 2021, are fairly presented in conformity with GAAP. The independent auditor’s report is presented as the first component of the financial section of this report. The independent audit of the financial statements of the County was part of a broader, federally mandated “Single Audit” designed to meet the special needs of federal grantor agencies. The standards governing Single Audit engagements require the independent auditor to report not only on the fair presentation of the financial statement, but also on the audited government’s internal controls and compliance with legal requirements, with special emphasis on internal controls and legal requirements involving the administration of federal awards. These reports are in the Compliance Section of the report. GAAP requires that management provide a narrative introduction, overview, and analysis to accompany the basic financial statements in the form of Management’s Discussion and Analysis (MD&A). This letter of transmittal is designed to complement the MD&A and should be read in conjunction with it. The County’s MD&A can be found immediately following the report of the independent auditors. Description of the County Person County was established in 1792 and is a political subdivision of the State of North Carolina. It is located in the Central Piedmont in an area of beautiful rolling hills and long, low ridges on the border of the State of Virginia. It is within one hour's driving time of Raleigh-Durham International Airport, the fast-growing metropolitan areas of the Triangle and the Triad, and the Research Triangle Park, a center for high-technological research and manufacturing. The County operates under the County Manager form of government. Policy-making and legislative authority are vested in a governing Board of Commissioners (the “Board”) consisting of five members who each year select one among themselves as Chairman and Vice Chairman. The Board is responsible for passing ordinances, adopting the annual budget, appointing committees and hiring the government’s manager and attorney. The manager is responsible for carrying out the policies and ordinances of the Board, overseeing the day-to-day operations of the government and appointing the heads of the various departments. The Board is elected on a partisan, at large basis every two years and serves four-year staggered terms. The County provides its citizens with a wide range of services that include public safety, health and social services, cultural and recreational activities, general administration, and others. This report includes all the County's activities in maintaining these services. The County also extends financial support to certain boards, agencies, and commissions to assist their efforts in serving citizens. Among these are the following: Person County Board of Education; Piedmont Community College; Person County Tourism Development 103 3 Authority; Developmental Disabilities, Substance Abuse Authority (Cardinal Health Innovations); and Kerr-Tar Regional Council of Governments. Since the County Commissioners appoint three members of the Person County ABC Board (the "ABC Board") and the Person County Tourism Development Authority, the government-wide statements include both entities as discretely presented component units. The annual budget provides the foundation for the County’s financial planning and control. The budget is a legally adopted ordinance that is developed with input from citizens, county departments, and various agencies in the County. The Manager uses funding requests from all departments and agencies to develop a proposed budget that is presented to the Board for review. Local Economy The information presented in the financial statements is perhaps best understood when it is considered from the broader perspective of the specific environment within which Person County operates. Like the rest of the country, at the start of FY21, Person County, NC, was still experiencing the effects of the COVID-19 pandemic. Unemployment rose as employers from all sectors struggled to find workers. Despite this, average annual wages for Person County rose from $42,249 in 2020 to $42,446 in 2021. Some data lost as a result of a cyber attack on Person County in 2020 prohibits comparisons in building permits from 2020 to 2021. FY 2021 Economic Development efforts in Person County focused on the following:  Product development – The Person County Economic Development Department and Economic Development Commission received a 404 permit from the US Army Corps of Engineers for clearing and grading impacts on the Person County Mega Park. Waterline construction to the megasite was also completed. Due diligence was done on the Person County North Park including Phase I ESA, wetland delineation, Geotech study, and permitting for wetland impacts, soil and erosion control, and driveway permits.  Marketing, Recruitment, and Business Development – While travel was still on hold, virtual site selection visits and evaluations were conducted. Print advertisements were published in multiple organizations, and project activity saw a large spike, especially for large projects suited for the Person County Mega Park. Expansion services were provided for one local industry, and numerous developer inquiries were supported. (Loxcreen building, Somerset Mills building, etc.)  Existing Industry and Small Business Support – Person County ED staff partnered with Health Department staff to coordinate workforce vaccination with the manufacturers.  Workforce Development – The ED Director served on the Person County Schools CTE Advisory Board and provided specialized data to PCS and Piedmont Community College and also participated in the Capital Area Workforce Study.  Administrative –A Senior Administrative Support Specialist was hired for the department in August 2020, filling a vacancy that had spanned 13 months. The Director obtained the CEcD professional accreditation in October 2020 and real estate license in April of 2021. A request for an Assistant ED Director was included in the budget process. Person County Economic Development Commission (EDC), the County's industrial recruitment arm and liaison with local industry, is an active member of the Regional Triangle Regional Partnership (RTRP). The Commission is made up of business, professional and elected leaders and citizens. ED staff works closely with this board and other affiliate partners to enhance opportunities for positive economic outcomes for Person County and its citizens. Agriculture is a major contributor to the Person County Economy. Agriculture and Agribusiness generate over $90 million in value- added income and provides 20% of Person County’s jobs. Tobacco is still the top revenue-producing crop, providing almost half of the total cash receipts to Person County farmers. Other major agricultural commodities and livestock produced by Person County Farmers include soybeans, wheat, corn, hay, nursery, specialty, greenhouse crops, vegetables, beef cattle, hogs, goats, horses, and sheep. Person County citizens enjoy the locally produced foods provided by Person County farms. Consumers enjoy knowing how their food was grown or raised and are making more food purchases at farmers’ markets and farm stands across the County. This benefits farms, families, and communities by keeping dollars circulating locally. The Visit NC Farms app is live and helps people connect with farms in Person County and across the state. Interest in industrial hemp has dropped off some, with a value-added processor currently established in the County. Improved marketing options may help make this a viable crop alternative for Person County growers. Piedmont Community College (PCC) strives to be the leading contributor to the economic, educational, and cultural vitality of our communities by providing high-quality services and programs that ensure student success in personal development and professional achievement. Serving Person and Caswell counties for over 50 years, PCC is one of the youngest community colleges in the “Great 58” North Carolina Community College System. The College offers associate degrees, diplomas, and certificates in over 30 programs of study, and provides opportunities for short-term training, as well. Program areas include Agribusiness Technology, Electrical Power Production Technology, Associate Degree Nursing, Digital Effects and Animation Technology, Mechatronics Technology, and transfer programs. As an institution, PCC strives to be recognized nationally for achieving exceptional levels of success in student learning and completion, gainful employment, equity, and affordability. 104 4 Long-Term Financial Planning Many of the successes of the Board of County Commissioners can be attributed to the long-term planning efforts initiated by the Board. In fiscal year 2021, the Person County Capital Improvement Plan ("CIP") for the years 2022-2026 was presented and approved in May 2021, and serves as a mechanism for future planning. It has become an effective and strategic tool that typically includes a mixture of “pay as you go” and financed projects that take advantage of the current debt market conditions. The CIP addresses many of the capital improvements needed within the county and will be revisited and updated annually to correspond with changing revenues and the current economic environment. In February 2019, the Person County Board of Commissioners entered into a contract with DEC Associates, a financial consulting firm, primarily to create a debt model that will assist the County with management of its Financial and Capital Plan Program. They made a presentation to the Board in Spring 2021 which revealed the financing capacity available for the general government and County school needs, and preparation of a comprehensive plan and financial model. DEC Associates will be assisting with preparation of a written financial policy with specific consideration of Local Government Commission requirements, rating agency impacts and future flexibility. Further discussion and policy development around the new debt model will continue into FY22 as the Board considers many of the funding options that were presented by DEC for the large amount of deferred projects for the Schools. There were no new debt financings for Person County in FY21. In fact, Person County reduced their debt service obligation by $1,772,505 which included the last scheduled debt service payments for the 2010 Courthouse Renovation & Roofing Project in August 2020 and the 2006 Roofing & Paving Project in June 2021. Although there were some discussions regarding capital needs for the public schools, the Board decided to delay any proposals to address their issues until the debt consultants had time to receive more information from the Schools and perform further analysis on their capital needs. Relevant Financial Policies Covid-19 Leave and FMLA Program The Families First Coronavirus Response Act (FFCRA) established emergency paid sick leave and expanded family and medical leave from full and part-time employees from April 1, 2020 through December 31, 2020. However, Person County extended emergency paid sick leave to all employees who had not already exhausted their leave through January 31, 2021 due to the fact that the COVID-19 infection rate continued to rise. The total cost paid out to employees in FY21 who used this leave under the FFCRA was $129,860. Major Initiatives Coronavirus Response On May 7, 2020, NC Local Governments were informed by the State about available funding from the Coronavirus Relief Fund (CRF) established under the CARES Act. All counties were required to submit a plan on how they proposed to use its share of funds. The first allotment to Person County was received in June 2020 for $892,515, and the second allotment was received in July 2020 for $766,420. The plan submitted to the State included a portion to the City of Roxboro to assist with their pandemic response, expenditures for cleaning supplies, personal protective equipment, installation of barriers, salary and benefit costs for staffing that were significantly dedicated to Covid-19 response, and medical supplies, just to name a few. Funds had to be used for expenditures that were incurred between March 1, 2020 and December 30, 2020, although was later extended until the end of December 2021. Many other Covid stimulus funds became available through the CARES Act that provided various departments such as Elections, Person Area Transportation Systems (PATS), Parks and Recreation, EMS, and Economic Development, with the funding support to procure equipment and provide the services as necessary for the citizens of Person County. Person County Health Department continued to lead the local COVID-19 response by investigating cases, performing contact tracing, administering 14,019 COVID-19 vaccinations, and providing educational resources and information to the community as well as numerous partners. During the third quarter of FY21, staff and volunteers responded to over 12,000 COVID-19 related telephone calls. PCHD partnered with Person County Economic Development to coordinate vaccinations for 13 of the largest employers in Person County. The Person County Department of Emergency Services, consisting of the Divisions of Emergency Management, EMS and 911 Communications, has continued to face challenges over this past year. Many hours were spent related to the Coronavirus pandemic and recovery from the cyber-attack. The Office of Emergency Management continued to support various county departments and external partners in obtaining needed supplies for the pandemic response. EMS and 911 Communications both experienced staffing shortages all during a time when the county saw an increase in call volume for both divisions. EMS saw a significant increase in the cost of medical supplies mostly related to the supply and demand uncertainties during the pandemic. The higher call volume for EMS created an increase in fuel expenditures and maintenance cost. All three Divisions experienced increases in overtime to meet the demands placed upon the department. 105 5 American Recovery Response Act On March 11, 2021, the American Rescue Plan Act (ARPA) was signed into law by President Biden, which provided funding to state and local governments to assist with the pandemic rescue and economic recovery efforts. This legislation included $65.1 billion in direct, flexible aid to every county in America. Person County accepted funding from the ARPA estimated to be $7.7 million. In May 2021, the County received its first portion of this allotment for $3,835,235. No funding decisions have been made due to the anticipation that the State may also provide some recovery funds. Due to the uncertainty of what total funding resources will be at the County’s disposal, the guidance from North Carolina local government oversight agencies such as the UNC School of Government is to delay any funding decisions until more is known about what the State is going to provide in the way of Covid-relief. All of this funding must be obligated by the end of calendar year 2024 and spent by the end of calendar year 2026. Once more information comes to light regarding the State’s funding intentions, the Board of Commissioners shall review and approve specific programs and/or activities developed to carry out eligible activities. ARPA funds will be used in compliance with provisions of the ARPA and other directives issued by the US Treasury Department or other federal agencies. Cybersecurity Response On the evening of May 30, 2020, Person County suffered a ransomware attack. A State of Emergency was declared and an Emergency Operations Center was activated to manage the day-to-day operations. State and Federal agencies were brought in to assist at no cost to the County. A third-party vendor was selected to assist in the recovery efforts. The anti-virus solution was replaced as well as the email system. A Security Operations Center was contracted to perform network monitoring and provide assistance with the management of the County’s cyber security system. Contractors were brought in to assist with data entry, server restoration, and machine imaging. The County’s financial accounting system was re-activated by September 2021, and all financial data restoration was completed by the end of December 2021. The total cost to Person County for recovery from the cyber event was approximately $680,000. It is anticipated that the County’s insurance provider will cover a majority of these costs; however, only about $160K has been received to date. Person County continues to invest in the improvement of its security posture and understands that this is an ever-evolving, ongoing responsibility. Person County Executive Airport Using federal grant dollars and matching local funds, the County is currently working on several projects at the Person County Airport. Currently, these include the Runway 6 Obstruction Removal Project, Runway 6-24 Connector Taxiways & Apron Rehabilitation Project, and a Corporate Hangar Project. The Runway 6 Obstruction Removal project involves the removal of trees around the airport that penetrate the approach/missed surfaces. Funding for this project was held up due to the Covid pandemic. This project has recently been bid out and it is currently in the awarding phase. The Runway, Taxiway, and Apron Rehabilitation Project involves the overlay of approximately two inches of asphalt to rehabilitate and re-enforce the existing pavement. This project is still in the design phase. The Corporate Hangar project was bid out in October 2020 and awarded to general contractor “Cooper Tacia” of Raleigh, NC. Ground breaking was held in July 2021 with expected completion in June 2022. Currently, this project is in the site preparation phase. This project is funded primarily with County dollars, with some funding for environmental work sourced from Non-Primary Entitlement funds. The Airport Development Study (i.e. Master Plan) reviews all aspects of the airport, providing focus on areas of potential growth and expansion. Based on this Master Plan, the County anticipates an $11,230,000 grant award for an Airport Runway Extension, which was approved in June 2017. This project has since been moved out to 2029 due to planned NCDOT funding. Person County Airport is still actively pursuing this 800-foot runway extension as called for in the Master Plan which will open the airport to larger airplanes, more traffic, and increased cargo transporting. The Airport serves local industries by providing convenient access to transportation by air for both personnel and cargo. It also serves the general public by providing air service & storage for small planes. Fiber Installation and Wireless Broadband Projects Person County allocated approximately $3M to install 52 miles of fiber which will provide improved broadband connectivity to county and city facilities and the four newly constructed public safety communication towers. RiverStreet, a public-private partner with Person County for broadband expansion, installed fixed wireless equipment on the four public safety towers. Mt. Tirzah, Woodland, Bethel Hill, and Bushy Fork towers were online and serving customers by June 30, 2021. Public hotspots were installed at each tower location. One additional public hotspot will be installed in Uptown Roxboro, serving the area around the Person County Courthouse and Merritt Commons. RiverStreet continues to market its service and add customers to its network in rural Person County. Waste Management For FY21, beginning September 21, 2020, the Board adopted a Seventh Amendment to the Agreement for Continued Development, Use, and Operation of the Upper Piedmont Regional Landfill between Person County and Republic Services, LLC, providing an extension through November 30th while Republic was awaiting necessary approval from the State for their new permit, through a sixty day appeal window. On November 16, 2020 the Board of Commissioners approved the Eighth Amendment which made the official newly negotiated deal points and State approved permit effective as of November 3, 2020. The new terms of the agreement 106 6 include an average maximum annual disposal rate of 780,000 tons; enhanced community litter clean-up by Republic; host fees paid to the County of $2.75 per Ton of Waste; $100,000 paid annually to the County for Community Development projects in collaboration with Republic; a one-time payment of $30,000 towards the county’s wireless service project; an allowance of free disposal for residents up to a total amount equivalent of $5,000; Tipping fees to be adjusted annually in July in accordance with the CPI; and finally the term of the Agreement shall continue through July 1, 2032 or until such earlier time as the landfill is completely filled. Compression Study In the early part of 2019, Person County contracted with Piedmont Triad Regional Council to perform a compression study for Person County employees. To address the reported compression issues, the Person County Board of Commissioners agreed to fund the necessary salary adjustments in two phases, with certain departments to be implemented in FY20 and the remaining in FY21. The actual cost for the departments in Phase II for FY21 was $193,502. Awards and Acknowledgements The Government Finance Officers Association (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to Person County for its comprehensive annual financial report (CAFR) for the fiscal year ended June 30, 2019. This was the thirty-second consecutive year that the government has achieved this prestigious award. Due to the Person County’s cyber incident in May 2020, the FY20’s financial audit was delayed until its completion in June 2021. The audit report was submitted to the GFOA for consideration of this award, and is currently in pending review. In order to be awarded a Certificate of Achievement, a government published an easily readable and efficiently organized CAFR. This report must satisfy both GAAP and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only. We believe that our current CAFR continues to meet the Certificate of Achievement Program’s requirements and we are submitting it to the GFOA to determine its eligibility for another certificate. Preparation of this report would not have been possible without the daily dedication to excellence in all areas of work from the entire staff of the Finance Department. A special thanks is due to Debbie Whitfield and Tracy Clayton who assisted with providing auditors with much of the financial data, a significant challenge for FY21’s audit process given the County’s cyber incident in May 2020. I also thank the County Manager and her office, and the members of the Board of Commissioners for their continued support throughout the past year. Finally, I gratefully acknowledge the Audit Partner and his associates from the accounting firm of Elliott Davis, PLLC, CPAs, for their cooperation and assistance in the preparation of this report. Respectfully submitted, Amy Wehrenberg Person County Finance Director 107 Government Finance Officers Association Certificate of Achievement for Excellence in Financial Reporting Presented to County of Person North Carolina For its Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2019 Executive Director/CEO 7 Note: The June 30, 2020 Comprehensive Annual Financial Report has been submitted to the GFOA, but at the time of issuance of the June 30, 2021 report the GFOA certificate had not been issued. 108 8 COUNTY OF PERSON LIST OF PRINCIPAL OFFICIALS Board of County Commissioners Gordon Powell, Chairman Kyle W. Puryear, Vice-Chairman PJ Gentry Charlie Palmer Derek Sims County Manager Heidi York Finance Director Amy WehrenbergPerson County, North Carolina 109 PERSON COUNTY GOVERNMENT Citizens Board of County Commissioners Register of Deeds Sheriff County Manager County Attorney IT Development Services Human Services General Government Tax Human Resources Finance Economic Development Elections General Services Health DSS Person Industries Planning Inspections GIS Soil & Water Cooperative Extension Asst. County Manager Public Safety Cultural Services Emergency Management Animal Services Fire Marshal Parks & Recreation Library PATS Clerk to the Board 9110 FINANCIAL SECTION FINANCIAL SECTION 111 elliottdavis.com Independent Auditor’s Report To the Board of Commissioners Person County Roxboro, North Carolina Report on the Financial Statements We have audited the accompanying financial statements of the governmental activities, the business-type activities, each major fund, the aggregate discretely presented component units, and the aggregate remaining fund information of Person County, North Carolina (the “County”) as of and for the year ended June 30, 2021, and the related notes to the financial statements, which collectively comprise the County’s basic financial statements as listed in the table of contents. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes 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. Auditor's Responsibility Our responsibility is to express opinions on these financial statements based on our audit. We did not audit the financial statements of the Person County Tourism Development Authority or Person County ABC Board, which represent 100% of the assets, net position, and revenues of the aggregate discretely presented component units. Those statements were audited by other auditors whose report has been furnished to us, and our opinion, insofar as it relates to the amounts included for the Person County Tourism Development Authority and Person County ABC Board, is based solely on the report of the other auditors. 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. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. The financial statements of Person County Tourism Development Authority and Person County ABC Board were not audited in accordance with Government Auditing Standards. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements 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 entity’s internal control. Accordingly we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. 112 11 Opinions In our opinion, based on our audit and the report of other auditors, the financial statements referred to above present fairly, in all material respects, the financial position of the governmental activities, the business-type activities, each major fund, the aggregate discretely presented component units, and the aggregate remaining fund information of Person County, North Carolina, as of June 30, 2021, and the respective changes in financial position, and cash flows, where appropriate, thereof, and the respective budgetary comparison for the General Fund and the Person Industries Community Rehabilitation Program and Material Recovery Facility Fund, for the year then ended in accordance with accounting principles generally accepted in the United States of America. Emphasis of Matter As discussed in Note VI to the financial statements, effective July 1, 2021, the County adopted new accounting guidance promulgated in GASB Statement No. 84, Fiduciary Activities. Our opinion is not modified with respect to this matter. Required Supplementary Information Accounting principles generally accepted in the United States of America require that Management's Discussion and Analysis on pages 13 through 23, and the Local Government Employees’ Retirement System’s Schedules of the Proportionate Share of the Net Pension Liability and Contributions, on pages 74 and 75, respectively, and Register of Deed’s Supplemental Pension Fund Schedules of County Proportionate Share of the Net Pension Asset and Contributions, on pages 76 and 77, respectively, and Law Enforcement Officers’ Special Separation Allowance Schedules of the Total Pension Liability and Total Pension Liability as a Percentage of Covered Payroll on pages 78 and 78, respectively, and the Other Postemployment Benefits Schedule of Changes in the Total OPEB Liability and Related Ratios, on page 73 be presented to supplement the basic financial statements. Such information, 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 the 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. Supplementary and Other 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 combining and individual fund financial statements, budget and actual comparisons, schedule of ad valorem taxes receivable, analysis of current tax levy, introductory information, statistical section, and the schedule of expenditures of federal and state awards as required by Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and the State Single Audit Implementation Act as listed in the Table of Contents are presented for the purpose of additional analysis and are not a required part of the financial statements. The combining and individual fund financial statements, budget and actual comparisons, schedule of ad valorem taxes receivable, analysis of current tax levy and the schedule of expenditures of federal and state awards are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the financial statements. Such information has been subjected to the auditing procedures applied in the audit of the financial statements and certain additional procedures, including comparing and 113 12 reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, based on our audit, the procedures performed as previously described, the combining and individual fund financial statements, budget and actual comparisons, schedule of ad valorem taxes receivable, analysis of current tax levy and the schedule of expenditures of federal and state awards are fairly stated, in all material respects, in relation to the basic financial statements as a whole. The introductory information and statistical section have not been subjected to the auditing procedures applied in the audit of the basic financial statements, and accordingly, we do not express an opinion or provide any assurance on them. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated October 29, 2021 on our consideration of the County's internal control over financial reporting and 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 compliance and the results of that testing, and not to provide an opinion on the 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 Person County's internal control over financial reporting and compliance. Raleigh, North Carolina October 29, 2021 114 Person County, North Carolina Management’s Discussion and Analysis For the Year Ended June 30, 2021 13 As management of Person County, we offer users of the County’s financial statements this narrative overview and analysis of the financial activities of the County for the fiscal year ended June 30, 2021. We encourage users to read the information presented here in conjunction with additional information that we have furnished in the County’s financial statements, which follow this narrative. Financial Highlights  The assets and deferred outflows of resources of Person County exceeded its liabilities and deferred inflows of resources at the close of the fiscal year by $69,584,127 (net position).  The government’s total net position increased by $791,492, primarily due to the increase in sales tax revenues, as well as the implementation of GASB Statement No. 84, Fiduciary Activities, which created two new special revenue funds that were once treated as agency funds. Other contributing factors to the increase in net position are management’s focus on monitoring spending and maximizing revenue collection.  As of the close of the current fiscal year, Person County’s governmental funds reported combined ending fund balances of $41,644,027, after a net increase in fund balance of $2,223,619. Approximately 33.5% of this total amount, or $13,939,837, is restricted or non-spendable.  At the end of the current fiscal year, unassigned fund balance for the General Fund was $21,726,864, which represents 35% of total general fund expenditures and outgoing transfers for the fiscal year.  Person County’s total debt decreased by $1,772,505 (2.8% of total governmental expenditures) during the current fiscal year. This reduction in debt is due to scheduled debt repayments during the year.  Person County has an A1 bond rating from Moody’s Investor Service (Moody’s) and an AA- from Standard and Poor’s Corporation (S&P). These ratings are consistent with Person County’s reputation for conservative fiscal management and strong financial position. Overview of the Financial Statements This discussion and analysis are intended to serve as an introduction to Person County’s basic financial statements. The County’s basic financial statements consist of three components: 1) government-wide financial statements; 2) fund financial statements; and 3) notes to the financial statements (see Figure 1). The basic financial statements present two different views of the County through the use of government-wide statements and fund financial statements. In addition to the basic financial statements, this report contains other supplemental information that will enhance the reader’s understanding of the financial condition of Person County. 115 Person County, North Carolina Management’s Discussion and Analysis For the Year Ended June 30, 2021 14 Required Components of Annual Financial Report Summary Detail (Figure 1) Basic Financial Statements The first two statements (Exhibits 1 and 2) in the basic financial statements are the Government-wide Financial Statements. They provide both short and long-term information about the County’s financial status. The next statements (Exhibits 3 through 11) are Fund Financial Statements. These statements focus on the activities of the individual parts of the County’s government. These statements provide more detail than the government-wide statements. There are four parts to the Fund Financial Statements: 1) the governmental funds statements; 2) the budgetary comparison statements; 3) the proprietary fund statements; and 4) the fiduciary fund statements. The next section of the basic financial statements is the Notes. The notes to the financial statements explain in detail some of the data contained in those statements. Immediately following the notes is the required supplemental information. This section is provided to show details about the County’s non-major governmental funds and internal service fund, all of which are added together in one column on the basic financial statements. Budgetary information required by the General Statutes also can be found in this part of the statements. Following the notes is the required supplemental information. This section contains funding information about the County’s pension and benefit plans. Management’s Discussion and Analysis Basic Financial Statements Government-wide Financial Statements Fund Financial Statements Notes to the Financial Statements 116 Person County, North Carolina Management’s Discussion and Analysis For the Year Ended June 30, 2021 15 Government-wide Financial Statements The government-wide financial statements are designed to provide the reader with a broad overview of the County’s finances, similar in format to a financial statement of a private-sector business. The government- wide statements provide short and long-term information about the County’s financial status as a whole. The two government-wide statements report the County’s net position and how it has changed. Net position is the difference between the County’s total assets and deferred outflows of resources and the total liabilities and deferred inflows of resources. Measuring net position is one way to gauge the County’s financial condition. The government-wide statements are divided into three categories: 1) governmental activities; 2) business- type activities; and (3) component units. The governmental activities include most of the County’s basic services such as public safety, parks and recreation, and general administration. Property taxes and state and federal grant funds finance most of these activities. The business-type activities are those that the County charges customers to provide. These include the stormwater management services offered by Person County. The final category is the component units. The Person County Tourism Development Authority (TDA) is a public authority under the Local Government Budget and Fiscal Control Act. It exists to provide for tourism- related expenditures and promotion of travel and tourism in Person County nearly exclusively from the occupancy tax levied by the County, and remitted to the TDA less a small collection fee. The ABC Board is legally separate from the County; however, the County is financially accountable for the Board by appointing its members. Also, the ABC Board is required to distribute its profits to the County. The government-wide financial statements are on Exhibits 1 and 2 of this report. Fund Financial Statements The fund financial statements provide a more detailed look at the County’s most significant activities. A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. Person County, like all other governmental entities in North Carolina, uses fund accounting to ensure and reflect compliance (or non-compliance) with finance-related legal requirements, such as the General Statutes or the County’s budget ordinance. All of the funds of Person County are divided into three categories: governmental funds, proprietary funds, and fiduciary funds. Governmental Funds – Governmental funds are used to account for those functions reported as governmental activities in the government-wide financial statements. Most of the County’s basic services are accounted for in governmental funds. These funds focus on how assets can readily be converted into cash flow in and out, and what monies are left at year-end that will be available for spending in the next year. Governmental funds are reported using an accounting method called modified accrual accounting. This method also has a current financial resource focus. As a result, the governmental fund financial statements give the reader a detailed short-term view that helps him or her determine if there are more or less financial resources available to finance the County’s programs. The relationship between government activities (reported in the Statement of Net Position and the Statement of Activities) and governmental funds is described in a reconciliation that is part of the fund financial statements. Person County adopts an annual budget for its General Fund, as required by the General Statutes. The budget is a legally adopted document that incorporates input from the citizens of the County, the management of the County, and the decisions of the Board about which services to provide and how to pay for them. It also 117 Person County, North Carolina Management’s Discussion and Analysis For the Year Ended June 30, 2021 16 authorizes the County to obtain funds from identified sources to finance these current period activities. The budgetary statement provided for the General Fund demonstrates how well the County complied with the budget ordinance and whether or not the County succeeded in providing the services as planned when the budget was adopted. The budgetary comparison statement uses the budgetary basis of accounting and is presented using the same format, language, and classifications as the legal budget document. The statement shows four columns: 1) the original budget as adopted by the board; 2) the final budget as amended by the board; 3) the actual resources, charges to appropriations, and ending balances in the General Fund; and 4) the difference or variance between the final budget and the actual resources and charges. Proprietary Funds – Person County has two types of proprietary funds, one of which is an Enterprise Fund used to report the same functions presented as business-type activities in the government-wide financial statements. Person County uses the enterprise fund category to account for its funding applicable to the Stormwater Management Utility including measures and activities designed to protect, restore and manage stormwater quality; all associated costs are supported solely through assessed user fees. This fund is the same as those separate activities shown in the business-type activities in the Statement of Net Position and the Statement of Activities. The other proprietary fund is classified as an Internal Service Fund that accounts for the accumulation and allocation of costs associated with the County’s self-insured group health insurance plan. Unlike the Enterprise Fund, this fund is included in governmental activities in the government-wide statements. Fiduciary Funds – Fiduciary funds are used to account for resources held for the benefit of parties outside the government. Person County has four fiduciary funds, one of which is a pension trust fund and three of which are custodial funds. Notes to the Financial Statements – The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements. The notes to the financial statements begin on page 38 of this report. Other Information – In addition to the basic financial statements and accompanying notes, this report includes certain required supplementary information concerning Person County’s progress in funding its obligation to provide pension benefits to its employees. Required supplementary information can be found beginning on page 73 of this report. 118 Person County, North Carolina Management’s Discussion and Analysis For the Year Ended June 30, 2021 17 Government-wide Financial Analysis The following table summarizes Net Position at June 30, 2021 and 2020: PERSON COUNTY’S NET POSITION 2021 2020 2021 2020 2021 2020 Current and other assets 49,364,380$      42,654,559$   673,658$         596,456$         50,038,038$   43,251,015$    Capital assets 47,593,182         49,135,285      ‐                         ‐                         47,593,182      49,135,285       Total assets 96,957,562         91,789,844      673,658            596,456            97,631,220      92,386,300       Total deferred outflows of  resources 11,205,794         8,550,368        ‐                         ‐                         11,205,794      8,550,368         Long‐term liabilities  outstanding 31,541,152         28,557,602      ‐                         ‐                         31,541,152      28,557,602       Other liabilities 7,015,569           2,852,311        376                    32,014              7,015,945        2,884,325         Total liabilities 38,556,721         31,409,913      376                    32,014              38,557,097      31,441,927       Total deferred inflows of  resources 695,790               701,839            ‐                         ‐                         695,790            701,839             Net position Net investment in capital assets 38,679,199         38,473,970      ‐                         ‐                         38,679,199      38,473,970       Restricted 13,813,793         12,595,100      ‐                         ‐                         13,813,793      12,595,100       Unrestricted 16,417,853         17,159,123      673,282            564,442            17,091,135      17,723,565       Total net position 68,910,845$      68,228,193$   673,282$         564,442$         69,584,127$   68,792,635$    PERSON COUNTY'S NET POSITION Governmental Activities Business‐type Activities Total As noted earlier, net position may serve over time as one useful indicator of a government’s financial condition. The County’s assets and deferred outflows of resources exceeded its liabilities and deferred inflows of resources by $69,584,127 as of June 30, 2021. The County’s net position increased by $791,492 for the fiscal year ended June 30, 2021. Net position of $38,679,199 (56%) is net investment in capital assets (e.g. land, buildings, improvements, machinery, and equipment net of any related outstanding debt of those assets). Person County uses these capital assets to provide services to citizens; consequently, these assets are not available for future spending. Although Person County’s investment in its capital assets is reported net of the outstanding related debt, the resources needed to repay that debt must be provided by other sources, since the capital assets cannot be used to liquidate these liabilities. An additional portion of Person County’s net position represents resources that are subject to external restrictions on how they may be used and is $13,813,793 (21%) at June 30, 2021. The remaining balance of $17,091,135 (24%) is the unrestricted portion of the total net position. Several particular aspects of the County’s financial operations influence the total unrestricted governmental net position:  Continued emphasis on the collection of property taxes. The tax collection percentage increased from the previous year from 98.98% to 99.34%. The overall tax collections for current year's taxes increased by $724,272. 119 Person County, North Carolina Management’s Discussion and Analysis For the Year Ended June 30, 2021 18  Increase in sales tax collections, a major source of revenue for the County.  Continued low cost of debt due to the County’s high bond rating and history of capital planning.  Increase in operating grants received, particularly in the Human Services departments.  Management’s proactive stance on monitoring spending across County departments to ensure compliance with the budget. The following table presents the change in net position for the year ended June 30, 2021 and 2020 for governmental activities: PERSON COUNTY’S CHANGES IN NET POSITION 2021 2020 2021 2020 2021 2020 Revenues: Program revenues: Charges for services 6,686,429$      6,365,929$      280,429$         279,446$         6,966,858$      6,645,375$       Operating grants and  contributions 11,133,894      10,500,771       ‐                          ‐                         11,133,894      10,500,771       Capital grants and contributions 329,663            1,692,188         ‐                          ‐                         329,663            1,692,188         General revenues Property taxes 35,587,594      34,906,804       ‐                          ‐                         35,587,594      34,906,804       Local option sales taxes 10,507,215      9,013,933         ‐                          ‐                         10,507,215      9,013,933         Other taxes and licenses 247,726            177,306             ‐                          ‐                         247,726            177,306             Investment earnings, unrestricted 116,113            424,332            2,554                2,554                118,667            426,886             Miscellaneous, unrestricted 1,564,941        92,307              ‐                         ‐                         1,564,941        92,307               Total revenues 66,173,575      63,173,570      282,983            282,000            66,456,558      63,455,570       Expenses: General government 12,935,151      10,806,867      ‐                         ‐                         12,935,151      10,806,867       Public safety 17,240,103      15,716,935      ‐                         ‐                         17,240,103      15,716,935       Transportation 1,212,218        1,385,859        ‐                         ‐                         1,212,218        1,385,859         Human services 16,788,184      14,965,338      ‐                         ‐                         16,788,184      14,965,338       Environmental Protection 788,995            703,483            ‐                         ‐                         788,995            703,483             Economic and physical development 1,598,740        1,617,280        ‐                         ‐                         1,598,740        1,617,280         Cultural and recreation 2,109,894        2,122,952        ‐                         ‐                         2,109,894        2,122,952         Education 12,715,831      11,858,284      ‐                         ‐                         12,715,831      11,858,284       Interest on long‐term debt 248,213            412,610            ‐                         ‐                         248,213            412,610             Stormwater ‐                         ‐                         174,143            245,619            174,143            245,619             Total expenses 65,637,329      59,589,608      174,143            245,619            65,811,472      59,835,227       Change in net position 536,246            3,583,962        108,840            36,381              645,086            3,620,343         Net position, July 1, as originally repor 68,228,193      64,644,231      528,061            415,658            68,756,254      65,059,889       Restatement 146,406             ‐                          ‐                          ‐                         146,406             ‐                          Net position, July 1 68,374,599      64,644,231      564,442            528,061            68,939,041      65,172,292       Net position, June 30 68,910,845$   68,228,193$   673,282$         564,442$         69,584,127$   68,792,635$    Governmental Activities Business‐type Activities Total Governmental Activities: Governmental activities resulted in an increase of the County’s net position by $682,652. Key elements of this increase are as follows: 120 Person County, North Carolina Management’s Discussion and Analysis For the Year Ended June 30, 2021 19  Operating grants and contributions increased by $633,123, primarily due to higher amounts reported in Human Services departments.  Sales tax revenues reflect growth showing an increase of $1,493,282 over the prior fiscal year.  Reduction in Transportation expenses due to disruption in services that were related to the pandemic response. Business-type Activities: Business-type activities increased Person County’s net position by $108,840 in the Stormwater Fund. Key elements of this increase are as follows:  Minimal increase of stormwater revenue collection over previous year; and  Decrease in contracted services and administration for stormwater management Financial Analysis of the County’s Funds As noted earlier, Person County uses fund accounting to ensure and demonstrate compliance with finance- related legal requirements. Governmental Funds: The focus of Person County’s governmental funds is to provide information on near- term inflows, outflows, and balances of usable resources. Such information is useful in assessing Person County’s financing requirements. Specifically, fund balance available for appropriation can be a useful measure of a government’s net resources available for spending at the end of the fiscal year. The General Fund is the chief operating fund of Person County. At the end of the current fiscal year, Person County's unassigned fund balance in the General Fund was $21,726,864, while total fund balance reached $30,981,684. The Governing Body of Person County has determined that the County should maintain an available fund balance of 18% of general fund expenditures in case of unforeseen needs of opportunities, in addition to meeting the cash flow needs of the County. Unassigned fund balance for the General Fund is 35.4% of general fund expenditures and outgoing transfers, while total fund balance represents 50.5% of that same amount. The Person Industries Community Rehabilitation Program and Material Recovery Facility Fund (classified as a major fund within Person County's financial statements), reported a fund balance of $525,785 at June 30, 2021, a decrease of $168,305 from last year. The decrease in fund balance is attributed primarily to a decrease in intergovernmental and fee revenues due to a reduction in services because of the pandemic. The ARPA Fund (classified as a major fund within Person County's financial statements), reported a fund balance of $29 at June 30, 2021. This is a new capital project fund for FY 2021 that accounts for revenue and expenditures for capital projects that were funded by the American Rescue Plan Act of 2021. Other than interest earnings for $29, there were no other revenues or expenditures reported for FY 2021. At June 30, 2021, the governmental funds of Person County reported a combined fund balance of $41,644,027, an increase of $2,223,619 (5.6%) from last year. The primary causes include an increase in property and sales tax revenues, as well as the other revenues reported in the two new special revenue funds as a result of the implementation of GASB Statement No. 84, Fiduciary Activities. Total governmental expenditures increased compared to the prior year by $3.5M, mostly due to the increases reported in the 121 Person County, North Carolina Management’s Discussion and Analysis For the Year Ended June 30, 2021 20 General Government, Public Safety and Human Services departments. This was driven by a higher demand in services caused by the public health crisis, as well as increases in expenditures for the Public Safety Towers Project. Although expenditures increased overall in total governmental funds, total revenues exceeded expenditures, causing a net surplus of $3.4M for FY 2021. General Fund Budgetary Highlights: During the fiscal year, the County revised the budget on a number of occasions. 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, such as Federal and State grants; and 3) increases in appropriations that become necessary to maintain services. Total amendments to the General Fund increased revenues by $6,454,686. Ad valorem taxes exceeded budget by $1,718,765 due to higher collections in FY 2021. Other impacts of this budget surplus include charges for services which were received over budget by $833,315. This includes EMS Fees due to the higher call volume in response to the pandemic, and Solid Waste Host Fees as a result of the renegotiation of the landfill contract. Appropriations within the General Fund covered actual expenditures by more than $6.6 million. Approximately $2.5 million of these remaining funds was the result of the timing differences in the State allocations for departments in the Human Services function. General Government departments report a remaining budget of approximately $1.7 million, mostly due to incomplete contractual commitments in various departments, such as equipment purchases in Elections and Information Technology, audit services in the Finance Department, and building and ground maintenance projects in General Services. Remaining funds for almost $1.3 million are also in Public Safety departments from lapse salary and associated benefits from vacant positions that occurred during the year. Proprietary Funds: Person County’s proprietary funds provide the same type of information found in the government-wide statements but in more detail. Unrestricted net position of the Stormwater Management Fund at the end of the fiscal year amounted to $673,282. The total growth in net position was $108,840. Other factors concerning the finances of this fund have already been addressed in the discussion of Person County’s business-type activities. Capital Asset and Debt Administration Capital Assets: Person County’s capital assets for its governmental activities as of June 30, 2021, total $47,593,182 (net of accumulated depreciation). These assets include land, buildings, improvements, machinery and equipment (including vehicles), and park facilities. Major capital asset transactions during the year include: General Government  Installation of airfield signs and taxiway improvements at the Person County Airport, skid steer equipment for the Person County Recycling Center, and two utility tractors for General Services Public Safety  Cardiac monitor for EMS, 11 vehicles, and security cameras for the Law Enforcement Center 122 Person County, North Carolina Management’s Discussion and Analysis For the Year Ended June 30, 2021 21 Transportation  Two buses for PATS Human Services  Respiratory Protection Fit testing equipment and two Covid-19 vaccination tents for the Health Department Culture and Recreation  HVAC systems for Huck Sansbury gym, Museum of History, and Kirby Gallery, curtains for the Kirby Theater, and a lawn mower for the Recreation Department PERSON COUNTY CAPITAL ASSETS (Net of Depreciation) Additional information on the County’s capital assets can be found in Note 1.D.7. and 2.A.5. of the basic financial statements. Long-term Debt: As of June 30, 2021, Person County had total bonded debt outstanding of $1,675,668 which is backed by the full faith and credit of the government. Other total outstanding debt is as follows: PERSON COUNTY’S OUTSTANDING DEBT Person County’s total debt decreased by $1,772,505 (16.1%) during the past fiscal year, due to the repayment of debt. There were no new debt financings for FY2021. As mentioned in the financial highlights section of this document, Person County maintains an A1 bond rating from Moody’s and an AA- from S&P. The County’s good credit rating helps in keeping interest costs low when the County issues debt. Governmental Activities Business-Type Activities Total 2021 2020 2021 2020 2021 2020 Land $ 4,187,547 $ 4,187,547 $ - $ - $ 4,187,547 $ 4,187,547 Buildings 19,030,714 20,654,959 - - 19,030,714 20,654,959 Improvements 11,294,932 10,902,225 - - 11,294,932 10,902,225 Machinery and equipment 4,837,211 5,399,551 - - 4,837,211 5,399,551 Infrastructure 3,554,733 531,753 - - 3,554,733 531,753 Construction in progress 4,688,046 7,459,250 - - 4,688,046 7,459,250 Total $ 47,593,182 $ 49,135,285 $ - $ - $ 47,593,182 $ 49,135,285 Governmental Activities Business-Type Activities Total 2021 2020 2021 2020 2021 2020 Bonds Payable $ 1,675,668 $ 1,828,001 $ - $ - $ 1,675,668 $ 1,828,001 Installment Purchases 7,281,432 8,720,268 - - 7,281,432 8,720,268 Capital Leases 310,435 491,771 - - 310,435 491,771 Total $ 9,267,535 $ 11,040,040 $ - $ - $ 9,267,535 $ 11,040,040 123 Person County, North Carolina Management’s Discussion and Analysis For the Year Ended June 30, 2021 22 The State of North Carolina limits the amount of general obligation debt that a unit of government can issue to 8% of the total assessed value of taxable property located within that government’s boundaries. The legal debt margin for Person County is $378,421,082. The Person County Board of Commissioners has had a history of fiscal conservatism that also contributes to the favorable bond rating. Additional information regarding Person County’s long-term debt can be found in Note 2 of the Notes to the Financial Statements. Economic Factors and Next Year’s Budgets and Rates  The County’s average unemployment rate as of June 30, 2021, was 8.6%, an increase of 0.9% from last year’s rate of 7.7%, but only 0.3% under the statewide average of 8.9%.  Inflationary trends in the region are comparable to national indices.  Management is implementing programs which will allow it to capitalize on manufacturing growth.  Population estimation of 39,097 is slightly lower than in previous year. Impact of Coronavirus on the County During the fiscal year, the state and the nation were affected by the spread of a coronavirus. Various departmental operations were impacted, causing a temporary disruption in services such as in Person Industries, the Person County Recycling Center, Public Library, Person Area Transportation Services, and Parks and Recreation. Emergency Management, EMS, and 911 Communications experienced an increase in call volume, reduction in staffing resources, increase in overtime costs, increase in cost for medical supplies, and a shortage in supplies and equipment overall as a result of the supply and demand uncertainties during the pandemic. Service demands in the Health and Social Services departments dramatically increased, causing elevated expenditures in program delivery and contractual costs. The Health Department partnered with Person County Economic Development to coordinate vaccinations for 13 of the largest employers in Person County. Many small business and restaurants were financially challenged due to the changes they had to make in response to the State’s mandated requirements. The Economic Development Department received State funding for a small loan program to assist struggling small businesses during this time. Several applied and were approved for funding that helped bridge the gap until they could fully re-open and return to normal business operations. On a positive note, the increases in sales tax revenues and the provision of Covid funding from the State helped to alleviate the financial constraints that were affected by the pandemic. Budget Highlights for the Fiscal Year Ending June 30, 2022 Governmental Activities: The Adopted Budget for Fiscal Year 2021-2022 is $78,655,261 which includes all annually budgeted funds. The General Fund comprises $66,460,497 which was an increase of $4.7M, or 7.6% over the previous year’s adopted budget. Although the Person County Board of Commissioners kept the tax rate flat at $0.72 per $100 of valuation, current property tax revenues were projected to increase by about $3.5M. This is primarily due to the revaluation process and the growth in the housing market that was driven by a shortage in the supply of homes, along with increased costs in both material and labor. Sales tax was also projected to increase by almost $3.2M, another major factor in the County’s overall budget increase. The adopted projection for sales tax in FY 2021 was greatly reduced in anticipation of the negative impacts the pandemic would have on this significant revenue stream. However, Person County recognized a surplus in FY 2021 in sales tax, largely due to the transition of shopping locally, as well as the increase in demand for goods 124 Person County, North Carolina Management’s Discussion and Analysis For the Year Ended June 30, 2021 23 as product shortages occurred in response to the pandemic. This, in addition to some minimal growth, caused the justification for the significant increase in sales tax projections for FY 2022. Operating revenues in the General Fund were estimated to improve in both inspections and environmental health departments due to the growth in the demands for those services. Solid waste host fees were also projected to increase by $375K as a result of the renegotiation of the contract with Republic Services in FY 2021. State and Federal funding in the DSS and Health Departments also increased in response to the demands for public assistance and the services that are tied to Medicaid revenues. An appropriation of approximately $966K in fund balance was adopted to sustain the county’s operating funds, a significant reduction compared to the prior year for $3.9M. The majority of governmental funds reported a projected increase in their budgeted expenditures. The addition of five full-time positions ($430K), health insurance rate hike for County employees ($600K), twelve new vehicles ($332K), EMS overtime costs for running an extra Quick Response Vehicle ($93K), additional funding for Volunteer Fire Departments ($214K), an increase in General Fund support to the Capital Investment Fund for future capital projects and debt service costs ($1.9M), additional discretionary funds in the Economic Catalyst fund for future industrial recruitment incentives ($250K), and increases in Elections due to possibility of conducting three elections in FY 2022 ($159K) are the main cost drivers for expenditures. Business-type Activities: The stormwater rates in the County will remain the same, which is projected to adequately cover the costs of operations. Budgeted revenues and expenditures increased by $114,000 for a total of $364,000 to accommodate participation in the Interim Alternative Implementation Approach (IAIA) program in order to meet Stage 1 compliance with the Falls Lake Watershed requirements. Requests for Information This report is designed to provide an overview of the County’s finances for those with an interest in this area. Questions concerning any of the information found in this report or requests for additional information should be directed to the Finance Director, Person County, 304 South Morgan Street, Suite 219, Roxboro, NC 27573. You can also call (336)-597-1726 or visit our website http://www.personcountync.gov for more information. 125 Basic Financial Statements Basic Financial Statements 126 Exhibit 1 Governmental Activities Business Type Activity Total Person County Touriusm Development Authority Person County ABC Board ASSETS Cash and cash equivalents 31,640,263$ 658,880$ 32,299,143$ 288,873$ 996,329$ Taxes Receivable (net)448,438 - 448,438 39,446 - Other receivables (net)5,240,414 14,778 5,255,192 - - Inventories - - - - 563,604 Prepaid items 126,044 - 126,044 - 14,615 Restricted cash and cash equivalents 11,836,899 - 11,836,899 - - Capital assets: Land, improvements, and construction in progress 8,875,593 - 8,875,593 - 184,576 Other capital assets, net of depreciation 38,717,589 - 38,717,589 14,282 946,812 Total capital assets 47,593,182 - 47,593,182 14,282 1,131,388 Net pension asset - Register of Deeds 72,322 - 72,322 - - Total assets 96,957,562 673,658 97,631,220 342,601 2,705,936 DEFERRED OUTFLOWS OF RESOURCES Pension deferrals - LGERS 4,882,841 - 4,882,841 - 59,174 Pension deferrals - LEOSSA 872,168 - 872,168 - - Pension deferrals - ROD 8,632 - 8,632 - - OPEB Deferrals 5,442,153 - 5,442,153 - - Total deferred outflows 11,205,794 - 11,205,794 - 59,174 LIABILITIES Accounts payable and accrued expenses 3,111,617 376 3,111,993 3,675 457,587 Accrued interest payable 68,717 - 68,717 - - Due to other governments 3,835,235 - 3,835,235 - - Noncurrent liabilities: Due within one year 1,887,899 - 1,887,899 - 79,275 Due in more than one year 8,701,393 - 8,701,393 - 557,565 Net pension liability - LGERS 8,677,708 - 8,677,708 - 50,385 Total pension liability - LEOSSA 2,685,736 - 2,685,736 - - Other postemployment benefits liability 9,588,416 - 9,588,416 - - Total Noncurrent liabilities 31,541,152 - 31,541,152 - 687,225 Total liabilities 38,556,721 376 38,557,097 3,675 1,144,812 DEFERRED INFLOWS OF RESOURCES Pension deferrals - LGERS 151,894 - 151,894 - - Pension deferrals - LEOSSA 47,694 - 47,694 - - Pension deferrals - ROD 9,281 - 9,281 - - OPEB Deferrals 342,913 - 342,913 - - Other Deferrals 144,008 - 144,008 - - Total deferred inflows 695,790 - 695,790 - - NET POSITION Net investment in capital assets 38,679,199 - 38,679,199 14,282 494,546 Restricted for: Public safety 433,367 - 433,367 - - Culture and recreation 124,676 - 124,676 - - Human services 140,840 - 140,840 - - Environmental protection 161,784 - 161,784 - - Register of deeds 31,460 - 31,460 - - Stabilization by State Statute 7,380,950 - 7,380,950 - - Capital projects 5,540,716 - 5,540,716 - 100,000 Working capital - - - - 163,216 Unrestricted 16,417,853 673,282 17,091,135 324,644 862,536 Total net position 68,910,845$ 673,282$ 69,584,127$ 338,926$ 1,620,298$ The notes to the financial statements are an integral part of this statement. Person County, North Carolina Statement of Net Position June 30, 2021 Primary Government Component Units 24 127 Functions/Programs Expenses Charges for Services Operating Grants and Contributions Capital Grants and Contributions Primary government: Governmental Activities: General government 12,935,151$ 1,077,017$ 189,523$ -$ Public safety 17,240,103 2,879,774 1,415,887 - Transportation 1,212,218 165,407 412,355 106,147 Human services 16,788,184 1,123,017 8,884,556 - Environmental Protection 788,995 1,143,744 - - Economic and physical development 1,598,740 80,130 96,166 223,516 Cultural and recreation 2,109,894 217,340 135,407 - Education 12,715,831 - - - Interest on long-term debt 248,213 - - - Total governmental activities 65,637,329 6,686,429 11,133,894 329,663 Business-Type Activity: Stormwater 174,143 280,429 - - Total primary government 65,811,472$ 6,966,858$ 11,133,894$ 329,663$ Component unit: Person County Tourism Development Authority 144,086$ 318,087$ 18,000$ -$ Person County ABC Board 5,244,579 5,491,123 - - Total Component Units 5,388,665$ 5,809,210$ 18,000$ -$ General revenues: Taxes: Property taxes, levied for general purpose Local option sales tax Other taxes Investment earnings, unrestricted Miscellaneous, unrestricted: Loss on sale of capital asset Contributed capital Other miscellaneous Total general revenue Change in net position Net position-beginning Restatement - change in accounting principle Net position-beginning, restated Net position-ending Person County, North Carolina Statement of Activities For the fiscal year ended June 30, 2021 Program Revenues 25 128 Exhibit 2 Governmental Activities Business-type Activity Total Person County Touriusm Development Authority Person County ABC Board (11,668,611)$ -$ (11,668,611)$ (12,944,442) - (12,944,442) (528,309) - (528,309) (6,780,611) - (6,780,611) 354,749 - 354,749 (1,198,928) - (1,198,928) (1,757,147) - (1,757,147) (12,715,831) - (12,715,831) (248,213) - (248,213) (47,487,343) - (47,487,343) - 106,286 106,286 (47,487,343) 106,286 (47,381,057) -$ -$ -$ 192,001$ -$ - - - - 246,544 -$ -$ -$ 192,001$ 246,544$ 35,587,594 - 35,587,594 - - 10,507,215 - 10,507,215 - - 247,726 - 247,726 - - 116,113 2,554 118,667 203 1,760 (133,252) - (133,252) - - - - - - - 1,698,193 - 1,698,193 287 101,895 48,023,589 2,554 48,026,143 490 103,655 536,246 108,840 645,086 192,491 350,199 68,228,460 564,442 68,792,902 146,435 1,270,099 146,139 - 146,139 - - 68,374,599 564,442 68,939,041 146,435 1,270,099 68,910,845$ 673,282$ 69,584,127$ 338,926$ 1,620,298$ Primary Government Component Units Net (Expense) Revenue and Changes in Net Position 26 129 Exhibit 3 Non-Major General Person Industries Community Rehabilitation Program and Material Recovery Facility Fund ARPA Fund Other Governmental Funds Total Governmental Funds ASSETS Cash and cash equivalents 25,266,926$ 811,013$ -$ 4,283,176$ 30,361,115$ Restricted cash and cash equivalents 1,849,700 - 3,835,264 6,151,935 11,836,899 Ad valorem taxes receivable, net 448,438 - -- 448,438 Other receivables, net 4,859,739 223,161 - 98,629 5,181,529 Due from other funds 479,244 - - - 479,244 Prepaid expenditures 126,044 - - - 126,044 Total assets 33,030,091$ 1,034,174$ 3,835,264$ 10,533,740$ 48,433,269$ LIABILITIES AND FUND BALANCES Liabilities: Accounts payable and accrued liabilities 1,448,641$ 29,145$ -$ 370,287$ 1,848,073$ Miscellaneous liabilities 7,320 - - - 7,320 Due to other governments - - 3,835,235 - 3,835,235 Due to other funds - 479,244 - - 479,244 Total liabilities 1,455,961 508,389 3,835,235 370,287 6,169,872 DEFERRED INFLOWS OF RESOURCES Prepaid taxes 144,008 - - - 144,008 Property taxes receivable 448,438 - - - 448,438 Notes receivable - - - 26,924 26,924 Total deferred inflows of resources 592,446 - - 26,924 619,370 Fund balances: Nonspendable: Prepaids 126,044 - - - 126,044 Restricted: Stabilization by State Statute 6,968,218 223,161 - 189,571 7,380,950 Register of Deeds 31,460 - - - 31,460 Public safety 180,273 - - 253,094 433,367 Culture and recreation - - - 124,676 124,676 Environmental protection - 161,784 - - 161,784 Human services - 140,840 - - 140,840 Capital projects - -29 5,540,687 5,540,716 Committed: Tax reappraisal 637,518 - - - 637,518 Economic development - - - 911,183 911,183 Environmental protection - - - 914,700 914,700 Public safety - - - 157,043 157,043 LEOSSA Pension 345,801 - - - 345,801 Capital projects - - - 1,403,459 1,403,459 Assigned: Subsequent year's expenditures 965,506 - - 640,925 1,606,431 Unassigned:21,726,864 - - 1,191 21,728,055 Total fund balances 30,981,684 525,785 29 10,136,529 41,644,027 Total liabilities, deferred inflows of resources, and fund balances 33,030,091$ 1,034,174$ 3,835,264$ 10,533,740$ 48,433,269$ Balance Sheet Governmental Funds June 30, 2021 Person County, North Carolina Major 27 130 Exhibit 3 (Cont) Ending fund balance for Governmental Funds 41,644,027$ 47,593,182 Net pension asset - Register of Deeds 72,322 81,809 448,438 26,924 Pension related deferrals, net 5,554,772 OPEB related deferrals, net 5,099,240 Accrued interest payable (68,717) General Obligation Bonds (1,675,668) Installment purchases (7,281,432) Capital lease (310,435) Accrued post-closure care costs (51,704) Compensated absences (1,270,053) Net pension liability - LGERS (8,677,708) Net pension liability - LEOSSA (2,685,736) Other postemployment benefits (9,588,416) Total net position of governmental activities 68,910,845$ Some liabilities, including bonds payable and other postemployment benefits, are not due and payable in the current period and therefore are not reported in the funds. Deferred inflows of resources for taxes receivable Person County, North Carolina Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position June 30, 2021 Internal service fund is used by management to charge insurance costs to individual funds; the assets and liabilities of the internal service fund is included in governmental activities in the Statement of Net Position Amounts reported for governmental activities in the statement of net position (Exhibit 1) are different because: Capital assets used in governmental activities are not financial resources and therefore are not reported in the funds. Deferred inflows of resources for note receivable 28 131 Exhibit 4 For the fiscal year ended June 30, 2021 Non-Major General Fund Person Industries Community Rehabilitation Program and Material Recovery Facility Fund ARPA Fund Other Governmental Funds Total Governmental Funds REVENUES Ad valorem taxes 34,703,380$ -$ -$ 1,123,732$ 35,827,112$ Local options sales taxes 10,507,215 - - - 10,507,215 Other taxes and licenses 247,726 - - - 247,726 Fees 725,897 - - - 725,897 Intergovernmental 10,086,325 406,146 - 1,160,061 11,652,532 Investment earnings 6,009 130 29 109,702 115,870 Charges for services 4,895,564 875,993 - - 5,771,557 Other 905,419 3,683 - 794,027 1,703,129 Total revenues 62,077,535 1,285,952 29 3,187,522 66,551,038 EXPENDITURES Current: General government 8,393,239 - - - 8,393,239 Public safety 14,264,582 - - 1,629,929 15,894,511 Transportation 881,606 - - - 881,606 Human services 13,475,971 1,494,310 - 777,743 15,748,024 Environmental protection 145,800 555,140 - -700,940 Economic and physical development 1,088,052 - - 413,009 1,501,061 Cultural and recreational 1,911,945 - - - 1,911,945 Intergovernmental: Education 11,759,077 - - - 11,759,077 Capital outlay 1,119,304 - - 3,194,782 4,314,086 Debt service: Principal - - - 1,772,505 1,772,505 Interest and other charges - - - 272,126 272,126 Total expenditures 53,039,576 2,049,450 - 8,060,094 63,149,120 Excess (deficiency) of revenues over expenditures 9,037,959 (763,498) 29 (4,872,572) 3,401,918 OTHER FINANCING SOURCES (USES) Transfers from other funds - 595,193 - 6,762,965 7,358,158 Transfers to other funds (8,337,158) - - (439,206) (8,776,364) Sale of capital assets 93,501 - - - 93,501 Total other financing sources and uses (8,243,657) 595,193 - 6,323,759 (1,324,705) Net change in fund balances 794,302 (168,305) 29 1,451,187 2,077,213 Fund balances-beginning 30,187,382 694,090 - 8,538,936 39,420,408 Restatement - change in accounting principle - - - 146,406 146,406 Fund Balances-beginning (as retated)30,187,382 694,090 - 8,685,342 39,566,814 Fund balances-ending 30,981,684$ 525,785$ 29$ 10,136,529$ 41,644,027$ The notes to the financial statements are an integral part of this statement. Statement of Revenues, Expenditures, and Changes in Fund Balance Governmental Funds Person County, North Carolina Major 29 132 Person County, North Carolina Exhibit 4 (Cont.) For the fiscal year ended June 30, 2021 Amounts reported for governmental activities in the statement of activities are different because: Net changes in fund balances - total governmental funds 2,077,213$ Governmental funds report capital outlays as expenditures. However, in the Statement of Activities the cost of those assets is allocated over their estimated useful lives and reported as depreciation expense. This is the amount by which capital outlays exceeded depreciation in the current period. Capital outlay expenditures which were capitalized 2,496,256 Depreciation expense for governmental assets (3,811,608) Basis of assets disposed of (226,752) (1,542,104) The issuance of long-term debt provides current financial resources to governmental funds, while the repayment of the principal of long-term debt consumes the current financial resources of governmental funds. Neither transaction has any effect on net position. This amount is the net effect of these differences in the treatment of long-term debt and related items.1,772,505 Expenses related to compensated absences, other postemployment benefits, net pension obligation, and pension expense that do not require current financial resources are not reported as expenditures in the governmental funds statement.(2,075,769) Some expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in the governmental funds.23,912 Internal service funds are used by management to charge the costs of health insurance to individual funds. The net revenue of certain activities of internal service funds is reported with governmental activities.524,943 The issuance of revolving loans consumes current financial resources of governmental funds, while the repayment of the principal of the note receivable provides current financial resources to governmental funds. Neither transaction has any effect on net position. This amount is the amount that the issuance of the note exceeds the principal repayment. (4,936) Revenues in the statement of activities that do not provide current financial resources are not reported as revenues in the funds. (239,518) Total changes in net position of governmental activities 536,246$ The notes to the financial statements are an integral part of this statement. Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds To the Statement of Activities 30 133 Exhibit 5 Variance with Final Budget-- Original Final Positive Budget Budget Actual (Negative) REVENUES Ad valorem taxes 32,984,615$ 32,984,615$ 34,703,380$ 1,718,765$ Local option sales taxes 7,232,304 10,713,847 10,507,215 (206,632) Other taxes and licenses 189,200 189,200 247,726 58,526 Fees 718,358 772,378 725,897 (46,481) Intergovernmental 8,092,316 10,464,627 10,086,325 (378,302) Investment earnings - 7,200 6,009 (1,191) Charges for services 3,977,403 4,062,249 4,895,564 833,315 Other 448,813 903,579 905,419 1,840 Total revenues 53,643,009 60,097,695 62,077,535 1,979,840 EXPENDITURES Current: General government 7,869,083 9,873,387 8,183,265 1,690,122 Public safety 14,712,251 16,307,548 15,019,950 1,287,598 Transportation 1,206,485 1,503,239 1,047,943 455,296 Human services 14,147,715 16,048,055 13,553,318 2,494,737 Environmental protection 182,584 210,988 145,800 65,188 Economic and physical development 1,262,386 1,253,154 1,092,660 160,494 Cultural and recreational 1,999,324 2,143,957 1,911,945 232,012 Contingency 385,220 169,260 - 169,260 Intergovernmental: Education 11,757,077 11,757,077 11,759,077 (2,000) Total expenditures 53,522,125 59,266,665 52,713,958 6,552,707 Revenues over (under) expenditures 120,884 831,030 9,363,577 8,532,547 OTHER FINANCING SOURCES (USES) Transfers to other funds (4,019,484) (8,518,022) (8,337,158) 180,864 Sale of capital assets - - 93,501 93,501 Total other financing sources (uses)(4,019,484) (8,518,022) (8,243,657) 274,365 Revenues and other financing sources over (under) expenditures and other financing uses (3,898,600) (7,686,992) 1,119,920 8,806,912 APPROPRIATED FUND BALANCE 3,898,600 7,686,992 - (7,686,992) Revenues, other sources, and appropriated fund balance over (under) expenditures and other financing uses -$ -$ 1,119,920 1,119,920$ Fund balances-beginning 29,943,279 Fund balances-ending 31,063,199$ Legally budgeted Tax Reappraisal expenditures have been consolidated into the General Fund for reporting purposes: Expenditures (325,618)$ Consolidated change in fund balance 794,302 Fund balance-beginning 30,187,382 Fund balance-ending 30,981,684$ The notes to the financial statements are an integral part of this statement. Statement of Revenues, Expenditures, and Changes in Fund Balances Budget and Actual - General Fund For the fiscal year ended June 30, 2021 Person County, North Carolina 31 134 Person County, North Carolina Exhibit 6 Variance Original Positive Budget Final Budget Actual (Negative) REVENUES Intergovernmental Revenues Adult vocation and rehabilitation program 429,500$ 429,500$ 300,313$ (129,187)$ ROAP Transportation 29,000 - - - NC DENR Grant - 6,800 6,800 - White goods disposal tax 16,000 16,000 10,171 (5,829) Scrap tire disposal tax 55,000 55,000 58,267 3,267 Electronics management tax 2,400 2,400 - (2,400) Solid waste disposal tax 28,000 28,000 30,595 2,595 Total intergovernmental revenues 559,900 537,700 406,146 (131,554) Charge for services Sales 1,550,000 1,550,000 403,442 (1,146,558) Medicaid 581,000 581,000 325,896 (255,104) Transportation 18,500 18,500 7,166 (11,334) Local services 45,000 45,000 52,784 7,784 Recycling fee 25,000 25,000 50,000 25,000 Recycling sales 52,900 52,900 36,705 (16,195) Total charge for services 2,272,400 2,272,400 875,993 (1,396,407) Investment earnings - - 130 130 Other revenues Donations and miscellaneous 6,100 6,100 3,683 (2,417) Total revenues 2,838,400 2,816,200 1,285,952 (1,530,248) EXPENDITURES Human Services Personnel expenditures 1,161,886 Operating expenditures 332,424 Total 2,701,301 2,667,208 1,494,310 1,172,898 Environmental protection Personnel expenditures 296,405 Operating expenditures 258,735 Total 698,566 749,423 555,140 194,283 Total expenditures 3,399,867 3,416,631 2,049,450 1,367,181 Excess (deficiency) of revenues over expenditures (561,467) (600,431) (763,498) (163,067) OTHER FINANCING SOURCES Transfers in General fund 561,467 572,424 572,424 - Capital project fund - 22,769 22,769 - Total other financing sources 561,467 595,193 595,193 - Excess (deficiency) of revenues and other sources over expenditures - (5,238) (168,305) (163,067) APPROPRIATED FUND BALANCE - 5,238 - (5,238) Excess (deficiency) of revenues, other financing sources balance over expenditures -$ -$ (168,305) (168,305)$ Fund balance beginning 694,090 Fund balance end 525,785$ The notes to the financial statements are an integral part of this statement. For the fiscal year ended June 30, 2021 Statement of Revenues, Expenditures and Changes in Fund Balances Budget and Actual - Person Industries Community Rehabilitation Program and Material Recovery Facility Fund 32 135 Person County, North Carolina Exhibit 7 Non-Major Enterprise Fund Internal Service Fund Stormwater Fund Insurance Fund Assets Current assets: Cash and cash equivalents 658,880$ 1,279,148$ Receivables, net 14,778 58,885 Total current assets 673,658 1,338,033 Liabilities Current liabilities: Accounts payable and accrued expenses 376 1,256,224 Total current liabilities 376 1,256,224 Total liabilities 376 1,256,224 Net Position Unrestricted 673,282 81,809 Total net position 673,282$ 81,809$ The notes to the financial statements are an integral part of this statement. Statement of Net Position Proprietary Funds June 30, 2021 33 136 Person County, North Carolina Exhibit 8 Non-Major Enterprise Fund Internal Service Fund Stormwater Fund Insurance Fund Operating revenues Charges for services 280,429$ 3,782,653$ Miscellaneous income - 447,335 Total operating revenues 280,429 4,229,988 Operating expenses Professional services 7,545 - Dues and subscriptions 86,598 - Stormwater administration 80,000 - Health insurance administration - 5,123,496 Total operating expenses 174,143 5,123,496 Operating income 106,286 (893,508) Nonoperating revenues (expenses) Interest earnings 2,554 243 Total nonoperating revenue (expenses) - net 2,554 243 Income (loss) before transfers 108,840 (893,265) Transfers Transfer from General fund - 1,418,208 Change in net position 108,840 524,943 Total net position, beginning 564,442 (443,134) Total net position, ending 673,282$ 81,809$ The notes to the financial statements are an integral part of this statement. Statement of Revenues, Expenses, and Changes in Fund Net Position Proprietary Funds For the fiscal year ended June 30, 2021 34 137 Person County, North Carolina Exhibit 9 Non-Major Enterprise Fund Internal Service Fund Stormwater Fund Insurance Fund Cash flows from operating activities Cash received from customers 284,033$ 4,233,407$ Cash paid for goods and services (205,781) (4,885,748) Net cash provided by (used for) operating activities 78,252 (652,341) Cash flows from investing activities Interest on investments 2,554 243 Net increase in cash and cash equivalents 80,806 766,110 Cash and cash equivalents Beginning of year, July 1 578,074 513,038 End of year, June 30 658,880$ 1,279,148$ Reconciliation of operating income (loss) to net cash provided by (used for) operating activities: Operating income (loss)106,286$ (893,508)$ Adjustments to reconcile operating income (loss) to net cash provided by (used for) operating activities: Changes in assets and liabilities: Accounts receivable 3,604 3,419 Accounts payable and accrued liabilities (31,638) 237,748 Total adjustments (28,034) 241,167 Net cash provided by (used for) operating activities 78,252$ (652,341)$ The notes to the financial statements are an integral part of this statement. Proprietary Funds For the fiscal year ended June 30, 2021 Statement of Cash Flows 35 138 Person County, North Carolina Exhibit 10 Statement of Fiduciary Net Position Custodial Funds ASSETS Cash and cash equivalents 81,993$ Taxes receivables, net 139,737 Total assets 221,730 LIABILITIES Accounts payable and accrued liabilities 222 Due to other governments 17,516 Total liabilities 17,738 NET POSITION Restricted for: Individuals, organizations, and other governments 203,992 Total net position 203,992$ The notes to the financial statements are an integral part of this statement. Fiduciary Funds June 30, 2021 36 139 Person County, North Carolina Exhibit 11 Statement of Changes in Fiduciary Net Position Fiduciary Funds Custodial Funds ADDITIONS Ad valorem taxes for other governments 775,534$ Collections on behalf of inmates 201,168 Collections on behalf of 4H 8,368 Total additions 985,070 DEDUCTIONS Tax distributions to other governments 819,628 Payments on behalf of inmates 176,604 Payments to 4H 10,587 Total deductions 1,006,819 Net increase (decrease) in fiduciary net position (21,749) Net position - beginning, as previously reported - Restatement - change in accounting principle 225,741 Net position - beginning, as restated 225,741 Net position - ending 203,992$ The notes to the financial statements are an integral part of this statement. June 30, 2021 37 140 This section contains the notes to the financial statements. These notes are an integral part of the financial statements and are necessary for fair financial statement presentation. Notes to the Financial Statements 141 Person County, North Carolina Notes to the Financial Statements For the Year Ended June 30, 2021 38 I. Summary of Significant Accounting Policies The accounting policies of Person County and its component units conform to generally accepted accounting principles as applicable to governments. The following is a summary of the more significant accounting policies: A. Reporting Entity The County, which is governed by a five-member board of commissioners, is one of the 100 counties established in North Carolina under North Carolina General Statute 153A-10. As required by generally accepted accounting principles, these financial statements present the County and its component units, legally separate entities for which the County is financially accountable. Person County Industrial Facility and Pollution Control Financing Authority (the “Authority”) exists to issue and service revenue bond debt of private businesses for economic development purposes. The Authority has no financial transactions or account balances; therefore, it is not presented in the basic financial statements. The Person County ABC Board (the "ABC Board”) and the Person County Tourism Development Authority (the “PCTDA”), which have a June 30 year-end, are presented as if they are separate proprietary funds of the County (discrete presentation). Component Unit Reporting Method Criteria for Inclusion Separate Financial Statements Person County Industrial Facility and Pollution Control Financing Authority Discrete Person County appoints all seven members of the governing board of the Authority. The County can remove any member of the Authority with or without cause. None issued. Person County ABC Board Discrete The members of the ABC Board's governing board are appointed by the County. The ABC Board is required by State statute to distribute its surpluses to the General Fund of the County. Person County ABC Board 712 North Madison Boulevard Roxboro, NC 27573 Person County Tourism Development Authority Discrete The PCTDA is fiscally dependent on the County. The PCTDA is funded by occupancy tax levied pursuant to Session Law 1997-364, which is collected and administered by the County. Person County Tourism Development Authority 29 Reams Ave Roxboro, NC 27573 B. Basis of Presentation, Basis of Accounting Basis of Presentation, Measurement Focus - Basis of Accounting Government-wide Statements: The statement of net position and the statement of activities display information about the primary government net position of Person County, North Carolina (the County) and its component units. These statements include the financial activities of the overall government, except for fiduciary activities. Eliminations have been made to minimize the double counting of internal activities. However, any interfund services provided and used are not eliminated in the process of consolidation. These statements distinguish between the governmental and business-type activities of the County. Governmental activities generally are financed through taxes, intergovernmental revenues, and other non- exchange transactions. The statement of activities presents a comparison between direct expenses and program revenues for the different business- type activities of the County and for each function of the County’s governmental activities. Direct expenses are those that are specifically associated with a program or function and, therefore, are clearly identifiable to a particular function. Indirect expense allocations that have been made in the funds have been reversed for the statement of activities. Program revenues include (a) fees and charges paid by the recipients of goods or services offered by the programs and (b) grants and contributions that are restricted to meeting the operational or capital requirements of a particular program. Revenues that are not classified as program revenues, including all taxes, are presented as general revenues. Fund Financial Statements: The fund financial statements provide information about the County’s funds, including its fiduciary funds. Separate statements for each fund category – governmental, proprietary, and fiduciary – are presented. The 142 Person County, North Carolina Notes to the Financial Statements For the Year Ended June 30, 2021 39 emphasis of fund financial statements is on major governmental funds, each of which is displayed in a separate column. All remaining governmental funds are aggregated and reported as non-major funds. Proprietary fund operating revenues, such as charges for services, result from exchange transactions associated with the principal activity of the fund. Exchange transactions are those in which each party receives and gives up essentially equal values. Non-operating revenues, such as subsidies, result from non-exchange transactions. Other non-operating items such as investment earnings are ancillary activities. The County reports the following major governmental funds: General Fund: This is the County’s primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund. The Tax Revaluation Fund is a legally budgeted fund under North Carolina General Statutes. For statement presentation, the Tax Revaluation Fund is consolidated in the General Fund. Person Industries Community Rehabilitation Program and Material Recovery Facility Fund: This special revenue fund accounts for revenues and expenditures generated from Person Industries, Inc., a community rehabilitation program and the Material Recovery Facility. ARPA Fund: This capital project fund accounts for revenues and expenditures for capital projects to be funded by the American Rescue Plan Act of 2021. The County reports the following internal service fund: Insurance Fund: This fund is used to account for the accumulation and allocation of costs associated with the County’s self- insured group health insured program. The County maintains fifteen legally budgeted non-major funds. The County reports the following non-major fund types: Special Revenue Funds: Special Revenue Funds account for specific revenue sources (other than major capital projects) that are legally restricted to expenditures for specified purposes. The County maintains eight Special Revenue Funds within its non-major governmental fund types: Fire Tax District Fund, Emergency Telephone System Fund, Revolving Loan Fund, Economic Catalyst Fund, Water and Sewer Construction Reserve Fund, Sherriff’s Execution Fund, Social Services Representative Fund, and Capital Investment Fund. Capital Project Funds: Capital Project Funds account for financial resources to be used for the acquisition or construction of capital facilities (other than those financed by proprietary funds and trust funds). Currently, the County maintains seven Capital Project Funds within its non-major governmental fund types: Airport Capital Projects Fund, Capital Improvement Projects Fund, CDBG Fund, Person County Recycling Center & Various Roofing Improvements Capital Projects Fund, Roxplex & Various Improvements Fund, Waterline Extension RRSG Fund, and Public Safety Towers and Broadband Fund. The County reports the following non-major enterprise fund: Stormwater Fund: This fund accounts for the operations of the County’s stormwater activities. The County reports the following fiduciary fund types: Custodial Funds: Custodial funds are used to report fiduciary activities that are not required to be reported in pension (and other employee benefit) trust funds, investment trust funds, or private purpose trust funds. Custodial funds are used to account for assets the County holds on behalf of others that meet certain criteria. The County maintains the following custodial funds: the City of Roxboro Property and Vehicle Tax Fund, which accounts for property taxes that are billed and collected by the County for the City of Roxboro; the Inmate Fund, which accounts for moneys deposited with the Sheriff’s 143 Person County, North Carolina Notes to the Financial Statements For the Year Ended June 30, 2021 40 Department on behalf of inmates held in the Person County jail; the 4-H Program Fund which accounts for moneys to be spent for future 4-H programs. In accordance with North Carolina General Statutes, all funds of the County are maintained during the year using the modified accrual basis of accounting. Government-wide, Proprietary, and Fiduciary Fund Financial Statements: The government-wide, proprietary, and fiduciary fund financial statements are reported using the economic resources measurement focus, except for the custodial funds which have no measurement focus. The government-wide, proprietary, and fiduciary fund financial statements are reported using the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded at the time liabilities are incurred, regardless of when the related cash flows take place. Non-exchange transactions, in which the County gives (or receives) value without directly receiving (or giving) equal value in exchange, include property taxes, grants, entitlements, and donations. On an accrual basis, revenue from property taxes is recognized in the fiscal year for which the taxes are levied. Revenue from grants, entitlements, and donations is recognized in the fiscal year in which all eligibility requirements have been satisfied. Amounts reported as program revenues include 1) charges to customers or applicants for goods, services, or privileges provided, 2) operating grants and contributions, and 3) capital grants and contributions, including special assessments. Internally dedicated resources are reported as general revenues rather than as program revenues. Likewise, general revenues include all taxes. Proprietary funds distinguish operating revenues and expenses from non-operating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund’s principal ongoing operations. The principal operating revenues of the County enterprise funds are charges to customers for sales and services. The County also recognizes as operating revenue the portion of tap fees intended to recover the cost of connecting new customers to the water and sewer system. Operating expenses for enterprise funds include the cost of sales and services, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as non-operating revenues and expenses. Governmental Fund Financial Statements: Governmental funds are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Under this method, revenues are recognized when measurable and available. Expenditures are recorded when the related fund liability is incurred, except for principal and interest on general long-term debt, claims and judgments, and compensated absences, which are recognized as expenditures to the extent they have matured. General capital asset acquisitions are reported as expenditures in governmental funds. Proceeds of general long- term debt and acquisitions under installment obligations issued are reported as other financing sources. The County considers all revenues available if they are collected within 90 days after year-end, except for property taxes. Ad valorem property taxes are not accrued as revenue because the amount is not susceptible to accrual. At June 30, taxes receivable for property other than motor vehicles are materially past due and are not considered to be an available resource to finance the operations of the current year. As of September 1, 2013, State law altered the procedures for the assessment and collection of property taxes on registered motor vehicles in North Carolina. Effective with this change in the law, the State of North Carolina is responsible for billing and collecting the property taxes on all registered motor vehicles on behalf of all municipalities and special tax districts. Property taxes are due when vehicles are registered. The billed taxes are applicable to the fiscal year in which they are received. Uncollected taxes that were billed in periods prior to September 1, 2013 and for limited registration plates are shown as a receivable in these financial statements and are offset by deferred inflows of resources. Sales taxes and certain intergovernmental revenues collected and held by the State at year-end on behalf of the County, are recognized as revenue. Intergovernmental revenues and sales and services are not susceptible to accrual because generally they are not measurable until received in cash. All taxes, including those dedicated for specific purposes are reported as general revenues rather than program revenues. Expenditure-driven grants are recognized as revenue when the qualifying expenditures have been incurred and all other grant requirements have been satisfied. 144 Person County, North Carolina Notes to the Financial Statements For the Year Ended June 30, 2021 41 Under the terms of grant agreements, the County funds certain programs by a combination of specific cost-reimbursement grants, categorical block grants, and general revenues. Thus when program expenses are incurred, there is both restricted and unrestricted net position available to finance the program. It is the County’s policy to first apply cost-reimbursement grant resources to such programs, followed by categorical block grants, and then by general revenues. C. Budgetary Data The County’s budgets are adopted as required by the North Carolina General Statutes. An annual budget is adopted for the General, Special Revenue, Internal Service, and Enterprise Funds. All annual appropriations lapse at the fiscal year-end. Project ordinances are adopted for the Capital Projects Fund. All budgets are prepared using the modified accrual basis of accounting. Expenditures may not legally exceed appropriations at the functional level for all annually budgeted funds and at the project level for the multi-year funds. Amendments are required for any revisions that alter total expenditures of any fund or that change functional appropriations by more than $10,000. The governing board must approve all amendments. During the year, several amendments to the original budget were necessary. The budget ordinance must be adopted by July 1 of the fiscal year or the governing board must adopt an interim budget that covers that time until the annual ordinance can be adopted. D. Assets, Liabilities, Deferred Inflows and Outflows of Resources, and Fund Equity 1. Deposits and Investments All deposits of the County and its component units are made in board-designated official depositories and are secured as required by G.S. 159-31. The County and its component units may designate, as an official depository, any bank or savings association whose principal office is located in North Carolina. Also, the County and its component units may establish time deposit accounts such as NOW and SuperNOW accounts, money market accounts, and certificates of deposit. State law [G.S. 159-30(c)] authorizes the County and its component units to invest in obligations of the United States or obligations fully guaranteed both as to principal and interest by the United States; obligations of the State of North Carolina; bonds and notes of any North Carolina local government or public authority; obligations of certain non-guaranteed federal agencies; certain high quality issues of commercial paper and bankers' acceptances and the North Carolina Capital Management Trust (NCCMT). The majority of the County, the PCTDA and the ABC Board’s investments are carried at fair value. The NCCMT Government Portfolio, a SEC-registered (2a-7) external investment pool, is measured at amortized cost, which is the NCCMT’s share price. The NCCMT Term Portfolio’s securities are valued at fair value. 2. Cash and Cash Equivalents The County pools moneys from several funds to facilitate disbursement and investment and to maximize investment income. Therefore, all cash and investments are essentially demand deposits and are considered cash and cash equivalents. The PCTDA’s deposits are pooled with the County. The ABC Board considers demand deposits and investments purchased with an original maturity of three months or less, which are not limited as to use, to be cash and cash equivalents. 3. Restricted Assets The unexpended debt proceeds are classified as restricted assets in the capital projects funds because their use is completely restricted to the purpose for which the debt was originally issued. Money in the Reappraisal Fund, Register of Deeds, Technology Fund, and the Law Enforcement and LEOSSA Pension Restricted Fund are classified as restricted assets because their use is restricted per North Carolina General Statute 153A-150. 145 Person County, North Carolina Notes to the Financial Statements For the Year Ended June 30, 2021 42 Restricted cash at June 30, 2021 consisted of the following: Governmental activities: General Fund Tax Revaluation 637,519$ General Fund Information Technology 624,709 General Fund Register of Deeds 60,969 General Fund Law Enforcement 102,742 General Fund LEOSSA Pension 423,761 ARPA Fund Unexpended Grant Proceeds 3,835,264 Public Safety Tower and Broadband Fund Unexpended Debt Proceeds 81,695 Airport Capital Projects Fund Airport Construction 4,578,550 Emergency Telephone System Fund Public Safety 259,573 Capital Investments Fund Lottery Proceeds 1,232,117 Total restricted cash 11,836,899$ Person County Restricted Cash 4. Ad Valorem Taxes Receivable In accordance with State law [G.S. 105-347 and G.S. 159-13(a)], the County levies ad valorem taxes on property other than motor vehicles on July 1, the beginning of the fiscal year. These taxes are due on September 1 (lien date); however, penalties and interest do not accrue until the following January 6. These taxes are based on the assessed values as of January 1, 2017. Ad valorem tax revenues are reported in the County’s General Fund. 5. Allowances for Doubtful Accounts All receivables that historically experience uncollectible accounts are shown net of an allowance for doubtful accounts. This amount is estimated by analyzing the percentage of receivables that were written off in prior years. 6. Inventories and Prepaid Items The inventory of the ABC Board is valued at cost (first-in, first-out), which approximates market. The inventory of the ABC Board consists of goods held for resale. The cost of the inventory carried for the ABC Board is recorded as an expense as it is sold. Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements and expensed as the items are used in accordance with the consumption method. 7. Capital Assets Purchased or constructed capital assets are reported at cost or estimated historical cost. Donated capital assets received prior to July 1, 2015 are recorded at their estimated fair value at the date of donation. Donated capital assets received after July 1, 2015 are recorded at acquisition value. All other purchased or constructed capital assets are reported at cost or estimated historical cost. The County defines capital assets as assets with an individual cost of more than $5,000, and an estimated useful life of more than two years. The cost of normal maintenance and repairs that do not add to the value of the asset or materially extend assets’ lives are not capitalized. The County holds title to certain Person County Board of Education properties that have been included in capital assets. The properties have been deeded to the County to permit installment purchase financing of acquisition and construction costs and to permit the County to receive refunds of sales tax paid for construction costs. Agreements between the County and the Board of Education give the Board of Education full use of the facilities, full responsibility for maintenance of the facilities, and provide that the County will convey title to the property back to the Board of Education, after all restrictions of the financing agreements and all sales tax reimbursement requirements have been met. 146 Person County, North Carolina Notes to the Financial Statements For the Year Ended June 30, 2021 43 Capital assets of the County are depreciated on a straight line basis over the following estimated useful lives: Years Buildings 50 Infrastructure 15-20 Improvements 5-25 Equipment 3-25 Capital assets of the ABC Board are depreciated over their useful lives on a straight-line basis as follows: Years Buildings 30-40 Store Equipment 5-25 Office Furniture and Fixtures 5-20 Vehicles 5 Property and equipment of the ABC Board are recorded at original cost at the time of acquisition. Depreciation of all exhaustible capital assets used by proprietary funds is charged as an expense of operations. Capital assets are recorded net of accumulated depreciation on the ABC Board Balance Sheet. Depreciation has been provided over the estimated useful lives using the straight-line method. 8. Deferred Outflows/Inflows of Resources In addition to assets, the statement of net position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, Deferred Outflows of Resources, represents a consumption of net position that applies to a future period and so will not be recognized as an expense or expenditure until then. The County has several items that meet this criterion – pension and OPEB related deferrals, and contributions made to the OPEB and pension plan in the current fiscal year. In addition to liabilities, the statement of net position can also report a separate section for deferred inflows of resources. This separate financial statement element, Deferred Inflows of Resources, represents an acquisition of net position that applies to a future period and so will be recognized as revenue until then. The County has three items that meet the criterion for this category – prepaid taxes, notes receivable and other OPEB or pension related deferrals. 9. Long-Term Obligations In the government-wide financial statements and in the proprietary fund types in the fund financial statements, long-term debt and other long-term obligations are reported as liabilities on the statements of net position. In the fund financial statements for governmental fund types, the face amount of debt issued is reported as other financing sources. 10. Compensated Absences The vacation policy of the County provides for the accumulation of up to 12 days annual leave per year for the first five years of employment and up to 21 days per year after twenty years. Annual leave fully vests when earned. Employees may accumulate up to thirty (30) days earned vacation leave. Accumulated leave earned in excess of 30 days for any calendar year converts to sick leave at the end of the calendar year. For the County, the current portion of the accumulated vacation pay is not considered to be material. The County's liability for accumulated earned vacation and the salary-related payments as of June 30, 2021 is recorded in the government-wide financial statements on a LIFO basis. Employees typically take leave as it is earned and the current portion is estimated to approximately the same amount as the previous year's leave taken. The sick leave policy of the County provides for the accumulation of up to 12 days per year. There is no limit on the accumulation of sick leave. Sick leave does not vest, but any unused sick leave accumulated at the time of retirement may be used in the determination of length of service for retirement benefit purposes. Since the County has no obligation for the accumulated sick leave until it is actually taken, no accrual for sick leave has been made by the County. 147 Person County, North Carolina Notes to the Financial Statements For the Year Ended June 30, 2021 44 Depending on length of service, he ABC Board's vacation policy depending is that employees may earn a maximum of three weeks' vacation per year, with the option to carry forward a maximum of one week per year. Any unused vacation over the one week carry over allowance at December 31 is forfeited. Vacation not taken at time of retirement may be used in the determination of length of service for retirement benefit purposes. The sick leave policies for the ABC Board allow employees to accumulate unlimited days of sick leave. Sick leave does not vest, but any accumulated sick leave at the time of retirement may also be used in the determination of length of service for retirement benefit purposes. Since the ABC Board has no obligation for vacation or sick leave benefits until actually taken, no accrual for these benefits has been made. The vacation policy of the PCTDA provides for the accumulation of up to 240 hours earned vacation leave with such leave being fully vested when earned. The sick leave policy of the PCTDA provides for an unlimited accumulation of earned sick leave. Sick leave does not vest and is limited to a carryover of 120 hours per year. 11. Net Position/Fund Balances Net Position Net position in government-wide and proprietary fund financial statements is classified as net investment in capital assets, restricted; and unrestricted. Restricted net position represents constraints on resources that are either a) externally imposed by creditors, grantors, contributors, or laws or regulations of other governments or b) imposed by law through state statute. Fund Balances In the governmental fund financial statements, fund balance is composed of five classifications designed to disclose the hierarchy of constraints placed on how fund balance can be spent. The governmental fund types classify fund balances as follows: Nonspendable Fund Balance - This classification includes amounts that cannot be spent because they are either (a) not in spendable form or (b) legally or contractually required to be maintained intact. Prepaids - portion of fund balance that is not an available resource because it represents the year-end balance of prepaids, which are not spendable resources. Restricted Fund Balance - This classification includes revenue sources that are restricted to specific purposes externally imposed by creditors or imposed by law. Restricted for Stabilization of State Statute - portion of fund balance that is restricted by State Statute [G.S. 159- 8(a)]. Restricted for Register of Deeds - portion of fund balance that is restricted by revenue source to pay for the computer equipment and imaging technology for the Register of Deeds office. Restricted for Public Safety - portion of fund balance that is restricted by revenue source for local law enforcement agencies to pay and account for purchases under the guidelines set forth by state and federal agencies and for establishing and maintaining electronic capacity to determine the location of an emergency when citizens call 911 which will allow emergency services to more quickly and accurately respond. Restricted for Culture and Recreation - portion of fund balance that is restricted by the terms and direction of a Will and Testament for the sole purpose of the continued development of the Person County Public Library. Restricted for Environmental Protection - portion of fund balance that is restricted by revenue source for the operation of a material recycling facility. 148 Person County, North Carolina Notes to the Financial Statements For the Year Ended June 30, 2021 45 Restricted for Human Services - portion of fund balance that is restricted by revenue source for the operation of Person Industries, a community rehabilitation program. Restricted for Capital Projects - portion of fund balance that is restricted by revenue source and debt proceeds for construction projects of the Person County Executive Airport and the renovation of County properties. Committed Fund Balance - Portion of fund balance that can only be used for specific purpose imposed by resolution of Person County’s Board of Commissioners (highest level of decision-making authority). Any changes or removal of specific purposes requires resolution by the Board of Commissioners. Committed for Tax Reappraisal - portion of fund balance committed by the Board for the cost of the reappraisal process for taxable property. Committed for Economic Development - portion of fund balance committed by the Board for the purposes of loaning funds to small business enterprises to assist in their growth and expansion through the Revolving Loan Program. Committed for Environmental Protection - portion of fund balance held in reserve for future water and sewer extensions through the Water and Sewer Construction Reserve Projects. Committed for Public Safety – portion of fund balance held in reserve for future capital expenditures for volunteer fire departments and rescue squads. Committed for LEOSSA pension obligation - portion of fund balance that will be used for the Law Enforcement Officers’ Special Separation Allowance Obligations. Committed for Capital Projects - portion of fund balance committed by the Board relative to capital improvement projects for the County. Assigned Fund Balance - portion of fund balance that the Person County governing board has budgeted. Subsequent year’s expenditures - portion of fund balance that is appropriated in the next year’s budget that is not already classified in restricted or committed. The governing body approves the appropriation; however the budget ordinance authorizes the manager to transfer appropriations within the same functional areas of the same fund without limitation and without a report to the Board of Commissioners; the manager is also authorized by the budget ordinance to transfer amounts up to $10,000 between functional areas of the same fund with an official report on such transfers at the next regular meeting of the Board of Commissioners. Unassigned Fund Balance - Portion of fund balance that has not been restricted, committed, or assigned to specific purposes or other funds. The General Fund is the only fund that reports positive unassigned fund balance amount. Other governmental funds may have a negative unassigned fund balance if expenditures incurred for specific purposes exceed the amounts that are restricted for those purposes. Person County has a revenue spending policy that provides guidance for programs with multiple revenue sources. The Finance Officer will use resources in the following hierarchy: bond proceeds, federal funds, State funds, local non-county funds, and county funds. For purposes of fund balance classification, expenditures are to be spent from restricted fund balance first, followed in order by committed fund balance, assigned fund balance, and lastly, unassigned fund balance. The Finance Officer has the authority to deviate from this policy if it is in the best interest of the County. Person County also has within their adopted resolution for the County Capital Reserve Fund a section on the Board's intent to maintain a minimum fund balance target for the General Fund so that available fund balance is at least equal to or greater than 18% of expenditures. Any portion of the General Fund balance in excess of 21% of expenditures may be appropriated for one-time expenditures and may not be used for any purpose that would obligate the County in a future budget. 149 Person County, North Carolina Notes to the Financial Statements For the Year Ended June 30, 2021 46 12. Defined Benefit Pension and OPEB Plans The County participates in three cost-sharing, multiple-employer, defined benefit pension plans that are administered by the State; the Local Governmental Employees’ Retirement System (LGERS), the Registers of Deeds’ Supplemental Pension Fund (RODSPF), and the Law Enforcement Officers’ Special Separation Allowance (LEOSSA) (collectively, the “state-administered defined benefit pension plans”) and one other postemployment benefit plan (OPEB). For purposes of measuring the net pension asset, deferred outflows of resources and deferred inflows of resources related to pensions, and pension expense, information about the fiduciary net positions of the state-administered defined benefit pension plans and additions to/deductions from the state- administered defined benefit pension plans’ fiduciary net positions have been determined on the same basis as they are reported by the state-administered defined benefit pension plans. For this purpose, plan member contributions are recognized in the period in which the contributions are due. The County’s employer contributions are recognized when due and the County has a legal requirement to provide the contributions. Benefits and refunds are recognized when due and payable in accordance with the terms of the state-administered defined benefit pension plans. Investments are reported at fair value. 13. Stewardship, Compliance, and Accountability Excess of Expenditures over Appropriations In Exhibit C-10, expenditures were in excess of appropriation by $377,743. This over expenditure occurred as a result of the first year of implementation of GASB 84. In future years this fund will be part of the original budget and monitored throughout the year for necessary amendments. II. Detail Notes On All Funds A. Assets 1. Deposits All of the County's, the ABC Board's and the PCTDA’s deposits are either insured or collateralized by using one of two methods. Under the Dedicated Method, all deposits exceeding the federal depository insurance coverage level are collateralized with securities held by the County's or the ABC Board's agents in these units' names. Under the Pooling Method, which is a collateral pool, all uninsured deposits are collateralized with securities held by the State Treasurer's agent in the name of the State Treasurer. Since the State Treasurer is acting in a fiduciary capacity for the County the ABC Board and the PCTDA, these deposits are considered to be held by their agents in the entities' names. The amount of the pledged collateral is based on an approved averaging method for non-interest-bearing deposits and the actual current balance for interest-bearing deposits. Depositories using the Pooling Method report to the State Treasurer the adequacy of their pooled collateral covering uninsured deposits. The State Treasurer does not confirm this information with the County, the ABC Board or the PCTDA, or with the escrow agent. Because of the inability to measure the exact amount of collateral pledged for the County the ABC Board or the PCTDA under the Pooling Method, the potential exists for under- collaterization, and this risk may increase in periods of high cash flows. However, the State Treasurer of North Carolina enforces strict standards of financial stability for each depository that collateralizes public deposits under the Pooling Method. The County the ABC Board and the PCTDA do not have policies regarding custodial credit risk for deposits. The State Treasurer enforces standards of minimum capitalization for all pooling method financial institutions. The County, the ABC Board and the PCTDA rely on the State Treasurer to monitor those financial institutions. The County analyzes the financial soundness of any other financial institution used by the County. The County complies with the provisions of G.S. 159-31 when designating official depositories and verifying that deposits are properly secured. The ABC Board and PCTDA have no formal policy regarding custodial credit risk for deposits. At June 30, 2021, the County's deposits had a carrying amount of $3,889,040 and a bank balance of $4,535,777. Of the bank balance, $1,000,000 was covered by federal depository insurance and $3,535,777 in interest-bearing deposits was covered by collateral held under the Pooling Method. 150 Person County, North Carolina Notes to the Financial Statements For the Year Ended June 30, 2021 47 At June 30, 2021, Person County had $8,496 cash on hand which was composed of undeposited receipts and petty cash. At June 30, 2021, the Person County ABC Board’s deposits had a carrying amount of $992,179 and a bank balance of $996,527. Of this balance, $500,000 was covered by federal depository insurance. The balance in excess of FDIC coverage is covered by the Pooling Method of collateralization. At June 30, 2021 the Person County ABC Board also had cash on hand in the amount of $4,150. At June 30, 2021, the PCTDA’s deposits had a carrying amount of $288,873 and a bank balance of $293,787. The total bank balance was covered by federal depository insurance. 2. Investments At June 30, 2021, the County had the following investments and maturities: Less than Fair Value 6 Months NC Capital Management Trust - Government Portfolio (Operating) 36,258,972$ 36,258,972$ NC Capital Management Trust - Government Portfolio (Home Health & Hospice) 226,263 226,263 NC Capital Management Trust - Government Portfolio (American Rescue Plan)3,835,264 3,835,264 Total 40,320,499$ 40,320,499$ Investment Type Measurement Method Valuation Fair Value - Level 1 Fair Value - Level 1 Fair Value - Level 1 * Because the NCCMT Government Portfolios have a weighted average maturity of less than 90 days, they are presented as an investment with a maturity of less than 6 months. The NCCMT Government Portfolio has an AAAm rating from S&P. All investments are measured using the market approach: using prices and other relevant information generated by market transactions involving identical or comparable assets or a group of assets. Level of fair value hierarchy: Level 1: Debt securities valued using directly observable, quoted prices (unadjusted) in active markets for identical assets. Level Two: Debt securities are valued using a matrix pricing technique. Matrix pricing is used to value securities based on the securities’ relationship to benchmark quoted prices. Interest Rate Risk. The County has no policy on interest rate risk. However, as a means of limiting the County's exposure to fair value losses arising from rising interest rates, investments are limited to at least half of the County's investment portfolio to maturities of less than 12 months. The attempt is made to stagger maturity dates and limit all securities to a final maturity of no more than 3 years. As of June 30, 2021, the County has no investments that exceed a maturity of one year due to the existence of a low interest rate environment. If rates begin to improve, it is anticipated that there will be a more aggressive attempt to diversify the County's assets to achieve the maximum return on investment. Credit Risk. The County has no policy on credit risk. However, investments are limited to the provisions of G.S. 159-30 and restricts the purchase of securities to the highest possible ratings whenever particular types of securities are rated. State law limits investments in commercial paper to the top rating issued by nationally recognized statistical rating organizations (NRSROs). As of June 30, 2021, the County has no investments in commercial paper. The County’s investments in the NC Capital Management Trust Government Portfolio carried a credit rating of AAAm by Standard & Poor’s as of June 30, 2021. The County’s investment in the NC Capital Management Trust Term Portfolio is unrated. The Term Portfolio is authorized to invest in obligations of the US government and agencies, and in high grade money market instruments as permitted under North Carolina General Statutes 159-30 as amended. Custodial Credit Risk. For an investment, custodial credit risk is the risk that in the event of the failure of the counterparty, the County will not be able to recover the value of its investments or collateral securities that are in the possession of an outside party. 151 Person County, North Carolina Notes to the Financial Statements For the Year Ended June 30, 2021 48 3. Property Tax - Use-Value Assessment on Certain Lands In accordance with the general statutes, agriculture, horticulture, and forestland may be taxed by the County at the present- use value as opposed to market value. When the property loses its eligibility for use-value taxation, the property tax is recomputed at market value for the current year and the three preceding fiscal years, along with the accrued interest from the original due date. This tax is immediately due and payable. The following are property taxes that could become due if present use-value eligibility is lost. These amounts have not been recorded in the financial statements. Year Levied Tax Interest Total 2,466,504$ -$ 2,466,504$ 1,913,731 110,040 2,023,771 1,896,805 279,779 2,176,584 1,907,260 452,974 2,360,234 Total 8,184,300$842,793$ 9,027,093$ 2018 2019 2020 2021 4. Receivables Receivables at the government-wide level at June 30, 2021, were as follows: Related Accrued Accounts Interest Total Governmental activities: General Fund 4,859,739$ 617,712$ 5,477,451$ Person industries community rehabilitation program and material recovery facilities fund 223,161 - 223,161 Non-major funds 98,629 - 98,629 Internal service fund 58,885 - 58,885 Total receivables 5,240,414 617,712 5,858,126 Less: allowance for doubtful accounts -169,274 169,274 Total governmental activities 5,240,414$ 448,438$ 5,688,852$ Business-type activities Stormwater 14,778$ -$ 14,778$ Other 152 Person County, North Carolina Notes to the Financial Statements For the Year Ended June 30, 2021 49 5. Capital Assets Primary Government Capital asset activity for the year ended June 30, 2021, was as follows: Beginning Ending Balance Increases Decreases Balance Governmental activities: Capital assets not being depreciated Land 4,187,547$ -$ -$ 4,187,547$ Construction in progress 7,459,250 794,050 3,565,253 4,688,046 Total capital assets not being depreci 11,646,797 794,050 3,565,253 8,875,593 Capital assets being depreciated Buildings 37,754,402 - - 37,754,402 Improvements 19,443,416 1,244,146 57,739 20,629,824 Equipment 17,950,115 850,867 950,668 17,850,315 Infrastructure 12,138,777 3,172,446 - 15,311,223 Total capital assets being depreciated 87,286,710 5,267,459 1,008,407 91,545,764 Less accumulated depreciation for: Buildings 17,099,443 1,624,245 18,723,688 Improvements 8,541,191 798,514 4,812 9,334,893 Equipment 12,550,564 1,239,383 776,843 13,013,104 Infrastructure 11,607,024 149,466 - 11,756,490 Total accumulated depreciation 49,798,222 3,811,608 781,655 52,828,175 Total capital assets being depreciated, net 37,488,488 38,717,589 Governmental activities capital assets, net 49,135,285$ 47,593,182$ Depreciation expense was charged to functions/programs of the primary government as follows: General government 2,639,739$ Public safety 227,837 Transportation 185,955 Human services 27,330 Environmental Protection 29,490 Economic and physical development 1,612 Cultural and recreation 51,842 Education 647,803 Total depreciation expense 3,811,608$ Construction commitments As of June 30, 2021, the County has active contracts for engineering services and construction contracts for projects associated with the Airport, Person County Recycling Center, and various re-roofing projects. Remaining Project Spent-to-date Commitment General fund 13,873$ 64,544$ Airport Construction Projects 370,364 4,465,430 CIP 603,877 38,876 Total 988,115$ 4,568,850$ 153 Person County, North Carolina Notes to the Financial Statements For the Year Ended June 30, 2021 50 Discretely presented component units Activity for the ABC Board for the year ended June 30, 2021, was as follows: Beginning Ending Balance Increases Decreases Balance Capital assets not being depreciated Land 188,764$ -$ 4,188$ 184,576$ Construction in progress - - - - Total capital assets not being depreciated 188,764 - 4,188 184,576 Capital assets being depreciated Buildings 1,099,736 9,840 32,904 1,076,672 Office furniture and fixtures 15,156 - - 15,156 Store equipment 144,524 625 - 145,149 Vehicles 16,582 - - 16,582 Total capital assets being depreciated 1,275,998 10,465 32,904 1,253,559 Less accumulated depreciation for: Buildings 146,369 31,769 24,003 154,135 Office furniture and fixtures 15,156 - - 15,156 Store equipment 111,498 9,376 - 120,874 Vehicles 16,582 - - 16,582 Total accumulated depreciation 289,605 41,145$ 24,003$ 306,747 Total capital assets being depreciated, net 986,393 946,812 ABC capital assets, net 1,175,157$ 1,131,388$ B. Liabilities 1. Payables Payables at the government-wide level at June 30, 2021, were as follows: Vendors Accrued Interest Other Total Governmental Activities General 1,430,647$ 68,717$ 25,314$ 1,524,678$ Person industries community rehabilitation program and material recovery facilities fund 29,145 - - 29,145 Non-major funds 370,287 - - 370,287 Internal service funds 1,256,224 - - 1,256,224 Total governmental activities 3,086,303$ 68,717$ 25,314$ 3,180,334$ Business-type activities Stormwater 376$ -$ -$ 376$ 2. Pension Plan and Other Postemployment Obligations a. Local Governmental Employees' Retirement System Plan Description. The County is a participating employer in the statewide Local Governmental Employees’ Retirement System (LGERS), a cost-sharing multiple-employer defined benefit pension plan administered by the State of North Carolina. LGERS membership is comprised of general employees and local law enforcement officers (LEOs) of participating local governmental entities. Article 3 of G.S. Chapter 128 assigns the authority to 154 Person County, North Carolina Notes to the Financial Statements For the Year Ended June 30, 2021 51 establish and amend benefit provisions to the North Carolina General Assembly. Management of the plan is vested in the LGERS Board of Trustees, which consists of 13 members – nine appointed by the Governor, one appointed by the state Senate, one appointed by the state House of Representatives, and the State Treasurer and State Superintendent, who serve as ex-officio members. The Local Governmental Employees’ Retirement System is included in the Annual Comprehensive Financial Report for the State of North Carolina. The State’s Annual Comprehensive Financial Report includes financial statements and required supplementary information for LGERS. That report may be obtained by writing to the Office of the State Controller, 1410 Mail Service Center, Raleigh, North Carolina 27699-1410, by calling (919) 981-5454, or at www.osc.nc.gov. Benefits Provided. LGERS provides retirement and survivor benefits. Retirement benefits are determined as 1.85% of the member’s average final compensation times the member’s years of creditable service. A member’s average final compensation is calculated as the average of a member’s four highest consecutive years of compensation. Plan members are eligible to retire with full retirement benefits at age 65 with five years of creditable service, at age 60 with 25 years of creditable service, or at any age with 30 years of creditable service. Plan members are eligible to retire with partial retirement benefits at age 50 with 20 years of creditable service or at age 60 with five years of creditable service (age 55 for firefighters). Survivor benefits are available to eligible beneficiaries of members who die while in active service or within 180 days of their last day of service and who have either completed 20 years of creditable service regardless of age (15 years of creditable service for firefighters and rescue squad members who are killed in the line of duty) or have completed five years of service and have reached age 60. Eligible beneficiaries may elect to receive a monthly Survivor’s Alternate Benefit for life or a return of the member’s contributions. The plan does not provide for automatic post-retirement benefit increases. Increases are contingent upon actuarial gains of the plan. LGERS plan members who are LEOs are eligible to retire with full retirement benefits at age 55 with five years of creditable service as an officer, or at any age with 30 years of creditable service. LEO plan members are eligible to retire with partial retirement benefits at age 50 with 15 years of creditable service as an officer. Survivor benefits are available to eligible beneficiaries of LEO members who die while in active service or within 180 days of their last day of service and who also have either completed 20 years of creditable service regardless of age, or have completed 15 years of service as a LEO and have reached age 50, or have completed five years of creditable service as a LEO and have reached age 55, or have completed 15 years of creditable service as a LEO if killed in the line of duty. Eligible beneficiaries may elect to receive a monthly Survivor’s Alternate Benefit for life or a return of the member’s contributions. Contributions. Contribution provisions are established by General Statute 128-30 and may be amended only by the North Carolina General Assembly. County employees are required to contribute 6% of their compensation. Employer contributions are actuarially determined and set annually by the LGERS Board of Trustees. The County’s contractually required contribution rate for the year ended June 30, 2021, was 10.90% of covered payroll for law enforcement officers and 10.15% for general employees and firefighters. These were higher than the actuarially determined contributions rates of 10.22% for law enforcement officers and 8.56% for general employees and firefighters. Contributions to the pension plan from the County were $27,659 for the year ended June 30, 2021. Refunds of Contributions – County employees who have terminated service as a contributing member of LGERS, may file an application for a refund of their contributions. By state law, refunds to members with at least five years of service include 4% interest. State law requires a 60 day waiting period after service termination before the refund may be paid. The acceptance of a refund payment cancels the individual’s right to employer contributions or any other benefit provided by LGERS. 155 Person County, North Carolina Notes to the Financial Statements For the Year Ended June 30, 2021 52 Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions At June 30, 2021, the County reported a liability of $8,677,708 for its proportionate share of the net pension liability. The net pension liability was measured as of June 30, 2020. The total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of December 31, 2019. The total pension liability was then rolled forward to the measurement date of June 30, 2020 utilizing update procedures incorporating the actuarial assumptions. The County’s proportion of the net pension liability was based on a projection of the County’s long-term share of future payroll covered by the pension plan, relative to the projected future payroll covered by the pension plan of all participating LGERS employers, actuarially determined. At June 30, 2021, the County’s proportion was .243%, which was a decrease of .007% from its proportion measured as of June 30, 2020. For the year ended June 30, 2021, the County recognized pension expense of $3,246,134. At June 30, 2021, the County reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: Deferred Deferred Outflows of Inflows of Resources Resources Differences between expected and actual experience 1,095,842$ -$ Changes of assumptions 645,792 - Net difference between projected and actual earnings on pension plan investments 1,221,154 - Changes in proportion and differences between County contributions and proportionate share of contributions - 151,894 County contributions subsequent to the measurement date 1,920,053 - Total 4,882,841$ 151,894$ $1,920,053 reported as deferred outflows of resources related to pensions resulting from County contributions subsequent to the measurement date will be recognized as a decrease of the net pension liability in the year ended June 30, 2022. Other amounts reported as deferred inflows of resources related to pensions will be recognized in pension expense as follows: Year ended June 30: 781,521$ 1,061,560 606,414 361,399 $ 2,810,894 2022 2023 2024 2025 156 Person County, North Carolina Notes to the Financial Statements For the Year Ended June 30, 2021 53 Actuarial Assumptions. The total pension liability in the December 31, 2019 actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement: The plan actuary currently uses mortality rates based on the RP-2014 Total Data Set for Healthy Annuitants Mortality Table that vary by age, gender, employee group (i.e. general, law enforcement officer) and health status (i.e. disabled and healthy). The current mortality rates are based on published tables and based on studies that cover significant portions of the U.S. population. The healthy mortality rates also contain a provision to reflect future mortality improvements. The actuarial assumptions used in the December 31, 2019 valuation were based on the results of an actuarial experience study for the period January 1, 2010 through December 31, 2014. Future ad hoc COLA amounts are not considered to be substantively automatic and are therefore not included in the measurement. The projected long-term investment returns and inflation assumptions are developed through review of current and historical capital markets data, sell-side investment research, consultant whitepapers, and historical performance of investment strategies. Fixed income return projections reflect current yields across the U.S. Treasury yield curve and market expectations of forward yields projected and interpolated for multiple tenors and over multiple year horizons. Global public equity return projections are established through analysis of the equity risk premium and the fixed income return projections. Other asset categories and strategies’ return projections reflect the foregoing and historical data analysis. These projections are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. The target allocation and best estimates of arithmetic real rates of return for each major asset class as of June 30, 2021 are summarized in the following table: Target Long-Term Expected Asset Class Allocation Real Rate of Return Fixed Income 29.0%1.4% Global Equity 42.0%5.3% Real Estate 8.0%4.3% Alternatives 8.0%8.9% Credit 7.0%6.0% Inflation Protection 6.0%4.0% Total 100.0% The information above is based on 30 year expectations developed with the consulting actuary for the 2019 asset, liability and investment policy study for the North Carolina Retirement Systems, including LGERS. The long- term nominal rates of return underlying the real rates of return are arithmetic annualized figures. The real rates of return are calculated from nominal rates by multiplicatively subtracting a long-term inflation assumption of 3.05%. All rates of return and inflation are annualized. Discount rate. The discount rate used to measure the total pension liability was 7.0%. The projection of cash flows used to determine the discount rate assumed that contributions from plan members will be made at the current contribution rate and that contributions from employers will be made at statutorily required rates, actuarially determined. Based on these assumptions, the pension plan’s fiduciary net position was projected to be Inflation 3.0 percent Salary increases 3.5 to 8.10 percent, including inflation and productivity factor Investment rate of return 7.00 percent, net of pension plan investment expense, including inflation 157 Person County, North Carolina Notes to the Financial Statements For the Year Ended June 30, 2021 54 available to make all projected future benefit payments of the current plan members. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability. Sensitivity of the County’s proportionate share of the net pension liability to changes in the discount rate. The following presents the County’s proportionate share of the net pension liability calculated using the discount rate of 7.0 percent, as well as what the County’s proportionate share of the net pension asset or net pension liability would be if it were calculated using a discount rate that is 1-percentage-point lower (6.0 percent) or 1-percentage- point higher (8.0 percent) than the current rate: 1% Decrease Discount Rate 1% Increase 6.00%7.00%8.00% County's proportionate share of the net pension liability (asset)17,606,123$ 8,677,708$ 1,257,566$ Pension plan fiduciary net position. Detailed information about the pension plan’s fiduciary net position is available in the separately issued Annual Comprehensive Financial Report for the State of North Carolina. b. Law Enforcement Officers' Special Separation Allowance 1. Plan Description Person County administers a public employee retirement system (the “Separation Allowance”), a single-employer defined benefit pension plan that provides retirement benefits to the County’s qualified sworn law enforcement officers under the age of 62 who have completed at least 30 years of creditable service or have attained 55 years of age and have completed five or more years of creditable service. The Separation Allowance is equal to .85% of the annual equivalent of the base rate of compensation most recently applicable to the officer for each year of creditable service. The retirement benefits are not subject to any increases in salary or retirement allowances that may be authorized by the General Assembly. Article 12D of NCGS Chapter 143 assigns the authority to establish and amend benefit provisions to the North Carolina General Assembly. All full-time County law enforcement officers are covered by the Separation Allowance. At December 31, 2020, the Separation Allowance’s membership consisted of: Retirees receiving benefits Inactive members currently receiving benefits 3 Active plan members 49 Total 52 2. Summary of Significant Accounting Policies Basis of Accounting – The County has chosen to fund the Separation Allowance on a pay as you go basis. Pension expenditures are made from the General Fund, which is maintained on the modified accrual basis of accounting. Benefits are recognized when due and payable in accordance with the terms of the plan. The Separation Allowance has no assets accumulated in a trust that meets the criteria which are outlined in GASB Statement 73. 158 Person County, North Carolina Notes to the Financial Statements For the Year Ended June 30, 2021 55 3. Actuarial Assumptions The entry age actuarial cost method was used in the December 31, 2019 valuation. The total pension liability was determined using the following actuarial assumptions, applied to all periods included in the measurement: Inflation 1.93 percent Salary increases 3.25 to 7.75 percent, including inflation and productivity factor Discount rate 2.50 percent The discount rate is based on the yield of the S&P Municipal Bond 20 Year High Grade Rate Index as of December 31, 2019. Mortality Rate Deaths After Retirement (Healthy): Mortality rates are based on the RP-2014 Total Data Set for Healthy Annuitants Mortality Table. The RP-2014 annuitant tables have no rates prior to age 50. The RP-2014 Total Data Set Employee Mortality Table is used for ages less than 50. Deaths After Retirement (Disabled): Mortality rates are based on the RP-2014 Total Data Set for Disabled Annuitants Mortality Table. Rates for male members are multiplied by 103% for all ages. Rates for female members are multiplied by 99% for all ages. Deaths Before Retirement: Mortality rates are based on the RP-2014 Total Data Set Employee Mortality Table. Mortality Projection: All mortality rates are projected from 2014 using generational improvement with Scale MP- 2015. 4. Contributions The County is required by Article 12D of G.S. Chapter 143 to provide these retirement benefits and has chosen fund the amounts necessary to cover the benefits earned on a pay as you go basis through appropriations made in the General Fund operating budget. There were no contributions made by employees. The County’s obligation to contribute to this plan is established and may be amended by the North Carolina General Assembly. Administration costs of the Separation Allowance are financed through investment earnings. The County paid $49,062 as benefits came due for the reporting period. Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions At June 30, 2021, the County reported a total pension liability of $2,685,736. The total pension liability was measured as of December 31, 2020 based on a December 31, 2019 actuarial valuation. The total pension liability was rolled forward to December 31, 2020 utilizing update procedures incorporating the actuarial assumptions. For the year ended June 30, 2021, the County recognized pension expense of $1,861,262. At June 30, 2021, the County reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: 159 Person County, North Carolina Notes to the Financial Statements For the Year Ended June 30, 2021 56 Deferred Deferred Outflows of Inflows of Resources Resources Difference between expected and actual experience 169,932$ 13,400$ Changes of assumptions 659,955 34,294 County benefit payments and plan adminstrative expense made subsequent to the measurement date 42,281 - Total 872,168$ 47,694$ $872,168 reported as deferred outflows of resources related to pensions resulting from benefit payments made and administrative expenses incurred subsequent to the measurement date will be recognized as a decrease of the total pension liability in the year ended June 30, 2021. Other amounts reported as deferred inflows of resources related to pensions will be recognized in pension expense as follows: Year ended June 30: 171,597$ 173,285 169,704 172,298 95,309 782,193$ 2023 2026 2025 2024 2022 Sensitivity of the County’s total pension liability to changes in the discount rate. The following presents the County’s total pension liability calculated using the discount rate of -1.93 percent, as well as what the County’s total pension liability would be if it were calculated using a discount rate that is 1-percentage-point lower (-0.93 percent) or 1-percentage-point higher (-2.93 percent) than the current rate: 1% Decrease Discount Rate 1% Increase -0.93% -1.93% -2.93% Total pension liability 2,898,747$ 2,685,736$ 2,489,199$ The plan currently uses mortality tables that vary by age, and health status (i.e. disabled and healthy). The current mortality rates are based on published tables and based on studies that cover significant portions of the U.S. population. The healthy mortality rates also contain a provision to reflect future mortality improvements. The actuarial assumptions used in the December 31, 2019 valuation were based on the results of an experience study completed by the Actuary for the Local Government Employees’ Retirement System for the five year period ending December 31, 2014. c. Supplemental Retirement Income Plan for Law Enforcement Officers and Other Employees Plan Description: The County contributes to the Supplemental Retirement Income Plan (Plan), a defined contribution pension plan administered by the Department of State Treasurer and a Board of Trustees. The Plan provides retirement benefits to law enforcement officers employed by the County. Article 5 of G.S. Chapter 135 assigns the authority to establish and amend benefit provisions to the North Carolina General Assembly. The Supplemental Retirement Income Plan for Law Enforcement Officers is included in the Annual Comprehensive Financial Report for the State of North Carolina. The State’s Annual Comprehensive Financial Report includes the pension trust fund financial statements for the Internal Revenue Code Section 401(k) plan that includes the Supplemental Retirement Income Plan for Law Enforcement 160 Person County, North Carolina Notes to the Financial Statements For the Year Ended June 30, 2021 57 Officers. That report may be obtained by writing to the Office of the State Controller, 1410 Mail Service Center, Raleigh, North Carolina 27699-1410, or by calling (919) 981-5454. Funding Policy: Article 12E of G.S. Chapter 143 requires the County to contribute each month an amount equal to five percent of each officer’s salary, and all amounts contributed are vested immediately. The County has elected to contribute monthly 5 percent of each employee’s salary for permanent full-time employees not engaged in law enforcement, and all amounts contributed are vested immediately. Also, the law enforcement officers and other employees may make voluntary contributions to the plan. The County contributed $900,209 for the reporting year. No amounts were forfeited. d. Registers of Deeds’ Supplemental Pension Fund Plan Description. Person County also contributes to the Registers of Deeds' Supplemental Pension Fund (RODSPF), a noncontributory, defined benefit plan administered by the North Carolina Department of State Treasurer. RODSPF provides supplemental pension benefits to any eligible county register of deeds who is retired under the Local Government Employees' Retirement System (LGERS) or an equivalent locally sponsored plan. Article 3 of G.S. Chapter 161 assigns the authority to establish and amend benefit provisions to the North Carolina General Assembly. Management of the plan is vested in the LGERS Board of Trustees, which consists of 13 members – nine appointed by the Governor, one appointed by the state Senate, one appointed by the state House of Representatives, and the State Treasurer and State Superintendent, who serve as ex-officio members. The Registers of Deeds’ Supplemental Pension Fund is included in the Annual Comprehensive Financial Report for the State of North Carolina. The State’s Annual Comprehensive Financial Report includes financial statements and required supplementary information for the Resisters of Deeds’ Supplemental Pension Fund. That report may be obtained by writing to the Office of the State Controller, 1410 Mail Service Center, Raleigh, North Carolina 27699-1410, by calling (919) 981-5454, or at www.osc.nc.gov. Benefits Provided. An individual’s benefits for the year are calculated as a share of accumulated contributions available for benefits for that year, subject to certain statutory limits. An individual’s eligibility is based on at least 10 years of service as a register of deeds with the individual’s share increasing with years of service. Because of the statutory limits noted above, not all contributions available for benefits are distributed. Contributions. Benefits and administrative expenses are funded by investment income and 1.5% of the receipts collected by each County Commission under Article 1 of Chapter 161 of the North Carolina General Statutes. The statutory contribution currently has no relationship to the actuary’s required contribution. The actuarially determined contribution this year and for the foreseeable future is zero. Registers of Deeds do not contribute. Contribution provisions are established by General Statute 161-50 and may be amended only by the North Carolina General Assembly. Contributions to the pension plan from the County were $4,086 for the year ended June 30, 2021. Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions At June 30, 2021, the County reported an asset of $72,322 for its proportionate share of the net pension asset. The net pension asset was measured as of June 30, 2020. The total pension liability used to calculate the net pension asset was determined by an actuarial valuation as of December 31, 2019. The total pension liability was then rolled forward to the measurement date of June 30, 2020 utilizing update procedures incorporating the actuarial assumptions. The County’s proportion of the net pension asset was based on the County’s share of contributions to the pension plan, relative to contributions to the pension plan of all participating RODSPF employers. At June 30, 2021, the County’s proportion was .316%, which was a increase of .013% from its proportion measured as of June 30, 2020. For the year ended June 30, 2021, the County recognized pension expense of $(603). At June 30, 2021, the County reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: 161 Person County, North Carolina Notes to the Financial Statements For the Year Ended June 30, 2021 58 Deferred Deferred Outflows of Inflows of Resources Resources Differences between expected and actual experience -$ 1,474$ Net difference between projected and actual earnings on pension plan investments - 6,188 Changes in proportion and differences between County contributions and proportionate share of contributions 4,546 1,619 County contributions subsequent to the measurement date 4,086 - Total 8,632$ 9,281$ $4,086 reported as deferred outflows of resources related to pensions resulting from County contributions subsequent to the measurement date will be recognized as an increase of the net pension asset in the year ended June 30, 2022. Other amounts reported as deferred outflows of resources related to pensions will be recognized in pension expense as follows: Year ended June 30: 389$ (772) (2,793) (1,559) (4,735)$ 2022 2023 2024 2025 Actuarial Assumptions. The total pension liability in the December 31, 2019 actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement: The plan currently uses mortality tables that vary by age, gender, employee group (i.e. general, law enforcement officer) and health status (i.e. disabled and healthy). The current mortality rates are based on published tables and based on studies that cover significant portions of the U.S. population. The healthy mortality rates also contain a provision to reflect future mortality improvements. The actuarial assumptions used in the December 31, 2019 valuation were based on the results of an actuarial experience study for the period January 1, 2010 through December 31, 2014. Future ad hoc COLA amounts are not considered to be substantively automatic and are therefore not included in the measurement. The projected long-term investment returns and inflation assumptions are developed through review of current and historical capital markets data, sell-side investment research, consultant whitepapers, and historical performance of investment strategies. Fixed income return projections reflect current yields across the U.S. Treasury yield curve and market expectations of forward yields projected and interpolated for multiple tenors and over multiple year horizons. These projections are combined to produce the long-term expected rate of return by weighting the Inflation 3.0 percent Salary increases 3.5 to 8.10 percent, including inflation and productivity factor Investment rate of return 7.00 percent, net of pension plan investment expense, including inflation 162 Person County, North Carolina Notes to the Financial Statements For the Year Ended June 30, 2021 59 expected future real rates of return by the target asset allocation percentage and by adding expected inflation. The adopted asset allocation policy for the RODSPF is 100% in the fixed income asset class. The best estimate of arithmetic real rate of return for the fixed income asset class as of June 30, 2021 is 1.4%. The information above is based on 30 year expectations developed with the consulting actuary for the 2021 asset liability and investment policy study for the North Carolina Retirement Systems, including LGERS. The long- term nominal rates of return underlying the real rates of return are arithmetic annualized figures. The real rates of return are calculated from nominal rates by multiplicatively subtracting a long-term inflation assumption of 3.00%. All rates of return and inflation are annualized. Discount rate. The discount rate used to measure the total pension liability was 3.26%. The projection of cash flows used to determine the discount rate assumed that contributions from employers will be made at statutorily required rates. Based on these assumptions, the pension plan’s fiduciary net position was projected to be available to make all projected future benefit payments of the current plan members. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability. Sensitivity of the County’s proportionate share of the net pension asset to changes in the discount rate. The following presents the County’s proportionate share of the net pension asset calculated using the discount rate of 3.26 percent, as well as what the County’s proportionate share of the net pension asset would be if it were calculated using a discount rate that is 1-percentage-point lower (2.26 percent) or 1-percentage-point higher (4.26 percent) than the current rate: 1% Decrease Discount Rate 1% Increase 2.26%3.26%4.26% County's proportionate share of the net pension liability (asset)(61,429)$ (72,322)$ (81,540)$ Pension plan fiduciary net position. Detailed information about the pension plan’s fiduciary net position is available in the separately issued Annual Comprehensive Financial Report for the State of North Carolina. e. Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions The net pension liability for LGERS and ROD was measured as of June 30, 2020, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of that date. The total pension liability for LEOSSA was measured as of December 31, 2020 with an actuarial valuation date of December 31, 2019. The County’s proportion of the net pension liability was based on the County’s share of contributions to the pension plan relative to the contribution of all participating entities. Following is information related to the proportionate share and pension expense: At June 30, 2021, the County reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: 163 Person County, North Carolina Notes to the Financial Statements For the Year Ended June 30, 2021 60 LGERS ROD LEOSSA Total Proportionate Share of Net Pension Liability (Asset)8,677,708$             (717,239)$       n/a 7,960,469$              Proportion of the Net Pension Liability (Asset)0.243% 3.130% n/a Total Pension Liability ‐                                ‐                        2,685,736     2,685,736                 Pension Expense 3,246,134                (7,082)              1,861,262     5,100,314                 LGERS ROD LEOSSA Total Deferred Outflows of Resources Differences between expected and actual  experience 1,095,842$             ‐$                      169,932$      1,265,774$              Changes of assumptions 645,792                   ‐                        659,955         1,305,747                 Net difference between projected and actual  earnings on pension plan investments 1,221,154                ‐                        ‐                      1,221,154                 Changes in proportion and differences between  County contributions and proportionate share of  contributions ‐                            4,546               ‐                      4,546                        County contributions (LGERS,ROD)/benefit  payments and administration costs (LEOSSA)  subsequent to the measurement date 1,920,053                4,086               42,281           1,966,420                 Total Deferred Outflows 4,882,841$             8,632$             872,168$      5,763,641$              Deferred Inflows of Resources Differences between expected and actual  experience ‐$                              1,474$             13,400$         14,874$                    Changes of assumptions ‐                                 ‐                        34,294           34,294                      Net difference between projected and actual  earnings on pension plan investments ‐                                6,188                ‐                      6,188                        Changes in proportion and differences between  County contributions and proportionate share of  contributions 151,894                   1,619                ‐                      153,513                    Total Deferred Inflows 151,894$                 9,281$             47,694$         208,869$                  f. Other Postemployment Benefits Under the terms of a County resolution, the County administers the Healthcare Benefits Plan (the HCB Plan), a single- employer defined benefit plan that is used to provide postemployment benefits other than pensions (OPEB) to retirees of the County, provided they participate in the North Carolina Local Governmental Employees' Retirement System (System) and have at least twenty years of creditable service with the County. Retirees hired prior to July 1, 2007 receive the same benefits as active employees. The HCB Plan is available to qualified retirees until the age of 65 or until Medicare eligible, whichever is sooner. As of July 1, 2007, the plan has been closed to new entrants. The plan, which has a June 30, 2021 year end, does not issue a stand-alone report. The County provides a portion of the total cost for individual coverage for retirees based on the guidelines below: Years of Service at Retirement County Contribution 30 or more 100% 25 but less than 30 75% 20 but less than 25 50% 164 Person County, North Carolina Notes to the Financial Statements For the Year Ended June 30, 2021 61 Less than 20 Not eligible The Board of Commissioners may amend the benefit provisions. A separate report was not issued for the plan. Membership under this current plan consisted of the following at December 31, 2020, the date of the latest actuarial valuation: Inactive members currently receiving benefits 31 Active plan members 376 Total 407 Benefits Provided: The County pays the full cost of coverage for the healthcare benefits paid to qualified retirees under a County resolution that can be amended by the County Board of Commissioners. The County doesn’t offer the option for dependent coverage. The County has chosen to fund the healthcare benefits on a pay as you go basis. Total OPEB Liability The County’s total OPEB liability of $9,588,416 was measured as of June 30, 2020 and was determined by an actuarial valuation as of that date. Actuarial assumptions and other inputs. The total OPEB liability in the June 30, 2019 actuarial valuation was determined using the following actuarial assumptions and other inputs, applied to all periods included in the measurement unless otherwise specified: Inflation 2.50% Real wage growth 1.00% Wage inflation 3.50% Salary increases 3.5-7.75% Municipal bond index Prior measurement date 3.50% Measurement date 2.21% Health care cost trends 7.00% for 2019 decreasing to 4.50% by 2026 The discount rate is based on the yield of the S&P Municipal Bond 20 Year High Grade Rate Index as of the measurement date. Changes in the Total OPEB Liability Balance and July 1, 2020 8,045,875$ Service cost 384,074 Interest 286,912 Differences between expected and actual experience 121,084 Changes of assumptions 1,219,426 Benefit payments (468,955) Net change in total OPEB liability 1,542,541 Balance and June 30, 2021 9,588,416$ Mortality rates were based on the RP-2014 Total Data Set for Healthy Annuitants Mortality Table. The actuarial assumptions used in the June 30, 2020 valuation were based on the results of an actuarial experience study for the period January 2010 through December 2014. 165 Person County, North Carolina Notes to the Financial Statements For the Year Ended June 30, 2021 62 Discount rate. The discount rate used to measure the total OPEB liability at June 30, 2021 was 2.21 percent which was a change from the discount rate of 3.50 percent at June 30, 2020. However, because the OPEB plan’s fiduciary net position was not projected to be sufficient to make all future benefit payments, the discount rate incorporates a municipal bond rate which was 2.21 percent at June 30, 2021 per the S&P Municipal Bond 20 Year High Grade Rate Index. As of June 30, 2020, the S&P Municipal Bond 20 Year High Grade rate was 2.79 percent. Sensitivity of the total OPEB liability to changes in the discount rate. The following presents the total OPEB liability of the County, as well as what the County’s total OPEB liability would be if it were calculated using a discount rate that is 1-percentage-point lower (1.21 percent) or 1-percentage-point higher (3.21 percent) than the current discount rate: 1% Decrease Discount Rate 1% Increase 1.21% 2.21% 3.21% Total OPEB liability 10,660,178$ 9,588,416$ 8,627,856$ Sensitivity of the total OPEB liability to changes in the healthcare cost trend rates. The following presents the total OPEB liability of the County, as well as what the County’s total OPEB liability would be if it were calculated using healthcare cost trend rates that are 1-percentage-point lower or 1-percentage-point higher than the current healthcare cost trend rates: Healthcare 1% Decrease Cost Trend 1% Increase Total OPEB liability 8,287,917$ 9,588,416$ 11,155,503$ OPEB Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB For the year ended June 30, 2021, the County recognized OPEB expense of $4,489,176. At June 30, 2021, the County reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources: Deferred Deferred Outflows of Inflows of Resources Resources Difference between expected and actual experience 464,349$ -$ Changes of assumptions 1,171,888 342,913 County benefit payments and plan adminstrative expense made subsequent to the measurement date 3,805,916 - Total 5,442,153$ 342,913$ $3,805,916 reported as deferred outflows of resources related to pensions resulting from benefit payments made and administrative expenses incurred subsequent to the measurement date will be recognized as a decrease of the total pension liability in the year ended June 30, 2021. Other amounts reported as deferred inflows of resources related to pensions will be recognized in pension expense as follows: 166 Person County, North Carolina Notes to the Financial Statements For the Year Ended June 30, 2021 63 Year ended June 30: 151,910$ 151,910 151,910 190,047 217,990 Thereafter 429,557 1,293,324$ 2026 2022 2023 2024 2025 g. Other Employment Benefits Under the terms of a County resolution, the County has elected to provide death benefits to employees through the Death Benefit Plan for members of the LGERS (Death Benefit Plan), a multiple-employer, State administered, cost-sharing plan funded on a one-year term cost basis. The beneficiaries of those employees who die in active service after one year of contributing membership in the retirement system or who die within 180 days after retirement or termination of service and have at least one year of contributing membership service in the system at the time of death are eligible for death benefits. Lump sum benefit payments to beneficiaries are equal to the employee's 12 highest month’s salary in a row during the 24 months prior to employee’s death, but the benefit will be a minimum of $25,000 and will not exceed $50,000. Because all death benefit payments are made from the Death Benefit Plan and not by the County, the County does not determine the number of eligible participants. The County has no liability beyond the payment of monthly contributions. Person County ABC Board The ABC Board has elected to provide death benefits to employees through the Death Benefit Plan for Members of the LGERS (Death Benefit Plan), a multiple employer, State administered, cost-sharing plan funded on a one year-term basis. The beneficiaries of those employees who die in active service after one year of contributing membership in the System, or who die 180 days after retirement or termination of service and have at least one year of contributing membership service in the System at the time of death are eligible for death benefits. Lump sum death benefit payments to beneficiaries are equal to the employee’s 12 highest month’s salary in a row during the 24 months prior to the employee’s death, but may not exceed $50,000 or less than $25,000. All death benefit payments are made from the Death Benefit Plan. The Board has no liability beyond the payment of monthly contributions. The contributions to the Death Benefit Plan cannot be separated between employment benefit amount and the other benefit amount. The Board considers these contributions to be immaterial. 167 Person County, North Carolina Notes to the Financial Statements For the Year Ended June 30, 2021 64 3. Closure and Postclosure Care Costs – Person County Sanitary Landfill On April 9, 1994, the Person County Sanitary Landfill ceased to accept municipal solid waste (MSW) for burial, began transferring to facilities outside the county and currently, contracts with a private company to accept its MSW for burial at a site within the County. State and federal laws and regulations require the County to place a final cover on the landfill when it stops accepting MSW and to perform certain maintenance and monitoring functions at the site after closure. In 1994 the County accrued $255,500 estimated for closure and postclosure care costs. The County incurred $19,294 in post-closure care costs for the year ending June 30, 2021. The $51,704 reported as Accrued Post-closure Care Costs represents the estimated costs remaining at June 30, 2021. Actual costs may be higher due to inflation, changes in technology, or changes in regulations. This liability was transferred from the Enterprise Fund to the General Fund on June 30, 1998. The County has met the requirements of a local government financial test that is one option under state and federal laws and regulations that help determine if a unit is financially able to meet closure and postclosure care requirements. The estimated costs are expected to be covered by future tax revenues. 4. Deferred Outflows and Inflows of Resources The County has several sources of deferred outflows of resources. Deferred outflows of resources is comprised of the following: Amount Contributions to pension plan subsequent to measurement date 1,924,139$ Benefit payments and administrative expenses for LEOSSA made subsequent to measurement date 42,281 Benefit payments and administrative expenses for OPEB made subsequent to measurement date 3,805,916 Differences between expected and actual experience 1,730,123 Changes of assumptions 2,477,635 Net difference between projected and actual earnings on pension plan investments 1,221,154 Changes in proportion and differences between employer contributions 4,546 Total 11,205,794$ Source Deferred inflows of resources at year-end is comprised of the following: Statement of Net Position Balance Sheet Prepaid taxes (General Fund)144,008$ 144,008$ Taxes Receivable, less penalties (General Fund)- 448,438 Notes receivable (Person Industries)- 26,924 Changes in assumptions 377,207 - Net difference between projected and actual earnings on pension plan investments 6,188 - Differences between expected and actual experience 14,874 - Changes in proportion and differences between employer contributions and proportionate share of contributions 153,513 - Total 695,790$ 619,370$ 168 Person County, North Carolina Notes to the Financial Statements For the Year Ended June 30, 2021 65 5. Risk Management The County is exposed to various risks of losses related to torts; theft of, damage to, and destruction of assets; errors and omissions; injuries to employees; and natural disasters. The County participates in two self-funded risk-financing pools administered by the North Carolina Association of County Commissioners Joint Risk Management Agency. Through these pools, the County obtains property coverage equal to replacement cost values of owned property subject to total insured values, with sub-limits on coverage for specified perils; general, auto, professional, employment practices, and law enforcement liability coverage of $2 million per occurrence; auto physical damage coverage for owned autos at actual cash value; crime coverage of $250,000 per occurrence; and workers' compensation coverage up to the statutory limits. All property coverage and some liability coverage are subject to per occurrence deductibles, as selected by the County. The pools are audited annually by certified public accountants, and the audited financial statements are available to the County upon request. Both of the pools are reinsured through a multi-state public entity captive for single occurrence losses in excess of $500,000, up to a $2 million limit for liability coverage, and single occurrence losses in excess of $750,000 for workers’ compensation. Through the captive, the Liability and Property Pool is reinsured for $2,000,000 of annual aggregate losses in excess of $250,000 per occurrence for property, auto physical damage and crime coverage, with additional limits of $498 million purchased through a group of commercial carriers through the multi-state public entity captive. In accordance with G.S 159-29, the County's employees that have access to $100 or more at any given time of the County's funds are performance bonded through commercial crime coverage with a $250,000 occurrence limit. Individuals holding positions requiring statutory bonds are covered elsewhere. The County carries commercial coverage for all other risks of loss. There have been no significant reductions in insurance coverage from the previous year and settled claims have not exceeded coverage in any of the past three fiscal years. Person County ABC Board are exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; injuries to employees; and natural disasters. The Board has property, general liability, auto liability, workers' compensation, and employee health coverage. The Board also has liquor legal liability coverage. There have been no significant reductions in insurance coverage from the prior year and settled claims have not exceeded coverage in any of the past three fiscal years. Person County Tourism Development Authority is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; injuries to employees; and natural disasters. The Authority has made the decision to not purchase flood insurance at this time. The Authority has not deemed the risk of flooding to outweigh the costs of insurance. The Authority is covered under a commercial insurance coverage carrier. There was no significant reduction in insurance coverage in the prior year and settled claims have not exceeded coverage since inception. The Authority carries a $50,000 fidelity bond on the ex-officio Finance Officer. The actions of the ex-officio Finance Director concerning actions involving the Person County Tourism Development Authority are covered under this bond. 6. Contingent Liabilities At June 30, 2021, the County was a defendant to various lawsuits. In the opinion of the County's management and the County attorney, the ultimate effect of these legal matters will not have a material adverse effect on the County's financial position. 7. Long-Term Obligations a. Operating Leases The County leases certain offices, land, and buildings. Generally, these leases carry renewal provisions. Rent expense for operating leases was $1,424,833 for the year ended June 30, 2021. 169 Person County, North Carolina Notes to the Financial Statements For the Year Ended June 30, 2021 66 The following is a schedule of future minimum lease payments required under these agreements as of June 30, 2021: Future Minimum Lease Year Ending June 30 Payments 2022 1,434,155 2023 1,434,155 2024 1,352,924 2025 1,238,107 2026-2030 102,682 Total 5,562,023$ Determining whether to lease or buy a facility is at the Commissioners discretion as to which one would be the better future investment. Many factors can influence this decision such as eligible reimbursement costs by the State when leasing a building, maintenance, utility, and other impact costs if buying, advantages/disadvantages of location, and weighing these various items against an adjustable lease payment in the future. Each case would have to be weighed in possibly different ways since each situation is unique depending on the intended use of the building. b. Capital Leases The County has entered into agreements to lease certain equipment. The lease agreements qualify as capital leases for accounting purposes and, therefore, have been recorded at the present value of the future minimum lease payments as of the date of their inception. A master lease agreement was entered into on July 2, 2015 for E-911 equipment. The first set of equipment was received September 9, 2015 and requires quarterly payments of $36,873 for five years. A second set of equipment was received January 9, 2016 and requires quarterly payments of $26,483 for five years. In August 2018, the County entered into a five year lease for three Ambulances. Title of the ambulances passes over the County at the end of the term. Five equal payments of $155,217. At June 30, 2021, the County leased equipment valued at: Accumulated Net Book Classes of Property Cost Depreciation Value Equipment 1,901,729$ 1,264,672$ 637,057$ For Person County, the future minimum lease obligations and the net present value of these minimum lease payments as of June 30, 2021 were as follows: Year Ending June 30 155,217 156,769 Total minimum lease payments 311,986 Less: amount representing interest 1,551 Total 310,435$ 2022 2023 170 Person County, North Carolina Notes to the Financial Statements For the Year Ended June 30, 2021 67 c. Installment Purchases Southern Middle School and Person High School Re-roofing Capital Project Fund 1,357,432$ Person County Recycling Center & Various Roofing Improvements Capital Projects Fund 1,200,000 Roxplex and Various Improvements Fund 1,024,000 Public Safety Towers & Broadband Fund 3,700,000 Total installment purchases remaining balance 7,281,432$ On September 20, 2012, the County entered into an installment purchase contract with BB&T to finance the engineering and construction costs associated with the re- roofing of Southern Middle School and Person High School facilities (Collaterallized by Southern Middle School). The financing contract requires a 15 year term with semi-annual payments ranging from $106,470 to $163,920 beginning on February 1, 2013 and ending on August 1, 2027 including a taxable interest rate at 3.93%. Upon default all outstanding principal and accrued interest becomes due or Deed of Trust trustee shall foreclose on the mortgaged property. On November 6, 2014, the County entered into an installment purchase contract with BB&T to finance a portion of the cost of acquisition land improvement of the Person County Recycling Center, the re-roofing of the Earl Bradsher Preschool, and the re- Roofing of the Kirby Civic Auditorium (Collaterallized by Earl Bradsher Preschool). The financing contract requires a 29 year term with semi-annual payments ranging from $50,700 to $231,640 beginning on June 1, 2015 and ending on June 1, 2029 including a taxable interest rate at 2.80%. Upon default all outstanding principal and accrued interest becomes due or Deed of Trust trustee shall foreclose on the mortgaged property. On February 11, 2016, the County entered into an installment purchase contract with BB&T to finance a portion of the cost of acquisition and improvement of land and facilities of the recreational facilities known as the Roxplex Property; the re-roofing of the South Elementary School, Woodland Elementary School and Oak Lane Elementary School; the replacement of windows at North End Elementary School; the replacement of the chiller equipment at Southern Middle School, and the re- Roofing of the Huck Sansbury Recreation Complex (Collaterallized by North End Elementary School). The financing contract requires a 29 year term with semi-annual payments ranging from $50,000 to $147,500 beginning on September 1, 2016 and ending on March 1, 2026 including a taxable interest rate at 2.22%. Upon default all outstanding principal and accrued interest becomes due or Deed of Trust trustee shall foreclose on the mortgaged property. On May 10, 2018, the County entered into an installment purchase contract with BB&T to finance a portion of the improvement of real and personal property at Northern Middle School, Early Intervention & Family Services, Helena Elementary School, Stories Creek Elementary School and South Elementary School (Collaterallized by Northern Middle School). The financing contract requires a 15 year term with semi-annual payments ranging from $50,878 to $271,955 beginning on November 1, 2018 and ending on May 1, 2033 including a taxable interest rate at 3.51%. Upon default all outstanding principal and accrued interest becomes due or Deed of Trust trustee shall foreclose on the mortgaged property. 171 Person County, North Carolina Notes to the Financial Statements For the Year Ended June 30, 2021 68 Future minimum payments for Installment Purchases: Principal Interest 2022 1,262,836 229,778 2023 1,103,836 191,865 958,836 158,419 858,836 128,376 2026 - 2030 2,697,088 286,254 2031 - 2034 400,000 21,060 Total 7,281,432$ 1,015,752$ 2025 2024 e. General Obligation Bonds All general obligation bonds serviced by the County's general fund are collateralized by the full faith, credit, and taxing power of the County. In the case of default the county would be required to levy additional Ad Valorem Taxes as necessary to pay principal and interest payments when they became due. Principal and interest payments are appropriated when due. As of June 30, 2021, the County’s general obligation bonds consist of the following: 1,675,668$ $2,285,000 2017 Recreation Facilities Bonds due on September 1 and March 1 in 15 installments of $152,333 through March 1, 2032; interest at 2.59%. Future minimum payments for General Obligation Bonds: Principal Interest 2022 152,333 43,400 2023 152,333 39,454 152,333 35,509 152,333 31,563 2026 - 2030 761,665 98,636 2031 - 2034 304,671 11,837 Total 1,675,668$ 260,399$ 2025 2024 At June 30, 2021, Person County had a legal debt margin of $378,421,000. f. Debt Related to Capital Activities The County holds title to certain County Board of Education properties that have been included in capital assets. The properties have been deeded to the County to permit installment purchase financing of acquisition and construction costs and to permit the County to receive refunds of sales tax paid for construction costs. Agreements between the County and the Board of Education give the Board of Education full use of the facilities, full responsibility for maintenance of the facilities, and provide that the County will convey title to the property back to the Board of Education, once all restrictions of the financing agreements and all sales tax reimbursement requirements have been met. Of the total Governmental Activities debt $3,773,355 relates to County Board of Education properties to which the County holds title. Restricted cash related to this debt amounts to $185,750, and is recorded in various non-major capital project funds. 172 Person County, North Carolina Notes to the Financial Statements For the Year Ended June 30, 2021 69 g. Long-Term Obligation Activity The following is a summary of changes in the County’s long-term obligations for the fiscal year ended June 30, 2021: Beginning Ending Current Portion Balance Increases Decreases Balance of Balance Governmental activities: General obligation bonds (direct borrowings) 1,828,001$ -$ 152,333$ 1,675,668$ 152,333$ Installment purchases (direct borrowings)8,720,268 - 1,438,836 7,281,432 1,262,836 Capital leases 491,771 - 181,336 310,435 155,217 Accrued post-closure care costs 64,163 - 12,459 51,704 - Compensated absences 1,134,676 1,979,007 1,843,630 1,270,053 317,513 Net pension liability (LGERS)6,538,373 2,139,335 - 8,677,708 - Total pension liability (LEOSSA)1,734,475 951,261 - 2,685,736 - Other postemployment benefits 8,045,875 1,542,541 - 9,588,416 - 28,557,602$ 6,612,144$ 3,628,594$ 31,541,152$ 1,887,899$ Accrued post-closure care costs, net pension liability, total pension liability, other postemployment benefits liability and compensated absences for governmental activities typically have been liquidated in the general fund. Compensated absences are accounted for on a LIFO basis, assuming that employees are taking leave time as it is earned. 8.Interfund Balances and Activity Transfers to/from other fund at June 30, 2021, consist of the following: From the General Fund to the Person Industries Community Rehabilitation and Recovery Facility Fund to provide resources and payments of ongoing program activities and material recovery facility equipment and operations 595,193$ From the General Fund to Non-major Funds to supplement other funding sources and various capital projects 6,762,965 From the General Fund to Internal Service Fund in support of elevated health claims in the Self-Funded Insurance Fund.1,418,206 Total 8,776,364$ Transfers are used to move unrestricted revenues to finance various programs that the government must account for in other funds in accordance with budgetary authorizations, including amounts provided matching funds for various grant programs. Balances due to/from other funds at June 30, 2021, consist of the following: Due from the Person Industries Community Rehabilitation and Recovery Facility Fund to the General Fund for expenditures and capital equipment debt associated with the startup of the Material Recovery Facility operated by Person Industries 479,244$ Total governmental activities 479,244$ Interfund balances result mainly from the time lag between the dates that (1) interfund goods and services are provided or reimbursable expenditures occur, (2) transactions are recorded in the accounting system, and (3) payments between funds are made. 173 Person County, North Carolina Notes to the Financial Statements For the Year Ended June 30, 2021 70 9. Net Investment in Capital Assets The following schedule provides information on the calculation of the net investment in capital assets: Net capital assets 47,593,182$ Capital debt calculation: Total debt, gross 9,267,535 Less: School debt for assets to which the County does not hold title 262,503 Community college debt for assets to which the County does not hold title 9,354 Unexpended proceeds 81,695 Total capital debt 8,913,983 Net investment in capital assets 38,679,199$ 10. Fund Balance Person County has a revenue spending policy that provides a policy for programs with multiple revenue sources. The Finance Officer will use resources in the following hierarchy: bond proceeds, federal funds, State funds, local non-county funds, city funds. For purposes of fund balance classification expenditures are to be spent from restricted fund balance first, followed in order by committed fund balance, assigned fund balance and lastly unassigned fund balance. The Finance Officer has the authority to deviate from this policy if it is in the best interest of the County. As mentioned earlier in Note I.D.11., Person County also has within their adopted resolution for the County Capital Reserve Fund a section on the Board's intent to maintain a minimum fund balance target for the General Fund so that available fund balance is at least equal to or greater than 18% of expenditures. Any portion of the General Fund balance in excess of 21% of expenditures may be appropriated for one-time expenditures and may not be used for any purpose that would obligate the County in a future budget. The following schedule provides management and citizens with information on the portion of General fund balance that is available for appropriation: Total fund balance - General Fund 30,981,684$ Less: Prepaids 126,044 Stabilization by State Statute 6,968,218 Appropriated fund balance in budget 965,506 Register of Deeds 31,460 Public Safety 180,273 Tax Reappraisal 637,518 LEOSSA Pension 345,801 Remaining Fund Balance 21,726,864$ The outstanding encumbrances are amounts needed to pay any commitments related to purchase orders and contracts that remain unperformed at year-end. General 1,629,235$ Person Industries 6,314 Non-major funds 286,752 III. Joint Ventures The County, in conjunction with the State of North Carolina, the Person County Board of Education, and Caswell County participates in a joint venture to operate Piedmont Community College (PCC). Of the fifteen-member board of trustees for 174 Person County, North Carolina Notes to the Financial Statements For the Year Ended June 30, 2021 71 the community college, the Person County Board of Commissioners and Board of Education appoint four members each, Caswell County Board of Commissioners appoints two members, and the North Carolina Governor appoints three members. A member from PCC’s student government association also serves in a non-voting, ex officio capacity for the board of trustees. The community college is included as a component unit of the state. The County has the basic responsibility for providing funding for the facilities of the community college and also provides some financial support for the community college's operations. In addition to providing annual appropriations for facilities, the County has the authority to issue general obligation bonds to provide financing for new and restructured facilities. The County contributed $1,297,176 to the community college for operating purposes during the fiscal year ended June 30, 2021. The participating governments do not have any equity interest in the joint venture; therefore, no equity interest has been reflected in the County's financial statements at June 30, 2021. Complete financial statements for the community college may be obtained from the community college's administrative offices at 1715 College Drive, Roxboro, NC 27573. On April 1, 2012 the NC Division of Health and Human Services (DHHS) transferred management of all Medicaid and state funding for Mental Health, Intellectual/Developmental Disabilities, and Substance Abuse from Orange-Person- Chatham (OPC) Local Management Entity to Cardinal Innovations Health Care Solutions, a Managed Care Organization. Person County, in conjunction with Orange and Chatham Counties, contributes to Cardinal Innovations for Mental Health, Intellectual/Developmental Disabilities and Substance Abuse services to individuals in the Orange-Person-Chatham catchment area. Each County appoints one Commissioner to the Authority's sixteen‐member Board. The remaining thirteen members are selected by the three appointed Commissioners. Person County appropriated $135,283 to Cardinal Innovations for the year ended June 30, 2021. None of the participating governments have any equity interest in the Authority, so no equity interest has been reflected in the financial statements at June 30, 2021. Complete financial statements for the Authority can be obtained from the Authority's offices at 201 Sage Rd., Suite 100A, Chapel Hill, NC 27514. IV. Jointly Governed Organization The County, in conjunction with four other counties and sixteen municipalities, established the Kerr-Tar Regional Council of Governments (KTRCOG). The participating governments established the KTRCOG to coordinate joint planning and joint ventures. Each county appoints three members to the Council's thirty-three-member (includes two at-large members to meet EDA private sector requirement) governing board. The County paid membership fees of $19,905 to the KTRCOG during the fiscal year ended June 30, 2021. The County was the subrecipient of grants for $417,804 from the U.S. Department of Health and Human Services and the Division of Aging of the North Carolina Department of Human Resources and which were passed through the KTRCOG. Person County provides support in the form of appropriations and pass-through grants from the State of North Carolina and the KTRCOG to the Person County Senior Center (PCSC), which is currently operated by Kerr-Tar whose intention it is of creating a non-profit for use by the counties within the region. The Senior Center provides services to senior citizens in Person County. The PCSC also receives support from the United Way, donations from the general public and program service fees. Its location is in a County-owned facility at 87 Semora Road, NC 27573. The Person County Business and Industrial Center, Inc. (PCBIC) is a nonprofit organization created to promote business and industrial development in Person County. The governing board of the organization consists of the members of the board of directors of the Person County Economic Development Commission. There were no expenditures in the year ended June 30, 2021 due to the County having a full-time Economic Development Director on staff. The Person Caswell Lake Authority regulates activities concerning Lake Hyco. This organization is governed by a Board of Directors appointed by Person and Caswell County Commissioners. Person County appoints three members and Caswell County appoints two members for a total five-member governing board. The Lake Authority is self-supporting and receives no funds from Person County. The County is not financially responsible for the Person Caswell Lake Authority and has no authority to approve the budget. Person County partnered with the City of Roxboro in Feb. 2020 to hire a consultant to draft a Joint Comprehensive Land Use Plan. The existing plan for both the County and City was adopted in 2001 and needed to be updated. NCGS 160D requires a comprehensive plan to be adopted if a jurisdiction is going to have local zoning regulations. A consultant (Benchmark Planning) was selected in late 2019 to update the plan by the City Council and the Board of County Commissioners. The fee for the consultant was $170,000, with the County’s commitment to be 67.6% ($114,920) and the 175 Person County, North Carolina Notes to the Financial Statements For the Year Ended June 30, 2021 72 City’s to be 32.4% ($55,080). The County received monthly invoices from the consultant and those invoices included the City’s portion along with the County’s portion. The County paid the invoice in its entirety once it received payment from the City. A Comprehensive Plan Steering Committee was appointed, which was comprised of five appointed individuals from the County’s jurisdiction and five from the City’s jurisdiction. There were nine steering committee meetings throughout the process of drafting and finalizing the plan. The County Planning Director, County Planner and City Planning Director managed the project from the beginning and it is now in the process of being formally adopted by both jurisdictions. It is anticipated that the new Comprehensive Land Use Plan will be adopted by both the City and County in November 2021. V. Summary Disclosure of Significant Commitments and Contingencies Federal and State Assisted Programs The County has received proceeds from several federal and state grants. Periodic audits of these grants are required and certain costs may be questioned as not being appropriate expenditures under the grant agreements. Such audits could result in the refund of grant moneys to the grantor agencies. Management believes that any required refunds will be immaterial. No provision has been made in the accompanying financial statements for the refund of grant moneys. VI. Change in Accounting Principle The County implemented Governmental Accounting Standards Board (GASB) Statement No. 84, Fiduciary Activities, effective July 1, 2020. The statement establishes criteria for identifying fiduciary activities of all state and local governments and provides guidance on how to report fiduciary activities within the financial statements. The focus of the criteria generally is on (1) whether a government is controlling the assets of the fiduciary activity and (2) the beneficiaries with whom a fiduciary relationship exists. Separate criteria are included to identify fiduciary component units and postemployment benefit arrangements that are fiduciary activities. The statement also describes four fiduciary funds that should be reported if criteria outlined in the statement are met: (1) pension (and other employee benefit) trust funds, (2) investment trust funds, (3) private-purpose trust funds, and (4) custodial funds. The use of agency funds was eliminated. The statement also provides for recognition of a liability to the beneficiaries in a fiduciary fund when an event has occurred that compels the government to disburse fiduciary resources. As part of implementing the statement, the County performed a comprehensive review of its fiduciary relationships and applied the criteria within the guidance. As a result, fund balance and net position were restated as of the beginning of the fiscal year as follows: Governmental  Activities Net  Position ‐ Increase  (Decrease) Nonmajor Special  Revenue Fund  Balance ‐ Increase  (Decrease)  $                     (267) $                          ‐    30,873 30,873 115,533                  115,533                  146,139$               146,406$                Explanation The Sherriff's Execution Fund was reclassified from a Agency Fund to a  Special Revenue Fund. TheSocial Services Representative Payee Fund was reclassified from a  Agency Fund to a Special Revenue Fund. A fund that ceased operations in FY19 remained open in FY20,  resulting in a restatement of net position for FY20. VII. Subsequent Events The County has evaluated events and transactions that occurred between June 30, 2021 and October 29, 2021, which is the date the financial statements were available to be issued. 176 This section contains additional information required by generally accepted accounting principles:  Other Postemployment Benefits Schedule of Changes in Total OPEB Liability and Related Ratios (OPEB)  Schedule of County’s Proportionate Share of Net Pension Liability (Asset) (LGERS)  Schedule of County Contributions (LGERS)  Schedule of County’s Proportionate Share of Net Pension Liability (Asset) (ROD)  Schedule of County’s Contributions (ROD)  Schedule of Changes in Total Pension Liability (LEOSSA)  Schedule of Total Pension Liability as a Percentage of Covered Payroll (LEOSSA) Required Supplemental Information 177 Person County, North Carolina Exhibit A-1 Other Postemployment Benefits Required Supplemental Information Schedule of Changes in Total OPEB Liability and Related Ratios 2021 2020 2019 2018 Total OPEB Liability Service cost 384,074$ 345,200$ 357,979$ 388,858$ Interest 286,912 277,842 252,125 215,478 Differences between expected and actual experience 121,084 343,866 81,127 115,642 Changes of assumptions 1,219,426 133,808 (259,495) (436,481) Benefit payments (468,955) (390,865) (352,654) (367,832) Net change in total OPEB liability 1,542,541 709,851 79,082 (84,335) Total OPEB liability - beginning 8,045,875 7,336,024 7,256,942 7,341,277 Total OPEB liability - ending 9,588,416$ 8,045,875$ 7,336,024$ 7,256,942$ Covered payroll 15,391,787$ 15,391,787$ 14,860,267$ 14,860,267$ Total OPEB liability as a percentage of covered payroll 62.30% 52.27% 49.37%48.83% Notes to Schedule Fiscal year Rate 2018 3.56% 2019 3.89% 2020 3.50% 2021 2.21% Changes of assumptions: Changes of assumptions and other inputs reflect the effects of changes in the discount rate of each period. The following are the discount rates used in each period: 73 178 Person County, North Carolina Exhibit A-2 Schedule of County's Proportionate Share of the Net Pension Liabiltiy Local Governmental Employees' Retirement System Last Eight Fiscal Years* 2021 2020 2019 2018 2017 2016 2015 2014 County's proportion of the net pension liability (asset)0.243% 0.239% 0.246% 0.251% 0.257% 0.269% 0.266% 27.400% County's proprotionate share of the net pension liability (asset) 8,677,708$ 6,538,373$ 5,839,757$ 3,840,085$ 5,463,315$ 1,207,480$ (1,570,847)$ 3,299,136$ County's covered- payroll during the measurement period 16,908,809$ 16,800,789$ 16,252,824$ 16,201,554$ 16,114,694$ 15,479,514$ 15,479,514$ 9,342,823$ County's proprotionate share of the net pension liability (asset) as a percentage of the measurement 51.32% 38.92% 35.93% 23.70% 33.90% 7.80% -10.15% 35.31% Plan fiduciary net position as a percentage of the total pension liability**88.61% 91.63% 91.63% 94.18% 91.47% 98.09% 102.64% 94.35% *The amounts presented for each fiscal year were determined as of the prior fiscal year ending June 30. ** This will be the same percentage for all participant employers in the LGERS plan. Information included above is intended to include ten years; however, only the years above have information available. Additional years will be included as information becomes available. 74 179 Person County, North Carolina Exhibit A-3 Schedule of County Contributions Local Governmental Employees' Retirement System Last Eight Fiscal Years 2021 2020 2019 2018 2017 2016 2015 2014 Contractually required contribution 1,920,053$ 1,623,326$ 1,325,452$ 1,245,106$ 1,206,010$ 1,099,065$ 1,017,439$ 1,098,928$ Contributions in relation to the contractually required contribution 1,920,053 1,623,326 1,325,452 1,245,106 1,206,010 1,099,065 1,017,439 1,098,928 Contribution deficiency (excess) - - - - - - - - County's covered payroll 18,583,709$ 16,908,809$ 16,800,789$ 16,252,824$ 16,201,554$ 16,114,694$ 16,017,799$ 15,479,514$ Contributions as a percentage of covered payroll 10.33% 9.60% 7.89% 7.66% 7.44% 6.82% 6.35% 7.10% Information included above is intended to include ten years; however, only the years above have information available. Additional years will be included as information becomes available. 75 180 Person County, North Carolina Exhibit A-4 Schedule of County's Proportionate Share of the Net Pension Liability (Asset) Register of Deed's Supplemental Pensions Fund Last Eight Fiscal Years* 2021 2020 2019 2018 2017 2016 2015 2014 County's proportion of the net pension liability (asset)0.316% 0.303% 0.349% 0.345% 0.351% 0.354% 0.373% 35.200% County's proprotionate share of the net pension liability (asset)(72,322)$ (59,775)$ (57,924)$ (58,832)$ (65,677)$ (82,140)$ (84,639)$ (75,159)$ County's covered- payroll during the measurement period 60,510$ 60,311$ 61,430$ 61,430$ 68,950$ 68,950$ 68,950$ 68,908$ County's proprotionate share of the net pension liability (asset) as a percentage of its covered payroll during the measurement period -119.52% -99.11% -94.29% -95.77% -95.25% -119.13% -122.75% -109.07% Plan fiduciary net position as a percentage of the total pension liability 173.62% 164.11% 153.31% 153.77% 160.17% 197.29% 193.88% 190.50% *The amounts presented for each fiscal year were determined as of the prior fiscal year ending June 30. Information included above is intended to include ten years; however, only the years above have information available. Additional years will be included as information becomes available. 76 181 Person County, North Carolina Exhibit A-5 Schedule of County Contributions Register of Deed's Supplemental Pension Fund Last Eight Fiscal Years 2021 2020 2019 2018 2017 2016 2015 2014 Contractually required contribution 4,086$ 2,760$ 2,878$ 2,993$ 2,995$ 3,148$ 2,558$ 3,049$ 4,086 2,760 2,878 2,993 2,995 3,148 2,558 3,049 Contribution deficiency (excess)- - - - - - - - County's covered payroll 65,366$ 60,510$ 60,311$ 61,430$ 61,430$ 68,950$ 68,950$ 68,908$ Contributions as a percentage of covered payroll 6.25% 4.56% 4.77% 4.87% 4.88% 4.57% 3.71% 4.42% Information included above is intended to include ten years; however, only the years above have information available. Additional years will be included as information becomes available. Contributions in relation to the contractually required contribution 77 182 Person County, North Carolina Exhibit A-6 Schedule of Changes in Total Pension Liability Law Enforcement Officers' Special Separation Allowance For the Year Ended June 30, 2021 2021 2020 2019 2018 2017 Beginning balance 1,734,475$ 1,519,755$ 1,526,510$ 1,395,651$ 1,352,634$ Service Cost 80,650 70,958 68,578 57,617 61,293 Interest on the total pension liability 55,744 54,440 47,389 52,959 47,709 Difference between expected and actual experience 138,125 86,216 (9,694) (28,783) (33,504) Changes of assumptions or other inputs 725,804 51,418 (59,313) 96,356 (32,481) Benefit payments (49,062) (48,312) (53,715) (47,290) (47,290) Ending balance of the total pension liability 2,685,736$ 1,734,475$ 1,519,755$ 1,526,510$ 1,348,361$ The amounts presented for the fiscal year were determined as of the prior December 31. Information included above is intended to include ten years; however, only the years above have information available. Additional years will be included as information becomes available. 78 183 Person County, North Carolina Exhibit A-7 Schedule of Total Pension Liability as a Percentage of Covered Payroll Law Enforcement Officers' Special Separation Allowance For the Year Ended June 30, 2021 2021 2020 2019 2018 2017 Total pension liability 2,685,736 1,734,475 1,519,755 1,526,510$ 1,395,651$ Covered payroll 2,792,438 2,627,756 2,425,376 2,359,987 2,374,905 Total pension liability as a percentage of covered payroll 96.18% 66.01% 62.66% 64.68% 58.77% Notes to the schedules: Person County has no assets accumulated in a trust that meets the criteria in paragraph 4 of GASB Statement 73 to pay related benefits. Information included above is intended to include ten years; however, only the years above have information available. Additional years will be included as information becomes available. 79 184 This section is provided to show details about the County's major governmental funds, which includes the General Fund, and non-major governmental funds. Budgetary information is also found in this part of the statements. Supplemental Information 185 Major Governmental Funds General Fund The general fund is used to account for resources traditionally associated with government which are not required legally or by sound financial management to be accounted for in another fund. The Reappraisal Fund has been consolidated in the General Fund and is displayed in a separate statement for reporting purposes in accordance with GASB Statement No. 54 guidelines. Special Revenue Fund Special revenue funds are used to account for specific revenues that are legally restricted to expenditure for specific purposes.  Person Industries Community Rehabilitation Program and Material Recovery Facility Fund: accounts for revenues and expenditures generated from Person Industries, a community rehabilitation program and a newly formed Material Recovery Facility operated by program workers associated with the Person Industries Community Rehabilitation Program. (Not included in this section since it exceeded the limits that categorizes it as a Major Fund. This is not a Capital Project, and therefore all associated financial statements are included in the Basic Financial Statements Section.) Capital Projects Funds Capital projects funds are used to account for the acquisition and construction of major capital facilities and equipment.  ARPA Fund: accounts for revenue and expenditures for capital projects funded by the American Rescue Plan Act of 2021. Major Governmental Funds 186 Person County, North Carolina Exhibit B-1 General Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual For the fiscal year ended June 30, 2020 VARIANCE Original Amended Positive Budget Budget Actual (Negative) REVENUES Ad valorem taxes Current year levy 32,430,115$ 32,430,115$ 33,942,442$ 1,512,327$ Prior year levy 350,000 350,000 476,878 126,878 Penalties and interest 161,500 161,500 234,386 72,886 Advertising 43,000 43,000 49,674 6,674 Total ad valorem taxes 32,984,615 32,984,615 34,703,380 1,718,765 Local option sales taxes Article 39 one per cent 3,219,440 4,865,824 4,761,004 (104,820) Article 40 one-half per cent 1,912,616 2,766,698 2,720,865 (45,833) Article 42 one-half per cent 1,584,120 2,392,294 2,340,881 (51,413) Article 44 one-half per cent 516,128 689,031 684,465 (4,566) Total local option sales taxes 7,232,304 10,713,847 10,507,215 (206,632) Other taxes Deed stamp excise tax 165,000 165,000 218,459 53,459 Occupancy tax 7,700 7,700 9,842 2,142 Gross receipts tax 14,000 14,000 16,304 2,304 Animal taxes - - 521 521 Privilege licenses tax 2,500 2,500 2,600 100 Total other taxes 189,200 189,200 247,726 58,526 Fees Planning and zoning fees 39,458 71,510 94,729 23,219 Register of Deeds fees 171,600 193,568 216,760 23,192 Inspection fees 506,900 506,900 414,458 (92,442) Special Use permit fees 400 400 (50) (450) Total fees 718,358 772,378 725,897 (46,481) Intergovernmental revenues State and Federal Funds Public Health Services 744,762 2,346,973 2,139,907 (207,066) Environmental Health Services - 6,091 6,091 - Social Services 5,340,306 5,546,778 5,725,179 178,401 Home and Community Care 336,000 336,000 383,727 47,727 Elderly and handicapped transportation 13,000 347,710 223,506 (124,204) Community Alternatives 152,010 152,855 152,855 - Beer and Wine Tax 138,250 138,250 134,364 (3,886) Video Programming 60,000 60,000 55,159 (4,841) DWI Revenues - 139,554 143,194 3,640 Court Facilities fees 45,000 45,000 43,891 (1,109) Sheriff's Grants 91,698 153,733 116,922 (36,811) Inmate cost reimbursement 300,000 300,000 156,056 (143,944) Federal Inmate cost reimbursement 5,000 5,000 - (5,000) Drug Enforcement-Related Revenues 92,000 92,000 74,306 (17,694) Emergency Management 38,904 46,854 46,415 (439) Federal Interest Subsidy - - - - Lottery Proceeds - - - - Library Grants 95,000 95,733 135,407 39,674 Soil and Water Conservation 28,600 28,600 29,314 714 2020 80 187 Person County, North Carolina Exhibit B-1 General Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual For the fiscal year ended June 30, 2020 VARIANCE Original Amended Positive Budget Budget Actual (Negative) 2020 Transportation Grant 490,451 501,446 412,355 (89,091) Veterans Services - 715 - (715) Subtotal State and Federal funds 7,970,981 10,343,292 9,978,648 (364,644) Local Funds E-911 City Participation 121,335 121,335 107,677 (13,658) Subtotal Local funds 121,335 121,335 107,677 (13,658) Total Intergovernmental revenues 8,092,316 10,464,627 10,086,325 (378,302) Investment income - 7,200 6,009 (1,191) Charges for services Sheriff and Jail fees 222,000 309,976 301,336 (8,640) School Resource Officer Contract 186,579 186,579 185,004 (1,575) ABC Officer Contract 28,000 28,000 28,000 - PCC Officer Contract 60,000 60,000 60,000 - Solid waste and recycling fees 625,000 730,670 934,212 203,542 EMS fees 1,431,000 1,431,000 2,275,327 844,327 Animal fees 30,500 31,243 30,157 (1,086) Cooperative Extension Fees 6,180 6,180 130 (6,050) Library fines and fees 13,100 13,100 5,606 (7,494) Recreation fees 306,000 319,252 190,720 (128,532) Map fees 500 500 482 (18) GIS fees 550 550 549 (1) EDC reimbursement from other governments 7,500 12,000 12,000 - IT services to other governments 84,284 84,284 83,934 (350) Stormwater Admin Fees 80,000 80,000 80,000 - Transportation Services 434,150 156,855 165,407 8,552 Tax Collection Fees 68,000 68,000 65,130 (2,870) Arts Council Reimbursement 25,000 25,000 21,014 (3,986) Health fees 223,060 373,060 246,679 (126,381) Environmental Health fees 145,000 145,000 209,532 64,532 DSS Fees 1,000 1,000 345 (655) Total charges for services 3,977,403 4,062,249 4,895,564 833,315 Other revenues Rents and leases 122,361 127,431 100,956 (26,475) ABC Board distributions 253,400 321,900 309,080 (12,820) Miscellaneous 55,052 420,366 433,236 12,870 Donations 18,000 33,882 62,147 28,265 Total other revenues 448,813 903,579 905,419 1,840 Total general revenues 53,643,009 60,097,695 62,077,535 1,979,840 EXPENDITURES General government Governing Body Personnel expenses 83,740 Operating expenses 56,354 ABC profits to City of Roxboro 498,139 Total 233,820 702,794 638,233 64,561 81 188 Person County, North Carolina Exhibit B-1 General Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual For the fiscal year ended June 30, 2020 VARIANCE Original Amended Positive Budget Budget Actual (Negative) 2020 Administration Personnel expenses 416,027 Operating expenses 10,124 Total 422,469 431,709 426,151 5,558 Information Technology Personnel expenses 700,890 Operating expenses 931,714 Capital outlay 73,241 Total 1,215,658 2,201,204 1,705,845 495,359 Human Resources Personnel expenses 584,548 Operating expenses 270,120 Total 778,581 974,835 854,668 120,167 Fleet Sales Management Operating expenses 15,453 Total 168,531 18,350 15,453 2,897 Elections Personnel expenses 233,948 Operating expenses 108,072 Total 269,337 441,362 342,020 99,342 Finance Personnel expenses 485,867 Operating expenses 178,762 Total 624,204 684,417 664,629 19,788 Tax Administration Personnel expenses 775,439 Operating expenses 235,177 Total 1,047,925 1,094,100 1,010,616 83,484 Reappraisal Reserve 340,000 340,000 - 340,000 Legal Personnel expenses 53,394 Operating expenses 1,619 Total 68,581 68,581 55,013 13,568 Register of Deeds Personnel expenses 259,078 Operating expenses 19,716 Total 313,441 316,597 278,794 37,803 82 189 Person County, North Carolina Exhibit B-1 General Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual For the fiscal year ended June 30, 2020 VARIANCE Original Amended Positive Budget Budget Actual (Negative) 2020 Courts Operating expenses 6,500 6,500 3,772 2,728 General Services Personnel expenses 904,480 Operating expenses 1,241,188 Capital outlay 42,403 Total 2,380,036 2,592,938 2,188,071 404,867 Total general government 7,869,083 9,873,387 8,183,265 1,690,122 Public Safety Sheriff Personnel expenses 4,094,176 Operating expenses 453,934 Capital outlay 405,316 Total 4,472,713 5,076,694 4,953,426 123,268 Jail Personnel expenses 1,915,663 Operating expenses 784,640 Capital outlay 32,749 Total 3,013,261 2,894,048 2,733,052 160,996 Judicial Personnel expenses 436,672 Operating expenses 7,890 Total 458,207 470,906 444,562 26,344 JCPC Administration Personnel expenses 911 Operating expenses 21,557 Total 178,409 22,828 22,468 360 Roots & Wings Operating expenses - 95,415 78,849 16,566 4H YES Personnel expenses 66,420 Operating expenses 1,596 Total - 68,277 68,016 261 83 190 Person County, North Carolina Exhibit B-1 General Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual For the fiscal year ended June 30, 2020 VARIANCE Original Amended Positive Budget Budget Actual (Negative) 2020 Emergency Management Personnel expenses 142,141 Operating expenses 99,888 Total 260,906 359,849 242,029 117,820 Fire and Rescue Personnel expenses 148,050 Operating expenses 49,182 VFD annual appropriation 396,853 Capital outlay 49,114 Total 607,038 677,244 643,199 34,045 Ambulance Service Personnel expenses 3,339,572 Operating expenses 555,145 Capital outlay 268,189 Total 3,763,042 4,596,051 4,162,906 433,145 Code Enforcement Personnel expenses 386,409 Operating expenses 36,412 Total 443,282 447,453 422,821 24,632 Emergency Communications Personnel expenses 853,490 Operating expenses 20,547 Total 1,085,527 1,105,527 874,037 231,490 Medical Examiner 26,000 28,350 29,100 (750) Animal Control Personnel expenses 284,348 Operating expenses 61,137 Total 403,866 464,906 345,485 119,421 Total public safety 14,712,251 16,307,548 15,019,950 1,287,598 Transportation Airport Operations Operating expenses 20,061 Total 48,800 48,800 20,061 28,739 84 191 Person County, North Carolina Exhibit B-1 General Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual For the fiscal year ended June 30, 2020 VARIANCE Original Amended Positive Budget Budget Actual (Negative) 2020 Public Transportation Personnel expenses 522,787 Operating expenses 338,758 Capital outlay 166,337 Total 1,157,685 1,454,439 1,027,882 426,557 Total transportation 1,206,485 1,503,239 1,047,943 455,296 Human Services Public Health Personnel expenses 1,439,855 Operating expenses 906,095 Capital outlay 50,907 Total 2,586,124 3,635,729 2,396,857 1,238,872 Environmental Health Personnel expenses 445,340 Operating expenses 55,882 Total 506,332 537,687 501,222 36,465 Mental Health Operating expenses 558,011 676,317 578,246 98,071 Social Services Personnel expenses 6,290,974 Operating expenses 1,185,132 Capital outlay 26,440 Public assistance 2,083,864 Total 10,031,241 10,742,743 9,586,410 1,156,333 Veterans Services Personnel expenses 14,191 Operating expenses 2,750 Total 18,536 21,108 16,941 4,167 Senior Center Operating expenses 473,642 Total 447,471 434,471 473,642 (39,171) Total human services 14,147,715 16,048,055 13,553,318 2,494,737 Education Public Schools Current expense 10,442,896 Terrell Fund 19,000 Total 10,459,896 10,459,896 10,461,896 (2,000) 85 192 Person County, North Carolina Exhibit B-1 General Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual For the fiscal year ended June 30, 2020 VARIANCE Original Amended Positive Budget Budget Actual (Negative) 2020 Community College Operating expenses 1,297,181 Total 1,297,181 1,297,181 1,297,181 - Total education 11,757,077 11,757,077 11,759,077 (2,000) Environmental Protection Landfill Maintenance Operating expenses 19,294 Total 41,100 49,325 19,294 30,031 Soil and Water Conservation Personnel expenses 116,100 Operating expenses 10,406 Total 141,484 161,663 126,506 35,157 Total environmental protection 182,584 210,988 145,800 65,188 Economic and Physical Development Economic Development Personnel expenses 164,239 Operating expenses 69,226 Total 493,139 273,047 233,465 39,582 Planning and Zoning Personnel expenses 227,057 Operating expenses 121,095 Total 259,001 412,960 348,152 64,808 GIS Personnel expenses 160,808 Operating expenses 30,108 Capital outlay 4,608 Total 198,460 200,232 195,524 4,708 Cooperative Extension Service Operating expenses 246,318 Total 241,350 296,479 246,318 50,161 Forestry Services Operating expenses 70,436 70,436 69,201 1,235 Total economic and physical development 1,262,386 1,253,154 1,092,660 160,494 86 193 Person County, North Carolina Exhibit B-1 General Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual For the fiscal year ended June 30, 2020 VARIANCE Original Amended Positive Budget Budget Actual (Negative) 2020 Cultural and Recreational Library Personnel expenses 475,915 Operating expenses 127,265 Total 645,803 654,942 603,180 51,762 Recreation, Arts and Parks Personnel expenses 852,970 Operating expenses 389,012 Capital outlay 27,602 Total 1,306,556 1,442,050 1,269,584 172,466 Museum of History Operating expenses 46,965 46,965 39,181 7,784 Total cultural and recreational 1,999,324 2,143,957 1,911,945 232,012 Contingency 385,220 169,260 - 169,260 Total expenditures 53,522,125 59,266,665 52,713,958 6,552,707 Revenues over (under) expenditures 120,884 831,030 9,363,577 8,532,547 OTHER FINANCING SOURCES (USES) Transfers out Special revenue funds (1,265,967) (3,638,491) (3,582,627) 55,864 Capital project funds (200,000) (907,806) (907,806) - Internal service funds (125,000) (1,543,208) (1,418,208) 125,000 Capital reserve funds (2,428,517) (2,428,517) (2,428,517) - Sale of capital assets - - 93,501 93,501 Total other financing sources (uses)(4,019,484) (8,518,022) (8,243,657) 274,365 Revenues and other financing sources over (under) expenditures and other financing uses (3,898,600) (7,686,992) 1,119,920 8,806,912 APPROPRIATED FUND BALANCE 3,898,600 7,686,992 - (7,686,992) Revenues, other sources, and appropriated fund balance over (under) expenditures and other financing uses -$ -$ 1,119,920 1,119,920$ Fund balance, beginning of year 29,943,279 Fund balance end of year 31,063,199$ 87 194 Person County, North Carolina Exhibit B-2 Budget and Actual VARIANCE Original Positive Budget Final Budget Actual (Negative) REVENUES -$ -$ -$ -$ EXPENDITURES General Government Operating expenses 340,000 340,000 325,618 14,382 Total expenditures 340,000 340,000 325,618 14,382 Excess (deficiency) of revenues over expenditures (340,000) (340,000) (325,618) 14,382 OTHER FINANCING SOURCES Transfers in General Fund 340,000 340,000 340,000 - Total other financing sources (uses) 340,000 340,000 340,000 - Excess (deficiency) of revenues and other financing sources over expenditures -$ -$ 14,382 14,382$ Fund balance beginning of year 623,136 Fund balance end of year 637,518$ For the fiscal year ended June 30, 2021 Reappraisal Fund Schedule of Revenues, Expenditures and Changes in Fund Balances 2021 88 195 Person County, North Carolina Exhibit B-3 Variance Project Prior Current Total Positive Authorization Years Year To Date (Negative) REVENUES Intergovernmental 7,670,470$ -$ -$ -$ (7,670,470)$ Interest Earnings - - 29 - Total revenues 7,670,470 - 29 - (7,670,470) EXPENDITURES Construction 7,670,470 - - - 7,670,470 Total expenditures 7,670,470 - - - 7,670,470 Excess (deficiency) of revenues and other financing sources over expenditures -$ -$ 29 -$ -$ Fund balance beginning of year - Fund balance end of year 29$ ARPA Fund Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual From inception and for the fiscal year ended June 30, 2021 Actual 89 196 Nonmajor Governmental Funds Special Revenue Funds Special revenue funds are used to account for specific revenues that are legally restricted to expenditure for specific purposes.  Fire Tax District Fund: accounts for property tax collections for distribution to the county’s nine fire service districts.  Emergency Telephone System Fund: accounts for revenues from a surcharge on County resident’s phone services and the use of those revenues to establish and maintain electronic capacity to determine the location of an emergency when citizens telephone 911 which will allow emergency services to more quickly and accurately respond.  Revolving Loan Fund: accounts for revenues received from the Multi-County Water Infrastructure Fund and the use of those revenues for loans to develop small business enterprises.  Economic Catalyst Fund: revenues associated with private and state economic development grant funding and general fund support for the purpose of providing expansion incentives to local industries.  Water and Sewer Construction Reserve Fund: accounts for revenues representing a portion of certain water service rates charged by the City of Roxboro to be held in reserve for future water and sewer extensions.  Sheriff’s Executions Fund: accounts for collections by the Sheriff of small claims remitted to the Clerk of Court and collection of commissions remitted to the County Finance Director.  Social Services Representative Payee Fund: accounts for receipts and disbursements made by the County on behalf of individuals for whom the County serves as or is, in fact, their legal guardian or custodian.  Capital Investment Fund: accounts for lottery and other special revenues related to capital improvements, but not yet assigned to a specific project. Capital Projects Funds Capital projects funds are used to account for the acquisition and construction of major capital facilities and equipment.  Airport Capital Projects Fund: accounts for revenues and expenditures relative to the construction projects of Person County Executive Airport.  Capital Improvement Projects Fund: accounts for revenues and expenditures relative to capital improvement projects for the County, Schools and Community College.  CDBG Fund: Accounts for revenues and expenditures related to CDBG grants.  Person County Recycling Center & Various Roofing Improvements Capital Projects Fund: accounts for revenues and expenditures relative to the purchase and renovation of current existing facilities associated with the Person County Recycling Center and re-roofing construction for various county and school buildings.  Roxplex and Various Improvements Project Fund: accounts for revenues and expenditures relative to the purchase and renovation of facilities associated with Roxplex and construction for various county and school buildings.  Waterline Extension RRSG Fund: accounts for revenues and expenditure related to construction of a waterline extension that will serve the Person County Mega Park.  Public Safety Towers and Broadband Fund: accounts for revenues and expenditures related to the construction of two communication towers and installation of broadband equipment, as well as the purchase of hand-held and vehicular radios for improved public safety communications. Nonmajor Governmental Funds 197 Person County, North Carolina Combining Balance Sheet Nonmajor Governmental Funds June 30, 2021 Fire Tax District Fund Emergency Telephone System Fund Revolving Loan Fund Economic Catalyst Fund Water and Sewer Construction Reserve Fund Sherriff's Execution Fund Social Services Representative Payee Fund Capital Investment Fund Total Nonmajor Special Revenue Funds ASSETS Cash and cash equivalents 157,073$ -$ 28,115$ 1,552,533$ 968,178$ 33,342$ 124,676$ -$ 2,863,917$ Restricted cash - 259,573 - - - - - 1,232,117 1,491,690 Accounts receivable, net - - 26,924 2,192 14,161 - 2,373 52,979 98,629 Total assets 157,073$ 259,573$ 55,039$ 1,554,725$ 982,339$ 33,342$ 127,049$ 1,285,096$ 4,454,236$ LIABILITIES, DEFERRED INFLOWS, AND FUND BALANCES Liabilities: Accounts payable and accrued liabilities 30$ 2,357$ -$ 425$ -$ -$ -$ 53,106 55,918$ Due to other governments - - - - - - - - - Total liabilities 30 2,357 - 425 - - - 53,106 55,918 DEFERRED INFLOWS Deferred revenue - - 26,924 - - - - 26,924 Fund balances: Restricted: Stabilization by State Statute - 37,464 26,924 2,192 67,639 - 2,373 52,979 189,571 Public safety - 219,752 - - - 33,342 - - 253,094 Culture and recreation - - - - - - 124,676 - 124,676 Capital projects - - - - - - - 1,179,011 1,179,011 Commited: Economic development - - - 911,183 - - - - 911,183 Environmental protection - - - - 914,700 - - - 914,700 Public safety 157,043 - - - - - - - 157,043 Capital projects - - - - - - - - - Assigned: Subsequent year's expenditures - - - 640,925 - - - - 640,925 Unassigned:- - 1,191 - - - - - 1,191 Total fund balances 157,043 257,216 28,115 1,554,300 982,339 33,342 127,049 1,231,990 4,371,394 Total liabilities, deferred inflows and fund balances 157,073$ 259,573$ 55,039$ 1,554,725$ 982,339$ 33,342$ 127,049$ 1,285,096$ 4,454,236$ Special Revenue Funds 90 198 Exhibit C-1 Airport Capital Projects Fund Capital Improvement Projects Fund CDBG Fund Person County Recycling Center & Various Roofing Improvements Capital Projects Fund Roxplex & Various Improvements Project Fund Waterline Extension RRSG Fund Public Safety Towers and Broadband Fund Total Nonmajor Capital Projects Funds Total Nonmajor Governmental Funds -$ 1,170,380$ -$ -$ -$ 42,850$ 206,029$ 1,419,259$ 4,283,176$ 4,578,550 - - - - - 81,695 4,660,245 6,151,935 - - - - - - - - 98,629 4,578,550$ 1,170,380$ -$ -$ -$ 42,850$ 287,724$ 6,079,504$ 10,533,740$ 298,569$ 15,800$ -$ -$ -$ -$ -$ 314,369$ 370,287$ - - - - - - - - -$ 298,569 15,800 - - - - - 314,369 370,287 - - - - - - - - 26,924 - - - - - - - - 189,571 - - - - - - - - 253,094 - - - - - - - - 124,676 4,279,981 - - - - - 81,695 4,361,676 5,540,687 - - - - - - - - 911,183 - - - - - - - - 914,700 - - - - - - - - 157,043 - 1,154,580 - - - 42,850 206,029 1,403,459 1,403,459 - - - - - - - - 640,925 - - - - - - - - 1,191 4,279,981 1,154,580 - - - 42,850 287,724 5,765,135 10,136,529 4,578,550$ 1,170,380$ -$ -$ -$ 42,850$ 287,724$ 6,079,504$ 10,533,740$ Capital Project Funds 91 199 Person County, North Carolina Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds For the fiscal year ended June 30, 2021 Fire Tax District Fund Emergency Telephone System Fund Revolving Loan Fund Economic Catalyst Fund Water and Sewer Construction Reserve Fund Sherriff's Execution Fund Social Services Representative Payee Fund Capital Investment Fund Total Nonmajor Special Revenue Funds REVENUES Ad valorem taxes 1,123,732$ -$ -$ -$ -$ -$ -$ -$ 1,123,732$ Restricted intergovernmental - 574,571 - 9,302 57,550 - - 188,975 830,398 Investment earnings - 52 524 250 191 90,665 168 78 91,928 Other revenues - - 4,936 - - - 789,091 - 794,027 Total revenues 1,123,732 574,623 5,460 9,552 57,741 90,665 789,259 189,053 2,840,085 EXPENDITURES Current: Human Service - - - - - - 777,743 777,743 Public safety 1,025,375 516,358 - - - 88,196 - - 1,629,929 Economic and physical development - - 19 409,119 636 - - 258 410,032 Capital outlay - - - - 287,400 - - 622,529 909,929 Debt service: Principal - 26,119 - - - - - 1,746,386 1,772,505 Interest and other charges - 364 - - - - - 271,762 272,126 Total 1,025,375 542,841 19 409,119 288,036 88,196 777,743 2,640,935 5,772,264 Excess (deficiency) of revenues over expenditures 98,357 31,782 5,441 (399,567) (230,295) 2,469 11,516 (2,451,882) (2,932,179) OTHER FINANCING SOURCES (USES) Transfers from other funds - - - 1,398,103 - - - 4,070,464 5,468,567 Transfers to other funds - - - - - - - (386,592) (386,592) Total other financing sources and uses - - - 1,398,103 - - - 3,683,872 5,081,975 Net change in funds 98,357 31,782 5,441 998,536 (230,295) 2,469 11,516 1,231,990 2,149,796 Fund balances (deficit) - beginning 58,686 225,434 22,674 555,764 1,212,634 - - - 2,075,192 Restatement - change in accounting principle - - - - - 30,873 115,533 - 146,406 Fund balances (deficit) - beginning (as restated)58,686 225,434 22,674 555,764 1,212,634 30,873 115,533 - 2,221,598 Fund balances - ending 157,043$ 257,216$ 28,115$ 1,554,300$ 982,339$ 33,342$ 127,049$ 1,231,990$ 4,371,394$ Special Revenue Funds 92 200 Exhibit C-2 Airport Capital Projects Fund Capital Improvement Projects Fund CDBG Fund Person County Recycling Center & Various Roofing Improvements Capital Projects Fund Roxplex & Various Improvements Project Fund Waterline Extension RRSG Fund Public Safety Towers and Broadband Fund Total Nonmajor Capital Projects Funds Total Nonmajor Governmental Funds -$ -$ -$ -$ -$ -$ -$ -$ 1,123,732$ 106,147 - 223,516 - - - - 329,663 1,160,061 896 16,868 - - - - 10 17,774 109,702 - - - - - - - - 794,027 107,043 16,868 223,516 - - - 10 347,437 3,187,522 - - - - - - - - 777,743 - - - - - - - - 1,629,929 2,977 - - - - - - 2,977 413,009 641,167 1,405,891 223,516 - - - 14,279 2,284,853 3,194,782 - - - - - - - - 1,772,505 - - - - - - - - 272,126 644,144 1,405,891 223,516 - - - 14,279 2,287,830 8,060,094 (537,101) (1,389,023) - - - - (14,269) (1,940,393) (4,872,572) 881,816 412,582 - - - - - 1,294,398 6,762,965 - - - (22,768) (29,846) - - (52,614) (439,206) 881,816 412,582 - (22,768) (29,846) - - 1,241,784 6,323,759 344,715 (976,441) - (22,768) (29,846) - (14,269) (698,609) 1,451,187 3,935,266 2,131,021 - 22,768 29,846 42,850 301,993 6,463,744 8,538,936 - - - - - - - - 146,406 3,935,266 2,131,021 - 22,768 29,846 42,850 301,993 6,463,744 8,685,342 4,279,981$ 1,154,580$ -$ -$ -$ 42,850$ 287,724$ 5,765,135$ 10,136,529$ Capital Project Funds 93 201 Person County, North Carolina Exhibit C-3 VARIANCE Original Positive Budget Final Budget Actual (Negative) REVENUES Ad valorem taxes 1,049,371$ 1,049,371$ 1,123,732$ 74,361$ Total revenues 1,049,371 1,049,371 1,123,732 74,361 EXPENDITURES VFD & Rescue Squad capital payments 1,049,371 1,039,371 1,025,375 13,996 Capital Outlay - 10,000 - 10,000 Total expenditures 1,049,371 1,049,371 1,025,375 23,996 Excess (deficiency) of revenues over expenditures -$ -$ 98,357 50,365$ Fund balance beginning of year 58,686 Fund balance end of year 157,043$ 2021 Fire Tax District Fund Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual For the fiscal year ended June 30, 2021 94 202 Person County, North Carolina Exhibit C-4 VARIANCE Original Positive Budget Final Budget Actual (Negative) REVENUES Intergovernmental revenues 626,806$ 626,806$ 574,571$ (52,235)$ Investment earnings - - 52 52 Total revenues 626,806 626,806 574,623 (52,183) EXPENDITURES Implemental functions 25,006 25,006 16,530 8,476 Telephone 150,106 211,975 414,570 (202,595) Software maintenance 74,558 56,172 56,172 - Hardware maintenance 43,762 40,801 24,724 16,077 Training 35,610 6,433 4,362 2,071 Debt Service Principal retirement 239,431 265,550 26,119 239,431 Interest and fees 58,333 58,333 364 57,969 Total debt service 297,764 323,883 26,483 297,400 Total expenditures 626,806 664,270 542,841 121,429 Excess (deficiency) of revenues over expenditures - (37,464) 31,782 69,246 APPROPRIATED FUND BALANCE - 37,464 - (37,464) Excess (deficiency) of revenues and other financing sources and appropriated fund balance over expenditures and other uses -$ -$ 31,782 31,782$ Fund balance beginning of year 225,434 Fund balance end of year 257,216$ 2021 For the fiscal year ended June 30, 2021 Emergency Telephone System Special Revenue Fund Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual 95 203 Person County, North Carolina Exhibit C-5 VARIANCE Original and Positive Final Budget Actual (Negative) REVENUES Investment earnings 518$ 524$ 6$ Miscellaneous revenues Loan principle received 4,936 4,936 - Total revenues 5,454 5,460 6 EXPENDITURES 5,454 19 5,435 Excess (deficiency) of revenues over expenditures -$ 5,441 5,441$ Fund balance beginning of year 22,674 Fund balance end of year 28,115$ 2021 For the fiscal year ended June 30, 2021 Revolving Loan Special Revenue Fund Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual 96 204 Person County, North Carolina Exhibit C-6 Economic Catalyst Fund VARIANCE Original Final Positive Budget Budget Actual (Negative) REVENUES Intergovernmental revenues -$ -$ 9,302$ 9,302$ Investment earnings - - 250 250 Total revenues - - 9,552 9,552 EXPENDITURES 929,500 1,623,103 409,119 1,213,984 Excess (deficiency) of revenues over expenditures (929,500) (1,623,103) (399,567) 1,223,536 OTHER FINANCING SOURCES (USES) Transfers in General fund 704,500 1,398,103 1,398,103 - Total Other Financing Sources 704,500 1,398,103 1,398,103 - Excess (deficiency) of revenues and other financing sources over expenditures (225,000) (225,000) 998,536 1,223,536 APPROPRIATED FUND BALANCE 225,000 225,000 - (225,000) Excess (deficiency) of revenues, other financing sources and appropriated fund balance over expenditures and other uses -$ -$ 998,536 998,536$ Fund balance beginning of year 555,764 Fund balance end of year 1,554,300$ 2021 Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual For the fiscal year ended June 30, 2021 97 205 Person County, North Carolina Exhibit C-7 VARIANCE Original Final Positive Budget Budget Actual (Negative) REVENUES Intergovernmental revenues 40,000$ 40,000$ 57,550$ 17,550$ Investment earnings - - 191 191 Total revenues 40,000 40,000 57,741 17,741 EXPENDITURES Water and sewer construction 40,000 608,000 287,400 320,600 Miscellaneous - - 636 (636) Excess (deficiency) of revenues over expenditures 40,000 (568,000) (230,295) 337,705 APPROPRIATED FUND BALANCE - 568,000 - (568,000) Excess (deficiency) of revenues, other financing sources and appropriated fund balance over expenditures and other uses -$ -$ (230,295) (230,295)$ Fund balance beginning of year 1,212,634 Fund balance end of year 982,339$ 2021 For the fiscal year ended June 30, 2021 Budget and Actual Schedule of Revenues, Expenditures and Changes in Fund Balances Water and Sewer Construction Reserve Special Revenue Fund 98 206 Person County, North Carolina Exhibit C-8 Sherriff's Execution Fund Schedule of Revenues, Expenditures and Changes in Fund Balances Actual For the fiscal year ended June 30, 2021 VARIANCE Original Final Positive Budget Budget Actual (Negative) REVENUES Investment earnings -$ 100,000$ 90,665$ (9,335)$ Total revenues - 100,000 90,665 (9,335) EXPENDITURES Public buildings and grounds Operating - 100,000 88,196 11,804 Excess (deficiency) of revenues over expenditures -$ -$ 2,469$ 2,469$ Fund balance beginning of year - Restatement - change in accounting principle 30,873 Fund balance beginning of year (as restated) 30,873 Fund balance end of year 33,342$ 2021 99 207 Person County, North Carolina Exhibit C-9 VARIANCE Original Positive Budget Final Budget Actual (Negative) REVENUES Lottery Proceeds -$ 399,950$ 789,091$ 389,141$ Investment earnings - 50 168 118 Total revenues - 400,000 789,259 389,259 EXPENDITURES Human Service - 400,000 777,743 (377,743) Total expenditures - 400,000 777,743 (377,743) Excess (deficiency) of revenues over expenditures - - 11,516 11,516 Fund balance beginning of year - Restatment - change in accounting principle 115,533 Fund balance beginning of year (as restated)115,533 Fund balance end of year 127,049$ 2021 Social Services Representative Payee Fund Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual For the fiscal year ended June 30, 2021 100 208 Person County, North Carolina Exhibit C-10 VARIANCE Original Positive Budget Final Budget Actual (Negative) REVENUES Lottery Proceeds 200,000$ 269,070$ 188,975$ (80,095)$ Investment earnings - - 78 78 Total revenues 200,000 269,070 189,053 (80,017) EXPENDITURES Schools 689,600 812,148 622,529 189,619 Miscellaneous - - 258 (258) Debt Service Principal retirement 1,746,387 1,746,387 1,746,386 1 Interest and fees 959,861 1,503,749 271,762 1,231,987 Total debt service 2,706,248 3,250,136 2,018,148 1,231,988 Total expenditures 3,395,848 4,062,284 2,640,935 1,421,349 Excess (deficiency) of revenues over expenditures (3,195,848) (3,793,214) (2,451,882) 1,341,332 OTHER FINANCING SOURCES (USES) Transfers In 3,582,440 4,126,328 4,070,464 55,864 Transfers Out (386,592) (386,592) (386,592) - Excess (deficiency) of revenues and other financing sources over expenditures and other uses - (53,478) 1,231,990 1,397,196 APPROPRIATED FUND BALANCE - 53,478 - (53,478) Excess (deficiency) of revenues and other financing sources and appropriated fund balance over expenditures and other uses -$ -$ 1,231,990 1,231,990$ Fund balance beginning of year - Fund balance end of year 1,231,990$ 2021 Capital Investment Fund Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual For the fiscal year ended June 30, 2021 101 209 Person County, North Carolina Exhibit C-11 Variance Project Prior Current Total Positive Authorization Years Year To Date (Negative) REVENUES Restricted intergovernmental 12,779,644$ 1,430,066$ 106,147$ 1,536,213$ (11,243,431)$ Investment earnings - 71,122 896 72,018 72,018 Other revenues 988,372 129,790 - 129,790 (858,582) Total revenues 13,768,016 1,630,978 107,043 1,738,021 (12,029,995) EXPENDITURES Construction 18,580,039 1,795,712 641,167 2,436,879 16,143,160 Miscellaneous - - 2,977 2,977 (2,977) Excess (deficiency) of revenues over expenditures (4,812,023) (164,734) (537,101) (701,835) 4,110,188 OTHER FINANCING SOURCES Operating transfers-in General fund 3,281,816 4,100,000 881,816 4,981,816 1,700,000 Total Other Financing Sources 3,281,816 4,100,000 881,816 4,981,816 1,700,000 Excess (deficiency) of revenues and other financing sources over expenditures (1,530,207)$ 3,935,266$ 344,715 4,279,981$ 5,810,188$ APPROPRIATED FUND BALANCE 1,530,207 - - - (1,530,207) Excess (deficiency) of revenues, other financing sources, and fund balance appropriated over expenditures -$ 3,935,266$ 344,715 4,279,981$ 4,279,981$ Fund balance beginning of year 3,935,266 Fund balance end of year 4,279,981$ Actual From inception and for the fiscal year ended June 30, 2021 Airport Capital Projects Fund Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual 102 210 Person County, North Carolina Exhibit C-12 Variance Project Prior Current Total Positive Authorization Years Year To Date (Negative) REVENUES Restricted intergovernmental City of Roxboro Contributions 17,167$ 17,166$ -$ 17,166$ (1)$ Other revenues - 39,270 - 39,270 39,270 Investment earnings 96,625 89,889 16,868 106,757 10,132 Total revenues 113,792 146,325 16,868 163,193 49,401 EXPENDITURES County 4,853,751 4,566,417 621,598 5,188,015 (334,264) Schools 1,201,374 942,901 533,322 1,476,223 (274,849) PCC 850,289 1,083,501 250,162 1,333,663 (483,374) Miscellaneous - - 809 809 (809) Total expenditures 6,905,414 6,592,819 1,405,891 7,998,710 (1,093,296) Excess (deficiency) of revenues over expenditures (6,791,622) (6,446,494) (1,389,023) (7,835,517) (1,043,895) OTHER FINANCING SOURCES (USES) Transfers in General Fund 6,405,030 10,994,515 25,990 11,020,505 4,615,475 County Capital Reserve Fund 386,592 - 386,592 386,592 - Schools Capital Reserve Fund - - - - - Transfers out Capital Projects Fund - (140,000) - (140,000) (140,000) Total Other Financing Sources 6,791,622 10,854,515 412,582 11,267,097 4,475,475 Excess (deficiency) of revenues and other financing sources over expenditures -$ 4,408,021$ (976,441) 3,431,580$ 3,431,580$ Fund balance beginning of year 2,131,021 Fund balance end of year 1,154,580$ Actual From inception and for the fiscal year ended June 30, 2021 Capital Improvement Projects Fund Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual 103 211 Person County, North Carolina Exhibit C-13 Variance Project Prior Current Total Positive Authorization Years Year To Date (Negative) REVENUES Intergovernmental 1,000,000$ 696,353$ 223,516$ 919,869$ (80,131)$ Total revenues 1,000,000 696,353 223,516 919,869 (80,131) EXPENDITURES Construction 1,000,000 696,353 223,516 919,869 80,131 Total expenditures 1,000,000 696,353 223,516 919,869 80,131 Excess (deficiency) of revenues and other financing sources over expenditures -$ -$ - -$-$ Fund balance beginning of year - Fund balance end of year -$ CDBG Fund Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual From inception and for the fiscal year ended June 30, 2021 Actual 104 212 Person County, North Carolina Exhibit C-14 Variance Project Prior Current Total Positive Authorization Years Year To Date (Negative) REVENUES Investment earnings 260$ 255$ -$ 255$ (5)$ Total revenues 260 255 - 255 (5) EXPENDITURES Professional services - architect and engineering 74,163 116,914 - 116,914 (42,751) Building purchase 852,204 852,204 - 852,204 - Construction 967,357 1,227,712 - 1,227,712 (260,355) Issuance cost 163,220 163,220 - 163,220 - Public schools 303,110 - - - 303,110 Other 8,913 8,912 - 8,912 1 Total expenditures 2,368,967 2,368,962 - 2,368,962 5 Excess (deficiency) of revenues over expenditures (2,368,707) (2,368,707) - (2,368,707) - OTHER FINANCING SOURCES (USES) Transfers in General Fund 1,475 1,475 - 1,475 - CIP Project Fund 30,000 30,000 - 30,000 - Transfers out Person Industries (22,768) - (22,768) (22,768) - Installment purchase obligations issued 2,360,000 2,360,000 - 2,360,000 - Total Other Financing Sources 2,368,707 2,391,475 (22,768) 2,368,707 - Excess (deficiency) of revenues and other financing sources over expenditures -$ 22,768$ (22,768) -$ -$ Fund balance beginning of year 22,768 Fund balance end of year -$ Person County Recycling Center & Various Roofing Improvements Capital Projects Fund Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual From inception and for the fiscal year ended June 30, 2021 Actual 105 213 Person County, North Carolina Exhibit C-15 Variance Project Prior Current Total Positive Authorization Years Year To Date (Negative) REVENUES Investment earnings -$ 133$ -$ 133$ 133$ Total revenues - 133 - 133 133 EXPENDITURES County 975,182 975,179 - 975,179 3 Schools 854,533 854,533 - 854,533 - Issuance Costs 54,575 54,575 - 54,575 - Contingency 29,710 - - - 29,710 Total expenditures 1,914,000 1,884,287 - 1,884,287 29,713 Excess (deficiency) of revenues over expenditures (1,914,000) (1,884,154) - (1,884,154) 29,846 OTHER FINANCING SOURCES (USES): Transfers in General Fund 30,000 30,000 - 30,000 - Installment purchase obligations issued 1,884,000 1,884,000 - 1,884,000 - Transfers out Capital Improvements Fund (29,846) - (29,846) (29,846)- Total other financing sources 1,884,154 1,914,000 (29,846) 1,884,154 - Excess (deficiency) of revenues and other sources over expenditures (29,846)$ 29,846$ (29,846) -$ 29,846$ APPROPRIATED FUND BALANCE 29,846 - - - (29,846) Excess (deficiency) of revenues, other financing sources, and fund balance appropriated over expenditures -$ 29,846$ (29,846) -$ -$ Fund balance beginning of year 29,846 Fund balance end of year -$ Roxplex & Various Improvements Project Fund Statement of Revenues, Expenditures and Changes in Fund Balances Budget and Actual From inception and for the fiscal year ended June 30, 2021 Actual 106 214 Person County, North Carolina Exhibit C-16 Variance Project Prior Current Total Positive Authorization Years Year To Date (Negative) REVENUES Intergovernmental 1,604,124$ 1,083,211$ -$ 1,083,211$ (520,913)$ Total revenues 1,604,124 1,083,211 - 1,083,211 (520,913) EXPENDITURES Schools 2,005,156 1,441,393 - 1,441,393 563,763 Total expenditures 2,005,156 1,441,393 - 1,441,393 563,763 Excess (deficiency) of revenues over expenditures (401,032) (358,182) - (358,182) 42,850 OTHER FINANCING SOURCES (USES): Transfers in General Fund 401,032 401,032 - 401,032 - Total other financing sources 401,032 401,032 - 401,032 - Excess (deficiency) of revenues and other sources over expenditures -$ 42,850$ - 42,850$ 42,850$ Fund balance beginning of year 42,850 Fund balance end of year 42,850$ Waterline Extension RRSG Fund Statement of Revenues, Expenditures and Changes in Fund Balances Budget and Actual From inception and for the fiscal year ended June 30, 2021 Actual 107 215 Person County, North Carolina Exhibit C-17 Variance Project Prior Current Total Positive Authorization Years Year To Date (Negative) REVENUES Investment earnings -$ 215$ 10$ 225$ 225$ EXPENDITURES County 3,475,152 3,256,635 13,297 3,269,932 205,220 Schools 1,089,551 1,088,558 982 1,089,540 11 Issuance costs 53,780 53,780 - 53,780 - Contingency funds 176,517 - - - 176,517 Total expenditures 4,795,000 4,398,973 14,279 4,413,252 381,748 Excess (deficiency) of revenues over expenditures (4,795,000) (4,398,758) (14,269) (4,413,027) 381,973 OTHER FINANCING SOURCES (USES) Transfers in CIP Projects Fund 395,000 395,000 - 395,000 - Installment purchase obligations issued 4,400,000 4,400,000 - 4,400,000 - Total Other Financing Sources 4,795,000 4,795,000 - 4,795,000 - Excess (deficiency) of revenues and other financing sources over expenditures -$ 396,242$ (14,269) 381,973$ 381,973$ Fund balance beginning of year 301,993 Fund balance end of year 287,724$ Public Safety Towers and Broadband Fund Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual From inception and for the fiscal year ended June 30, 2021 Actual 108 216 Enterprise Fund Enterprise Funds are used to account for operations that are financed and operated in a manner similar to private business enterprises – where the intent of the government’s council is that the cost of providing goods or services to the general public on a continuing basis be financed or recovered primarily through user charges.  Stormwater Fund: accounts for the operations of the County’s stormwater activities Enterprise Fund 217 Person County, North Carolina Exhibit D-1 Budget and Actual VARIANCE Original Positive Budget Final Budget Actual (Negative) REVENUES Charge for services 250,000$ 250,000$ 280,429$ 30,429$ Investment earnings - - 2,554 2,554 Total revenues 250,000 250,000 282,983 32,983 EXPENDITURES Environmental Protection Operating expenses 245,000 245,000 174,143 70,857 Capital outlay 5,000 5,000 - 5,000 Total expenditures 250,000 250,000 174,143 75,857 Excess (deficiency) of revenues over expenditures -$ -$ 108,840 108,840$ Fund balance beginning of year 564,442 Fund balance end of year 673,282$ Stormwater Fund Schedule of Revenues, Expenditures and Changes in Fund Balances For the fiscal year ended June 30, 2021 2021 109 218 Internal Service Fund Internal Service funds are used to account for the financing of goods and services provided by one department or other departments of the County.  Insurance Fund: accounts for the County’s health insurance transactions Enterprise Fund Enterprise Fund Enterprise Fund Internal Service Fund 219 Person County, North Carolina Exhibit E-1 Budget and Actual (Non-GAAP) VARIANCE Original Positive Budget Final Budget Actual (Negative) REVENUES Contributions from employees 3,745,961$ 3,745,961$ 3,782,653$ 36,692$ Insurance settlements 75,000 95,453 103,373 7,920 Investment earnings - - 243 243 Miscellaneous 380,214 380,214 343,962 (36,252) Total revenues 4,201,175 4,221,628 4,230,231 8,603 EXPENDITURES Health insurance administration 851,758 851,758 704,888 146,870 Claims 3,349,417 4,788,078 4,418,608 369,470 Total expenditures 4,201,175 5,639,836 5,123,496 516,340 Excess (deficiency) of revenues over expenditures - (1,418,208) (893,265) 524,943 OTHER FINANCING SOURCES Transfers in General Fund - 1,418,208 1,418,208 - Total other financing sources (uses)- 1,418,208 1,418,208 - Excess (deficiency) of revenues over expenditures -$ -$ 524,943 524,943$ Fund balance beginning of year (443,134) Fund balance end of year 81,809$ Insurance Fund Schedule of Revenues, Expenditures and Changes in Fund Balances For the fiscal year ended June 30, 2021 2021 110 220 Custodial Funds Custodial funds account for assets held by the County as an agent for individuals or other governments/organizations.  Roxboro Property Tax Fund: accounts for registered motor vehicle property taxes that are billed and collected by the County for the City of Roxboro. This fund also includes the 3% additional first month’s interest charged on delinquent motor vehicle tax bills remitted to the State Treasurer.  Inmate Fund: accounts for cash held for inmates who are serving time in the Person County Detention Center.  4-H Program Fund: accounts for monies held for future 4-H program expenses. Custodial Funds 221 Person County, North Carolina Exhibit F-1 Custodial Funds For the fiscal year ended June 30, 2021 Roxboro Property Tax Fund Inmate Fund 4H Program Fund Total Custodial Funds ASSETS Cash and cash equivalents 17,516$ 29,359$ 35,118$ 81,993$ Taxes receivable for other governments, net 139,737 - - 139,737 Total assets 157,253 29,359 35,118 221,730 LIABILITIES Accounts payable and accrued liabilities - - 222 222 Due to other governments 17,516 - - 17,516 Total liabilities 17,516 - 222 17,738 NET POSITION Restricted for: Individuals, organizations, and other governments 139,737 29,359 34,896 203,992 Total net position 139,737$ 29,359$ 34,896$ 203,992$ Combining Statement of Fiduciary Net Position 111 222 Person County, North Carolina Exhibit F-2 Custodial Funds For the fiscal year ended June 30, 2021 Roxboro Property Tax Fund Jail Inmate Pay Fund 4H Program Fund Total Custodial Funds ADDITIONS Ad valorem taxes for other governments 775,534$ -$ -$ 775,534$ Collections on behalf of inmates - 201,168 - 201,168 Collections on behalf of 4H - - 8,368 8,368 Total additions 775,534 201,168 8,368 985,070 DEDUCTIONS Tax distributions to other governments 819,628 - - 819,628 Payments on behalf of inmates - 176,604 - 176,604 Payments to 4H - - 10,587 10,587 Total deductions 819,628 176,604 10,587 1,006,819 Net increase (decrease) in fiduciary net position (44,094) 24,564 (2,219) (21,749) Net position, beginning, as previously reported - - - - Prior period restatement - change in accounting principle 183,831 4,795 37,115 225,741 Net position, beginning, as restated 183,831 4,795 37,115 225,741 Net position, ending 139,737$ 29,359$ 34,896$ 203,992$ Combining Statement of Changes in Fiduciary Net Position 112 223 This section contains additional information on property taxes.  Schedule of Ad Valorem Taxes Receivable  Analysis of Current Tax Levy Other Schedules 224 Person County, North Carolina Exhibit G-1 Schedule of Ad Valorem Taxes Receivable For the fiscal year ended June 30, 2021 Uncollected Uncollected Balance Collections Balance Fiscal Year Tax Year June 30, 2020 Additions and Credits June 30, 2021 2020-2021 2020 -$ 34,255,502$ 34,025,269$ 230,233$ 2019-2020 2019 370,027 - 259,184 110,843 2018-2019 2018 156,104 - 83,273 72,831 2017-2018 2017 96,069 - 45,516 50,553 2016-2017 2016 66,791 - 32,118 34,673 2015-2016 2015 45,734 - 18,867 26,867 2014-2015 2014 30,418 - 9,110 21,308 2013-2014 2013 30,782 - 6,601 24,181 2012-2013 2012 29,395 - 5,260 24,135 2011-2012 2011 26,486 - 4,398 22,088 2010-2011 2010 23,163 - 23,163 - Total 874,969$ 34,255,502$ 34,512,759$ 617,712$ Less: allowance for uncollectible accounts 169,274 Ad valorem taxes receivable, net: 448,438$ Reconcilement with Revenues: Taxes - Ad Valorem - General Fund Current year 33,942,442$ Prior years 476,878 Penalties and interest 234,386 Advertising 49,674 Total Ad Valorem Taxes 34,703,380 Refunds Adjustments to prior years taxes 74,630 Amounts written off for tax year 2010 per statute of limitations 18,808 Subtotal 34,796,818 Less interest collected 234,386 Less advertising fees 49,674 Total collections and credits 34,512,758$ 113 225 Person County, North Carolina Exhibit G-2 Analysis of Current Tax Levy For the fiscal year ended June 30, 2021 Property Excluding Rate Registered Registered Property per $100 Amount Motor Motor Valuation Valuation of Levy Vehicles Vehicles Original Levy County Wide Property Taxes at Current Year's Rate 4,761,644,038$ 0.72$ 34,283,837$ 31,226,101$ 3,057,736$ Late Listing Penalties - 45,981 45,981 - Total 4,761,644,038 34,329,818 31,272,082 3,057,736 Discoveries and Corrections Current Years' Taxes 16,484,446 0.72 118,688 118,688 - Penalties - 874 874 - 16,484,446 119,562 119,562 - Releases (26,927,461) 0.72 (193,878) (193,878) - Total for Year 4,751,201,023$ 34,255,502 31,197,766 3,057,736 Less Uncollected tax at June 30, 2021 230,233 226,696 3,537 Current year's taxes collected 34,025,269$ 30,971,070$ 3,054,199$ Percent current year collected 99.33%99.27%99.88% County - wide Levy 114 226 Statistical Section This part of the Person County’s Annual Comprehensive Financial Report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the government’s overall financial health. Contents Page Financial Trends 115 These schedules contain trend information to help the reader understand how the government’s financial performance and well-being have changed over time. Revenue Capacity 121 These schedules contain information to help the reader assess the government’s most significant local revenue source, the property tax. Debt Capacity 133 These schedules present information to help the reader assess the affordability of the government’s current levels of outstanding debt and the government’s ability to issue additional debt in the future. Demographic and Economic Information 138 These schedules offer demographic and economic indicators to help the reader understand the environment within which the government’s financial activities take place. Operating Information 140 These schedules contain service and infrastructure data to help the reader understand how the information in the government’s financial report relates to the services the government provides and the activities it performs. Sources: Unless otherwise noted, the information in these schedules is derived from the Annual Comprehensive Financial Reports for the relevant year. Statistical Section 227 Person County, North Carolina Schedule 1 Net Position by Component Last Ten Fiscal Years (accrual basis of accounting) 2012 2013 2014 2015 Governmental activities Net investment in capital assets 21,155,561$ 21,364,462$ 23,065,359$ 31,664,023$ Restricted 8,219,339 8,869,798 7,729,273 7,043,470 Unrestricted 4,191,640 3,657,279 4,533,912 9,074,436 Total governmental activities net position 33,566,540$ 33,891,539$ 35,328,544$ 47,781,929$ Business-type activities Unrestricted -$ -$ 71,668$ 144,184$ Total business-type activities net position -$ -$ 71,668$ 144,184$ Primary government Net investment in capital assets 21,155,561$ 21,364,462$ 23,065,359$ 31,664,023$ Restricted 8,219,339 8,869,798 7,729,273 7,043,470 Unrestricted 4,191,640 3,657,279 4,605,580 9,218,620 Total primary govermental net position 33,566,540$ 33,891,539$ 35,400,212$ 47,926,113$ Fiscal Year 115 228 (Page 1 of 2)(Page 2 of 2) 2016 2017 2018 2019 2020 2021 38,358,826$ 32,964,043$ 36,548,803$ 37,183,541$ 38,473,970$ 38,679,199$ 8,700,798 9,036,709 11,648,228 9,600,668 12,595,100 13,813,793 10,855,661 14,010,974 13,433,622 17,860,289 17,159,390 16,417,853 57,915,285$ 56,011,726$ 61,630,653$ 64,644,498$ 68,228,460$ 68,910,845$ 237,204$ 322,258$ 415,658$ 528,061$ 564,442$ 673,282$ 237,204$ 322,258$ 415,658$ 528,061$ 564,442$ 673,282$ 38,358,826$ 32,964,043$ 36,548,803$ 37,183,541$ 38,473,970$ 38,679,199$ 8,700,798 9,036,709 11,648,228 9,600,668 12,595,100 13,813,793 11,092,865 14,333,232 13,849,280 18,388,350 17,723,832 17,091,135 58,152,489$ 56,333,984$ 62,046,311$ 65,172,559$ 68,792,902$ 69,584,127$ Fiscal Year 116 229 Person County, North Carolina Schedule 2 Changes in Net Position Last Ten Fiscal Years (accrual basis of accounting) (Page 1 of 4) 2012 2013 2014 2015 2016 Expenses Governmental activities General government $ 5,670,286 $ 6,191,937 $ 7,616,061 $ 7,149,705 $ 6,589,856 Public safety 11,437,656 11,961,190 12,476,577 12,475,439 12,818,151 Transportation 1,435,983 1,415,053 1,286,978 1,277,326 1,333,946 Human services 15,746,664 16,333,971 16,563,554 14,335,792 14,535,066 Environmental protection 891,073 1,088,616 649,147 2,510,486 2,469,444 Economic and physical development 1,753,033 2,103,294 1,404,663 1,433,353 1,246,837 Cultural and recreation 1,466,125 1,587,995 1,592,550 1,615,447 1,800,505 Education 10,269,913 13,043,761 12,096,514 11,626,709 12,987,242 Interest on long term debt 669,146 534,264 530,279 242,746 436,753 Total governmental activities expenses 49,339,879 54,260,081 54,216,323 52,667,003 54,217,800 Business-type activities Stormwater Department - - 199,674 196,024 175,115 Total primary government expenses $ 49,339,879 $ 54,260,081 $ 54,415,997 $ 52,863,027 $ 54,392,915 Program Revenues Governmental activities Charges for services: General government $ 388,611 $ 350,744 $ 396,260 $ 415,643 $ 394,378 Public safety 2,047,710 1,717,878 1,842,884 1,987,725 1,968,436 Transportation 240,965 322,797 294,459 419,617 449,196 Human services 4,027,375 4,023,486 2,728,473 2,522,871 3,139,853 Environmental protection 932,314 796,321 822,423 761,116 754,409 Economic and physical development 90,001 6,956 11,433 14,731 16,063 Cultural and recreation 341,512 358,138 345,570 323,353 368,606 Operating grants and contributions: General government 65,114 14,492 2 - 3,276 Public safety 1,055,904 1,024,467 1,208,057 1,323,629 1,277,367 Transportation 225,765 310,036 362,452 271,196 506,589 Human services 7,100,930 6,926,407 8,392,466 8,560,360 8,031,774 Environmental protection 118,497 113,343 114,204 118,251 125,363 Economic and physical development 499,604 1,148,118 392,042 166,357 277,603 Cultural and recreation 120,282 117,926 100,281 514,960 141,363 Education 17,862 1,534,817 - - - Capital grants and contributions: General Government 140,641 6,227 19 - - Transportation 157,454 454,726 231,347 188,211 65,488 Environmental Protection 54,587 55,737 4,510 - 6,000 Economic and physical development 1,500 2,638 171,039 110,925 - Cultural and recreation 4,000 20,500 12,269 15,877 14,513 Education - - 72,465 229,808 198,948 Total governmental activities program revenues 17,630,628 19,305,754 17,502,655 17,944,630 17,739,225 Fiscal Year 117 230 (Page 2 of 4) 2012 2013 2014 2015 2016 Business-type activities Charges for services: Stormwater Department - - 271,342 268,540 268,135 Total primary government program revenues $ 17,630,628 $ 19,305,754 $ 17,773,997 $ 18,213,170 $ 18,007,360 Net (Expense)/Revenue Governmental activities $ (31,709,251) $ (34,954,327) $ (36,713,668) $ (34,722,373) $ (36,478,575) Business-type activities - - 71,668 72,516 93,020 Total primary government net expense $ (31,709,251) $ (34,954,327) $ (36,642,000) $ (34,649,857) $ (36,385,555) General Revenues and Other Changes in Net Position Governmental activities Property taxes $ 27,393,771 $ 28,772,219 $ 30,883,915 $ 31,358,952 $ 31,272,619 Local option sales tax 6,045,749 6,092,052 6,430,850 6,732,660 7,058,217 Other taxes and licenses 305,012 493,228 462,739 563,360 698,818 Unrestricted intergovernmental - - - 208,437 - Investment earnings 14,619 13,715 508 (32,398) 52,812 Miscellaneous, unrestricted Loss on disposal of capital asset - - - 15,325 163,861 Contributed capital - - - 10,363,160 6,392,856 Other miscellaneous 1,889,020 (498,552) 372,661 88,262 519,861 Total governmental activities 35,648,171 34,872,662 38,150,673 49,297,758 46,159,044 Business-type activities Investment earnings - - - - - Total primary government general $ 35,648,171 $ 34,872,662 $ 38,150,673 $ 49,297,758 $ 46,159,044 revenues, special items and transfers Change in Net Position Governmental activities $ 3,938,920 $ (81,665) $ 1,437,005 $ 14,575,385 $ 9,680,469 Business-type activities - - 71,668 72,516 93,020 Total primary government $ 3,938,920 $ (81,665) $ 1,508,673 $ 14,647,901 $ 9,773,489 Fiscal Year 118 231 Person County, North Carolina Schedule 2 Changes in Net Position Last Ten Fiscal Years (accrual basis of accounting) Expenses Governmental activities General government Public safety Transportation Human services Environmental protection Economic and physical development Cultural and recreation Education Interest on long term debt Total governmental activities expenses Business-type activities Stormwater Department Total primary government expenses Program Revenues Governmental activities Charges for services: General government Public safety Transportation Human services Environmental protection Economic and physical development Cultural and recreation Operating grants and contributions: General government Public safety Transportation Human services Environmental protection Economic and physical development Cultural and recreation Education Capital grants and contributions: General Government Transportation Environmental Protection Economic and physical development Cultural and recreation Education Total governmental activities program revenues (Page 3 of 4) 2017 2018 2019 2020 2021 $ 7,693,371 $ 8,511,007 $ 11,204,154 $ 11,072,339 $ 12,935,151 13,843,079 13,040,023 14,574,861 15,662,933 17,240,103 1,339,616 1,291,899 1,611,457 1,331,856 1,212,218 15,048,142 16,273,304 14,662,401 14,833,071 16,788,184 3,083,626 648,644 657,940 703,154 788,995 1,608,085 1,443,587 1,127,571 1,610,834 1,598,740 1,812,818 1,745,964 1,942,027 2,116,574 2,109,894 12,404,456 10,633,360 11,427,138 11,846,237 12,715,831 370,388 363,297 545,966 412,610 248,213 57,203,581 53,951,085 57,753,515 59,589,608 65,637,329 182,996 183,136 168,596 245,619 174,143 $ 57,386,577 54,134,221 57,922,111 59,835,227 $ 65,811,472 $ 421,621 $ 719,193 $ 756,078 $ 826,543 $ 1,077,017 2,047,699 1,876,352 2,263,955 2,131,221 2,879,774 381,887 332,338 339,142 269,714 165,407 3,388,953 3,712,493 2,461,438 1,957,968 1,123,017 819,123 715,722 718,500 813,290 1,143,744 15,688 83,041 94,404 96,151 80,130 409,525 412,458 382,003 271,042 217,340 - 185,470 199,660 194,989 189,523 1,650,012 1,199,209 1,718,231 1,763,381 1,415,887 494,012 242,456 482,771 471,627 412,355 8,141,712 6,972,508 6,918,742 7,760,588 8,884,556 126,967 91,576 81,079 67,632 - 259,959 53,027 112,567 85,241 96,166 104,096 120,048 96,538 157,313 135,407 - - - - - - - - - - 194,607 486,117 201,245 22,738 106,147 1,998 - - - - - - 336,326 360,027 223,516 7,750 - - - - 142,569 6,487,181 121,122 1,309,423 - 18,608,178 23,689,189 17,283,801 18,558,888 18,149,986 Fiscal Year 119 232 Business-type activities Charges for services: Stormwater Department Total primary government program revenues Net (Expense)/Revenue Governmental activities Business-type activities Total primary government net expense General Revenues and Other Changes in Net Position Governmental activities Property taxes Local option sales tax Other taxes and licenses Unrestricted intergovernmental Investment earnings Miscellaneous, unrestricted Loss on disposal of capital asset Contributed capital Other miscellaneous Total governmental activities Business-type activities Investment earnings Total primary government general revenues, special items and transfer Change in Net Position Governmental activities Business-type activities Total primary government (Page 4 of 4) 2017 2018 2019 2020 2021 268,050 274,882 278,791 279,446 280,429 $ 18,876,228 $ 23,964,071 $ 17,562,592 $ 18,838,334 $ 18,430,415 $ (38,595,403) $ (30,261,896) $ (40,469,714) $ (41,030,720) $ (47,487,343) 85,054 91,746 110,195 33,827 106,286 $ (38,510,349) $ (30,170,150) $ (40,359,519) $ (40,996,893) $ (47,381,057) $ 32,103,402 $ 32,143,716 $ 32,985,331 $ 34,906,804 $ 35,587,594 7,571,089 8,075,831 8,701,260 9,013,933 10,507,215 566,446 454,676 210,388 177,306 247,726 - - - - - 132,958 216,223 680,640 424,332 116,113 60,478 (560,899) - (489,170) (133,252) - - - - - (2,400,589) 694,671 905,940 581,477 1,698,193 38,033,784 41,024,218 43,483,559 44,614,682 48,023,589 - 1,654 2,208 2,554 2,554 $ 38,033,784 $ 41,025,872 $ 43,485,767 $ 44,617,236 $ 48,026,143 $ (561,619) $ 10,762,322 $ 3,013,845 $ 3,583,962 $ 536,246 85,054 93,400 112,403 36,381 108,840 $ (476,565) $ 10,855,722 $ 3,126,248 $ 3,620,343 $ 645,086 Fiscal Year 120 233 Person County, North Carolina Schedule 3 Governmental Activities Tax Revenues by Source Last Ten Fiscal Years (accrual basis of accounting) Fiscal Year Property Tax Local Sales Tax Other Tax Total 2012 27,393,771 6,045,749 305,012 33,744,532 2013 28,772,219 6,092,052 493,228 35,357,499 2014 30,883,915 6,430,850 462,739 37,777,504 2015 31,358,952 6,732,660 563,360 38,654,972 2016 31,272,619 7,058,217 698,818 39,029,654 2017 32,103,402 7,571,089 566,446 40,240,937 2018 32,143,716 8,075,831 454,676 40,674,223 2019 32,985,331 8,701,260 210,388 41,896,979 2020 34,906,804 9,013,933 177,306 44,098,043 2021 35,587,594 10,507,215 247,726 46,342,535 121 234 Person County, North Carolina Schedule 4 Fund Balances, Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) 2012 2013 2014 2015 General Fund Nonspendable -$ 99,956$ 305,868$ 101,957$ Restricted 4,134,503 5,227,556 6,226,227 4,696,872 Committed 88,995 143,466 204,718 264,569 Assigned 4,493,237 3,611,857 3,284,997 2,721,258 Unassigned 12,631,079 9,936,607 9,644,006 13,163,785 Total general fund 21,347,814$ 19,019,442$ 19,665,816$ 20,948,441$ All Other Governmental Funds Nonspendable -$ -$ 90,000$ 70,000$ Restricted 1,098,020 3,642,242 1,503,046 2,346,598 Committed 1,829,907 2,971,430 1,941,502 1,785,342 Assigned 30,000 86,474 11,700 - Unassigned - (711,840) (852,204) (217,136) Total all other governmental funds 2,957,927$ 5,988,306$ 2,694,044$ 3,984,804$ 122 235 (Page 1 of 2)(Page 2 of 2) 2016 2017 2018 2019 2020 2021 183,550$ 108,934$ 145,382$ 177,691$ 105,187$ 126,044$ 5,508,761 5,981,436 6,279,373 6,197,001 7,533,859 7,179,951 645,154 726,480 726,481 969,306 968,937 983,319 3,471,017 2,734,736 2,594,047 5,900,352 3,898,600 965,506 13,599,981 14,172,971 16,223,464 15,491,651 17,680,799 21,726,864 23,408,463$ 23,724,557$ 25,968,747$ 28,736,001$ 30,187,382$ 30,981,684$ -$ -$ -$ -$ -$ -$ 3,192,037 3,055,273 5,368,855 3,403,667 5,061,241 6,633,842 1,787,660 4,341,003 3,968,392 2,844,699 4,181,240 3,386,385 - - 698,143 627,602 - 640,925 - (483,469) (30,266) (255,018) (9,186) 1,191 4,979,697$ 6,912,807$ 10,005,124$ 6,620,950$ 9,233,295$ 10,662,343$ 123 236 Person County, North Carolina Schedule 5 Changes in Fund Balances, Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) (Page 1 of 2) 2012 2013 2014 2015 2016 Revenues Property $ 27,396,888 $ 28,723,333 $ 31,076,698 $ 30,915,707 $ 31,276,307 Sales 6,045,749 6,092,052 6,430,850 6,732,660 7,058,217 Other 305,012 296,809 326,400 348,207 477,014 Total taxes 33,747,649 35,112,194 37,833,948 37,996,574 38,811,538 Fees 395,910 424,018 424,116 516,700 433,330 Intergovernmental 9,772,122 11,838,130 11,244,979 11,457,497 11,046,450 Investment earnings 18,812 6,700 (47,531) (32,398) 52,401 Charges for services 7,525,686 7,044,549 5,951,527 5,751,890 6,404,761 Other 590,762 756,298 622,808 998,161 604,799 Total Revenues 52,050,941 55,181,889 56,029,847 56,688,424 57,353,279 Expenditures General government 5,564,747 5,502,071 5,993,331 6,020,465 5,849,007 Public safety 11,444,411 11,806,617 12,133,878 12,748,522 13,834,037 Transportation 811,686 876,455 918,658 863,199 1,007,835 Human services 15,444,531 15,949,674 16,338,419 14,534,583 14,694,995 Environmental protection 698,015 1,023,852 675,440 2,500,386 2,446,162 Economic and physical development 1,746,977 2,109,044 1,395,811 1,442,248 1,258,242 Cultural and recreational 1,490,524 1,474,427 1,583,278 2,117,676 1,731,294 Education 10,285,241 13,043,761 12,096,514 11,021,422 12,085,890 Capital projects 1,222,621 1,762,976 3,589,154 1,461,191 2,169,724 Debt service: Principal 3,381,057 3,527,943 3,685,110 3,563,836 1,979,648 Interest and other charges 654,346 575,576 522,599 423,876 408,585 Total expenditures 52,744,156 57,652,396 58,932,192 56,697,404 57,465,419 Excess of revenues over (under) expenditures (693,215) (2,470,507) (2,902,345) (8,980) (112,140) Other Financing Sources (Uses) Transfers in 1,109,158 3,921,216 2,190,561 1,200,989 2,170,034 Transfers out (1,109,158) (3,921,216) (2,190,561) (1,200,989) (2,195,123) Installment purchase obligations issued - 3,132,538 - 2,360,000 1,884,000 Capital lease obligations issued - - 223,532 207,040 1,099,125 Sale of capital assets 53,791 39,976 30,925 15,325 156,131 Total other financing sources (uses)53,791 3,172,514 254,457 2,582,365 3,114,167 Net change in fund balances $ (639,424) $ 702,007 $ (2,647,888) $ 2,573,385 $ 3,002,027 Debt service as a percentage of noncapital expenditures 8.01%7.39%7.56%7.34%4.31% 124 237 (Page 2 of 2) 2017 2018 2019 2020 2021 $ 32,078,642 $ 32,141,941 $ 33,051,014 $ 34,966,925 $ 35,827,112 7,571,089 8,075,831 8,701,260 9,013,933 10,507,215 356,461 454,676 210,388 177,306 247,726 40,006,192 40,672,448 41,962,662 44,158,164 46,582,053 573,352 578,565 596,492 650,681 725,897 11,598,701 10,312,203 10,268,281 12,210,125 11,652,532 131,895 346,990 667,713 411,899 115,870 6,550,975 7,273,032 6,419,028 5,698,082 5,771,557 493,568 699,355 910,706 586,328 1,703,129 59,354,683 59,882,593 60,824,882 63,715,279 66,551,038 5,756,073 5,944,581 6,796,127 6,880,173 8,393,239 13,461,794 13,014,359 14,325,860 14,486,793 15,894,511 1,016,508 858,553 1,212,589 1,011,707 881,606 14,806,037 15,749,375 14,681,146 13,571,410 15,748,024 3,045,427 649,558 627,054 692,482 700,940 1,653,788 1,479,461 1,144,750 1,539,942 1,501,061 1,688,993 1,784,228 1,883,322 1,976,766 1,911,945 11,266,416 10,520,135 10,779,335 11,787,235 11,759,077 4,259,925 6,538,982 7,937,483 5,478,121 4,314,086 1,826,474 1,796,246 1,884,918 1,866,039 1,772,505 394,432 370,618 564,306 393,613 272,126 59,175,867 58,706,096 61,836,890 59,684,281 63,149,120 178,816 1,176,497 (1,012,008) 4,030,998 3,401,918 4,666,974 3,141,905 3,504,408 8,782,008 7,358,158 (4,942,064) (3,468,841) (3,908,983) (8,782,008) (8,776,364) 2,285,000 4,400,000 776,086 - - - - - - - 60,478 86,946 23,577 32,728 93,501 2,070,388 4,160,010 395,088 32,728 (1,324,705) $ 2,249,204 $ 5,336,507 $ (616,920) $ 4,063,726 $ 2,077,213 4.08%4.00%4.42%4.10%3.48% 125 238 Person County, North Carolina Schedule 6 Fiscal Year Property Tax Local Sales Tax Other Tax Total 2012 27,396,888 6,045,749 305,012 33,747,649 2013 28,723,333 6,092,052 296,809 35,112,194 2014 31,076,698 6,430,850 326,400 37,833,948 2015 30,915,707 6,732,660 348,207 37,996,574 2016 31,276,307 7,058,217 477,014 38,811,538 2017 32,078,642 7,571,089 356,461 40,006,192 2018 32,141,941 8,075,831 454,676 40,672,448 2019 33,051,014 8,701,260 210,388 41,962,662 2020 34,966,925 9,013,933 177,306 44,158,164 2021 35,827,112 10,507,215 247,726 46,582,053 General Govenmental Tax Revenues by Source Last Ten Fiscal Years (modified accrual basis of accounting) 126 239 Person County, North Carolina Schedule 7 Assessed Value and Actual Value of Taxable Property Last Ten Fiscal Years (Page 1 of 2) Commercial Fiscal Residential and Industrial Industrial Present-use Personal Year Property Property (6) Property (6) Value (1) Property 2012 2,115,957,821 350,088,048 - 88,159,285 552,081,607 2013 2,046,536,959 389,719,494 - 91,468,827 725,549,333 2014 (5) 2,309,609,512 416,429,268 - 110,582,155 730,291,185 2015 2,317,684,346 426,682,434 - 112,156,063 666,236,563 2016 2,206,654,052 426,359,519 - 122,245,652 814,937,206 2017 2,227,240,421 428,570,249 - 123,815,353 883,731,276 2018 2,260,294,438 417,808,197 - 127,826,715 881,797,478 2019 2,099,071,038 527,044,234 111,069,448 125,314,460 900,763,236 2020 2,122,746,270 530,203,079 112,428,482 129,433,664 863,963,542 2021 2,152,328,184 538,428,716 114,742,147 133,384,450 892,083,967 Source: Annual County Report of Valuation and Property Tax Levies Notes: (1) Present use value property is agricultural, horticultural and forestland for which the owner has applied for the property to be taxed at its present use. The difference in taxes on the present use basis and the taxes that would have been payable are a lien on the property and are deferred. The taxes become due if the property ceases to qualify for present use value. The preceding three fiscal years taxes are then required to be paid. (2) Public service companies valuations are provided to the County by the North Carolina Department of Revenue. These amounts include both real and personal property. (3) Per $100 of value. (4) The estimated market value is calculated by dividing the assessed value by an assessment-to-sales ratio determined by the State Department of Revenue. The ratio is based on actual property sales which took place during the fiscal year. (5) Property revaluation is typically performed every four years. The last reassessment was implemented on January 1, 2013, meeting the eight year minimum time period for property revaluation. This was the basis for fiscal 2014 taxes. (6) The prior tax office software did not differentiate between Commercial and Industrial Property value. Therefore, this column is presented as a sum of the two in those years.. Real Property 127 240 (Page 2 of 2) Total Estimated Assessed Total Taxable Direct Actual Value as a Public Service Assessed Tax Taxable Percentage Companies (2)Value Rate (3) Value (4)of Actual Value (4) 775,604,593 3,881,891,354 0.700 3,885,388,203 100% 822,660,836 4,075,935,449 0.700 4,079,607,095 100% 810,293,511 4,377,205,631 0.700 4,306,154,089 102% 848,831,812 4,371,591,218 0.700 4,328,308,137 101% 865,247,565 4,435,443,994 0.700 4,525,963,259 98% 888,270,969 4,551,628,268 0.700 4,713,294,261 97% 889,051,094 4,576,777,922 0.700 5,009,989,997 91% 877,589,870 4,640,852,286 0.700 5,156,502,540 90% 845,688,750 4,604,463,787 0.730 4,945,213,718 93% 920,233,559 4,751,201,023 0.720 5,249,945,882 91% 128 241 Person County, North Carolina Schedule 8 Property Tax Rates Direct and Overlapping Governments Last Ten Fiscal Years Fiscal Year Ended June 30 County Basic Rate Fire District Tax Rate (1) Total Direct Rate City of Roxboro (2) 2012 0.700$ -$ 0.700$ 0.614$ 2013 0.700 - 0.700 0.630 2014 0.700 - 0.700 0.660 2015 0.700 - 0.700 0.660 2016 0.700 - 0.700 0.670 2017 0.700 - 0.700 0.670 2018 0.700 - 0.700 0.670 2019 0.700 0.0100 0.710 0.670 2020 0.730 0.0275 0.758 0.670 2021 0.720 0.0275 0.7475 0.670 Notes: (1) Established in FY2019 to assist fire departments that have limited resources available for funding (2) Municipality is excluded from paying the Fire District Tax County of Person Direct Rates Overlapping Rates Levied by Municipality 129 242 Person County, North Carolina Schedule 9 Principal Property Tax Payers Current Year and Nine Years Ago (Page 1 of 2) Percentage of Total Assessed Assessed Taxpayer Type of Business Valuation Rank Valuation Duke Energy Public utility $ 856,874,916 1 1.16% Spuntech Manufacturer 55,221,449 2 1.22% CertainTeed Manufacturer 57,896,329 3 1.09% GKN Automotive, Inc. Manufacturer 51,604,522 4 1.07% Eaton Corporation Manufacturer 50,889,706 5 0.85% US Flue Cured Tobacco Growers Manufacturer 40,194,224 6 0.93% Lousiana Pacific Corp Manufacturer 44,240,346 7 0.60% Piedmont EMC Public utility 28,286,475 8 0.26% Altec Capital Finance Company 12,244,621 9 0.52% DLP Person Memorial Hospital Service Provider 24,909,681 10 0.00% NC Eastern Municipal Power Agency Public utility North Park Drive, LLC Manufacturer 9,992,149 Cogentrix of NC, Inc. Private Utility Boise Cascade(former Georgia Pacific) Manufacturer 18,382,905 Totals $ 1,250,737,323 26.32% Source: Person County Tax Department Fiscal Year 2021 130 243 (Page 2 of 2) Percentage of Total Assessed Assessed Valuation Rank Valuation 703,412,895 1 18.20% 38,773,826 4 1.00% 52,308,218 2 1.35% 34,863,951 6 0.90% 38,537,883 5 1.00% 26,333,775 8 0.68% 49,631,665 3 1.28% 30,806,084 7 0.80% 20,932,517 9 0.54% 17,212,231 10 0.45% 1,012,813,045 26.21% Fiscal Year 2011 131 244 Person County, North Carolina Schedule 10 Property Tax Levies and Collections Last Ten Fiscal Years Net Collections Total Tax and Adjustments Fiscal Levy for Percentage of in Subsequent Percentage of Year Fiscal Year Amount Original Levy Years (Note 1) Amount Adjusted Levy 2012 27,077,081 26,448,394 97.68% 606,599 27,054,993 99.92% 2013 27,206,121 26,561,528 97.63% 620,458 27,181,986 99.91% 2014 28,565,618 27,910,626 97.71% 630,811 28,541,437 99.92% 2015 30,622,680 30,227,699 98.71% 373,673 30,601,372 99.93% 2016 31,084,929 30,737,959 98.88% 320,103 31,058,062 99.91% 2017 31,882,532 31,506,743 98.82% 341,116 31,847,859 99.89% 2018 32,070,704 31,666,404 98.74% 353,747 31,666,404 98.74% 2019 32,502,011 32,127,667 98.85% 301,513 32,127,667 98.85% 2020 33,682,129 33,312,102 98.90% 259,184 33,312,102 98.90% 2021 34,255,502 34,025,269 99.33% - 34,025,269 99.33% Source:Person County Tax Department Note 1: Collected within the Total Net Collections and Fiscal Year of the Levy Adjustments to Date Figure includes credits and other adjustments not significant to the total subsequent years' collections. 132 245 Person County, North Carolina Schedule 11 Ratios of Outstanding Debt by Type Last Ten Fiscal Years Governmental Activities General Installment Total Percentage Fiscal Obligation Purchase Capital Primary Per of Personal Year Bonds Agreements Leases Government Capita (1) Income (1) 2012 - 14,740,000 189,798 14,929,798 381 1.21% 2013 - 14,438,120 96,273 14,534,393 370 1.12% 2014 - 10,849,283 223,532 11,072,815 283 0.82% 2015 - 9,645,448 343,175 9,988,623 255 0.72% 2016 - 9,870,612 1,121,487 10,992,099 280 0.76% 2017 2,285,000 8,351,776 801,284 11,438,060 291 0.76% 2018 2,132,667 11,357,940 551,207 14,041,814 357 0.93% 2019 1,980,334 10,029,104 896,640 12,906,078 327 0.84% 2020 1,828,001 8,720,268 491,771 11,040,040 279 N/A* 2021 1,675,668 7,281,432 310,435 9,267,535 228 N/A* * Information not yet available Notes: Details regarding the county's outstanding debt can be found in the notes to the financial statements. (1) See Schedule 15 for personal income and population data. These ratios are calculated using personal income and population for the prior calendar year. 133 246 Person County, North Carolina Schedule 12 Ratios of Net General Bonded Debt Outstanding Last Ten Fiscal Years Percentage General Percentage of Actual Fiscal Obligation of Personal Taxable Value Per Year Bonds Income (1)of Property (2)Capita (1) 2011 -$ 0.00%0.00%-$ 2012 - 0.00%0.00%- 2013 - 0.00%0.00%- 2014 - 0.00%0.00%- 2015 - 0.00%0.00%- 2016 - 0.00%0.00%- 2017 2,285,000 0.16%0.05%58 2018 2,132,667 0.14%0.05%54 2019 1,980,334 0.13%0.04%50 2020 1,828,001 N/A*0.04%46 2021 1,675,668 N/A*0.04%42 Notes: Details regarding the County's outstanding debt can be found in the notes to the Financial Statements. * Information not yet available (1) See Schedule 15 for personal income and population data. These ratios are calculated using personal income and population for the prior calendar year. (2) See Schedule 7 for property value data. 134 247 Person County, North Carolina Schedule 13 Legal Debt Margin Information Last Ten Fiscal Years (dollars in thousands) 2012 2013 2014 2015 Assessed Value of Property $ 3,881,891 $ 4,075,935 $ 4,377,206 $ 4,371,591 Debt Limit, 8% of Assessed Value (Statutory Limitation)310,551 326,075 350,176 349,727 Amount of Debt Applicable to Limit - - - - Legal Debt Margin $ 310,551 $ 326,075 $ 350,176 $ 349,727 Total net debt applicable to the limit as a percentage of debt limit 0.00% 0.00% 0.00% 0.00% Legal debt margin Note: NC Statute G.S.159-55 limits the county's outstanding debt to 8% of the appraised value of property subject to taxation. The legal debt margin is the difference between the debt limit and the county's debt outstanding applicable to the limit, and represents the county's legal borrowing authority. 135 248 (Page 1 of 2)(Page 2 of 2) 2016 2017 2018 2019 2020 2021 $ 4,435,444 $ 4,551,628 $ 4,576,778 $ 4,640,852 $ 4,604,464 4,751,201 354,836 364,130 366,142 371,268 368,357 380,096 - 2,285 2,133 1,980 1,828 1,675 $ 354,836 $ 361,845 $ 364,010 $ 369,288 $ 366,529 378,421 0.00% 0.63% 0.58% 0.53% 0.53% 0.44% Legal Debt Margin Calculation: Assessed value subject to taxation $ 4,751,201 Debt limitation (8% of assessed value subject to taxation) 380,096 Debt applicable to the limit General Obligation bonds 1,675 $ 378,421 136 249 Person County, North Carolina Schedule 14 Direct and Overlapping Governmental Activities Debt As of June 30, 2021 Estimated Share of Estimated Direct and Debt Percentage Overlapping Governmental Unit Outstanding Applicable Debt Debt repaid with property taxes: City of Roxboro -$ na -$ Other debt City of Roxboro Capitalized leases 1,010,657 14.48% 146,317 Installment purchase obligations 2,224,371 14.48% 322,031 Subtotal, overlapping debt 468,348 Person County direct debt 9,267,535 Total direct and overlapping debt 9,735,883$ Sources: Notes: Assessed value data used to estimate applicable percentages provided by the Person County Tax Office. Debt outstanding data provided by each governmental unit. Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the County. This schedule estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents and businesses of Person County. This process recognizes that, when considering the County's ability to issue and repay long term debt, the entire burden borne by the residents and businesses should be taken into account. However, this does not imply that every taxpayer is a resident - and therefore responsible for repaying the debt - of each overlapping government. For other debt the percentage of overlapping debt applicable is estimated using the City of Roxboro's property tax levy divided by Person County's property tax levy. This is the same ratio used to allocate sales tax revenues, which are levied by Person County and collected by the State of North Carolina, between the City and County. 137 250 Person County, North Carolina Schedule 15 Demographic and Economic Statistics Last Ten Fiscal Years Personal Per Public Number of Income (2) Capita & Charter Building (thousands Personal Schools Unemployment Inspections Year Population (1) of dollars) Income (2) Enrollment Rate (3) Performed (4) 2012 39,512 1,226,622$ 31,237$ 5,742 10.40% 5,259 2013 39,176 1,234,358 31,428 5,631 10.00%5,223 2014 39,240 1,295,779 33,113 5,637 6.20%5,859 2015 39,117 1,356,681 34,557 5,611 7.20%6,630 2016 39,191 1,389,038 35,359 5,671 5.50%6,422 2017 39,283 1,445,743 36,722 5,590 4.30%6,569 2018 39,370 1,509,255 38,202 4,370 4.40%7,232 2019 39,507 1,544,791 39,119 5,494 5.00%8,116 2020 40,450 N/A*N/A*5,469 7.70%8,461 2021 39,097 N/A*N/A*5,251 4.90%7,367 * Information not yet available. Notes: (1) NC Office of Budget and Management. Certified population estimates are as of beginning of fiscal year. (2) Bureau of Economic Analysis, U. S. Department of Commerce. Figures are for the prior calendar year. (3) NC Department of Commerce, Annual Average for ending fiscal year. (4) Total number of inspections performed by Person County Inspections Department. Does not include inspections by municipalities. 138 251 Person County, North Carolina Schedule 16 Principal Employers Current Year and Nine Years Ago 2021 2012 Percentage Percentage of Total County of Total County Employer Employees Rank Employment Employees Rank Employment Person County Board of Education 646 1 3.70%644 1 3.60% GKN Automotive Components 628 2 3.60%382 5 2.14% Person County Government 382 3 2.19%400 4 2.24% Polywood 337 4 1.93% Duke Energy Progress 328 5 1.88%400 3 2.24% Person Memorial Hospital 259 6 1.48%270 7 1.51% Spuntech 192 7 1.10% Eaton Corporation 159 8 0.91%218 8 1.22% Wal-Mart Associates, Inc.154 9 0.88%214 9 1.20% Louisiana-Pacific 146 10 0.84% Piedmont Community College 133 - - 428 2 2.39% US Flue Cured Tobacco 94 - - 121 10 0.68% North American Aerodynamics - - - 357 6 2.00% Source: Person County Economic Development 139 252 Person County, North Carolina Schedule 17 Full-time Equivalent County Government Employees by Function Last Ten Fiscal Years Function/Program 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 General government 42 47 49 53 54 57 59 60 64 57 Public safety 134 140 162 141 149 174 181 195 165 176 Transportation 12 12 12 10 11 14 14 15 15 18 Human services Social Services 83 83 92 97 99 95 101 101 101 104 Public Health 41 50 50 48 47 43 36 33 21 26 Other 32 27 25 25 23 28 25 27 26 22 Environmental protection 2222222 2 2 2 Economic and physical development 5845579 6 6 7 Cultural and recreation 16 16 27 25 28 33 29 28 29 29 Total 367 385 423 406 418 453 456 467 429 441 Source: County Finance Department Note: This schedule represents number of persons employed as of June 30 of each year. Vacant positions are not included in the above numbers. Full time personnel work 1,950 or 2,080 hours per year depending on job classification (less vacation and sick leave). 140 253 Person County, North Carolina Schedule 18 Operating Indicators by Function Last Ten Fiscal Years (Page 1 of 2) 2012 2013 2014 2015 Function Public Safety/Sheriff's Department & Jail Incident Reports 1,865 1,695 1,550 3,442 Calls for Service 17,393 20,447 23,417 19,054 Criminal Papers 5,316 3,510 6,466 6,790 Arrest Reports 3,001 2,949 2,208 2,097 Civil Papers 4,646 3,595 4,012 3,119 Gun Permits 563 947 645 693 Jail bookings 2,163 2,167 2,116 2,162 Average daily population 105 111 124 127 Public Safety/Communications Number of calls dispatched (includes Sheriff, Roxboro Police, Fire, EMS & Rescue calls) 58,095 62,019 57,016 54,367 Public Safety/Code Enforcement Number of Building Permits Issued 312 281 282 334 Number of Mobile Home Permits Issued 22 36 33 36 Number of Other Permits Issued (Includes Electrical, Plumbing & Mechanical)582 632 593 601 Community Services/Library Items Added to Collection 5,215 4,790 5,123 4,700 Circulation 191,249 191,775 201,275 213,539 Internet Use 22,507 19,148 21,566 18,421 Program Attendance 6,910 6,399 6,090 8,227 Human Services/Social Services Average # Adult Medicaid Eligible Cases 2,478 2,542 2,598 4,288 Average # Family & Child Medicaid Cases 3,020 3,220 3,265 4,492 Average # Households Receiving Food Stamps 3,761 3,902 3,980 3,969 Average $ Fraud Collections per Month 5,205 5,759 4,727 6,064 Education Public Schools enrollment 4,775 4,625 4,567 4,562 Charter Schools enrollment 967 1,006 1,070 1,049 Culture and Recreation Total park acreage 187 187 187 187 Number of parks 10 10 10 11 Sources: Sheriff's Department Jail Emergency Communications Code Enforcement Public Library Department of Social Services Public Schools Recreation, Arts & Parks 141 254 (Page 2 of 2) 2016 2017 2018 2019 2020 2021 1,403 1,467 1,404 2,588 1,887 2,055 16,177 18,598 14,931 14,310 12,353 14,630 4,851 3,093 2,622 2,903 1,264 1,710 1,858 2,444 3,426 1,762 712 1,079 4,031 3,719 3,936 4,170 2,103 3,172 742 677 642 537 1,587 1,586 1,795 2,005 1,892 2,093 1,180 1,300 95 106 102 104 70 61 47,967 48,070 46,307 43,529 43,219 41,310 325 382 423 406 424 576 39 47 53 45 46 44 628 555 550 590 565 868 5,585 5,621 5,417 5,118 3,502 6,036 188,564 191,170 154,924 140,751 136,474 114,013 23,139 24,159 12,944 12,014 8,436 2,136 12,606 11,913 7,630 7,864 3,410 2,722 3,806 3,757 3,916 3,873 4,441 4,200 3,435 3,408 3,647 3,755 5,028 5,463 3,906 3,511 3,295 3,158 3,106 3,532 4,675 3,739 4,823 5,018 3,868 1,487 4,550 4,470 4,350 4,370 4,326 4,260 1,121 1,120 1,108 1,124 1,143 991 222 222 222 222 222 222 12 12 12 12 12 12 142 255 Person County, North Carolina Schedule 19 Capital Asset Statistics by Function Last Ten Fiscal Years 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Function Public Safety Sheriff/Police (Stations)2223333333 Correction facility capacities 136 136 136 136 136 136 136 136 136 136 Fire stations 14 14 14 15 15 15 15 15 14 14 Highways and streets Paved 724 725 726 676* 676 677 677 677 677 677 Unpaved 49 48 47 34* 34 34 34 34 34 34 Culture and recreation Parks 10 10 10 11 12 12 12 12 12 12 Libraries 1111111111 Education Schools 10 10 10 10 10 10 10 10 10 12 Sources: Sheriff's Department Jail Inspections NC Department of Transportation Recreation, Arts & Parks Public Library Public Schools *FY15 information shows a decrease in road miles due to previously inflated numbers reported by NCDOT. 143 256 COMPLIANCE SECTION COMPLIANCE SECTION 257 elliottdavis.com Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards The Board of County Commissioners Person County Roxboro, North Carolina We have audited, 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, the 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 Person County, North Carolina (the “County”), as of and for the year ended June 30, 2021, and the related notes to the financial statements, which collectively comprise the County’s basic financial statements, and have issued our report thereon dated October 29, 2021. Our report includes a reference to other auditors who audited the financial statements of the the County ABC Board and the Person County Tourism Development Authority Board as described in our report on Person County’s financial statements. This report does not include the results of the other auditors’ testing of internal control over financial reporting or compliance and other matters that are reported on separately by those auditors. The financial statements of the Person County ABC Board and the Person County Tourism Development Authority Board were not audited in accordance with Government Auditing Standards. Internal Control over Financial Reporting In planning and performing our audit of the financial statements, we considered the County’s internal control over financial reporting (“internal control”) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the County’s internal control. Accordingly, we do not express an opinion on the effectiveness of the County’s internal control. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider material weaknesses. However, material weaknesses may exist that have not been identified. 258 145 Compliance and Other Matters As part of obtaining reasonable assurance about whether the County’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. Purpose of This Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the County’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the County’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose. Raleigh, North Carolina October 29, 2021 259 elliottdavis.com Independent Auditor’s Report on Compliance for Each Major Federal Program; Report on Internal Control over Compliance; In Accordance with OMB Uniform Guidance and the State Single Audit Implementation Act The Board of County Commissioners Person County Roxboro, North Carolina Report on Compliance for Each Major Federal Program We have audited Person County, North Carolina’s (the “County”) compliance with the types of compliance requirements described in the OMB Compliance Supplement and the Audit Manual for Governmental Auditors in North Carolina, issued by the Local Government Commission, that could have a direct and material effect on each of the County's major federal programs for the year ended June 30, 2021. The County’s major federal programs are identified in the summary of auditor’s results section of the accompanying Schedule of Findings and Questioned Costs. Management’s Responsibility Management is responsible for compliance with the Federal and State statutes, regulations, and the terms and conditions of its federal awards applicable to its federal programs. Auditor’s Responsibility Our responsibility is to express an opinion on compliance for each of the County’s major federal programs based on our audit of the types of compliance requirements referred to above. We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and the State Single Audit Implementation Act. Those standards, the Uniform Guidance, and the State Single Audit Implementation Act require that we plan and perform the audit to obtain reasonable assurance about whether noncompliance with the types of compliance requirements referred to above that could have a direct and material effect on a major federal program occurred. An audit includes examining, on a test basis, evidence about the County’s compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion on compliance for each major federal program. However, our audit does not provide a legal determination of the County’s compliance. Opinion on Each Major Federal Program In our opinion, the County complied, in all material respects, with the types of compliance requirements referred to above that could have direct and material effect on each of its major federal programs for the year ended June 30, 2021. 260 147 Report on Internal Control over Compliance Management of the County is responsible for establishing and maintaining effective internal control over compliance with the types of compliance requirements referred to above. In planning and performing our audit of compliance, we considered the County’s internal control over compliance with the types of requirements that could have a direct and material effect on a major federal program to determine our auditing procedures that are appropriate in the circumstances for the purpose of expressing our opinion on compliance for each major federal program and to test and report on internal control over compliance in accordance with the Uniform Guidance, but not for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, we do not express an opinion on the effectiveness of the County’s internal control over compliance. A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a federal program on a timely basis. A material weakness in internal control over compliance is a deficiency, or combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a type of compliance requirement of a federal program will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in internal control over compliance is a deficiency, or combination of deficiencies, in internal control over compliance with a type of compliance requirement of a federal program that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance. Our consideration of internal control over compliance was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control over compliance that might be significant deficiencies or material weaknesses and therefore, material weaknesses or significant deficiencies may exist that were not identified. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. We did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses. However, we did identify a certain deficiency in internal control over compliance, as described in the accompanying Schedule of Findings and Questioned Costs as item 2021-001 that we consider to be a significant deficiency. The County’s response to the internal control over compliance finding identified in our audit is described in the accompanying Schedule of Findings and Questioned Costs and Corrective Action Plan. The County’s response was not subjected to the auditing procedures applied in the audit of compliance and, accordingly, we express no opinion on the response. The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requirements of the Uniform Guidance. Accordingly, this report is not suitable for any other purpose. Raleigh, North Carolina October 29, 2021 261 elliottdavis.com Independent Auditor’s Report on Compliance for Each Major State Program; Report on Internal Control over Compliance; In Accordance with OMB the Uniform Guidance; and the State Single Audit Implementation Act The Board of County Commissioners Person County Roxboro, North Carolina Report on Compliance for Each Major State Program We have audited Person County, North Carolina’s (the “County”) compliance with the types of compliance requirements described in the Audit Manual for Governmental Auditors in North Carolina, issued by the Local Government Commission, that could have a direct and material effect on each of the County’s major state programs for the year ended June 30, 2021. The County’s major state programs are identified in the summary of auditor’s results section of the accompanying Schedule of Findings and Questioned Costs. Management’s Responsibility Management is responsible for compliance with state statutes, regulations and the terms and conditions of its state awards applicable to its state programs. Auditor’s Responsibility Our responsibility is to express an opinion on compliance for each of the County’s major state programs based on our audit of the types of compliance requirements referred to above. We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and applicable sections of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), as described in the Audit Manual for Governmental Auditors in North Carolina and the State Single Audit Implementation Act. Those standards, Uniform Guidance, and the State Single Audit Implementation Act require that we plan and perform the audit to obtain reasonable assurance about whether noncompliance with the types of compliance requirements referred to above that could have a direct and material effect on a major state program occurred. An audit includes examining, on a test basis, evidence about the County’s compliance with those requirements and performing such other procedures, as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion on compliance for each major state program. However, our audit does not provide a legal determination of the County's compliance. Opinion on Each Major State Program In our opinion, the County complied, in all material respects, with the types of compliance requirements referred to above that could have a direct and material effect on each of its major state programs for the year ended June 30, 2021. 262 149 Report on Internal Control over Compliance Management of the County is responsible for establishing and maintaining effective internal control over compliance with the types of compliance requirements referred to above. In planning and performing our audit, we considered the County’s internal control over compliance with the types of requirements that could have a direct and material effect on each major state program to determine the auditing procedures that are appropriate in the circumstances for the purpose of expressing an opinion on compliance for each major state program and to test and report on internal control over compliance in accordance with the Uniform Guidance and the State Single Audit Implementation Act but not for the purpose of expressing an opinion on the effectiveness of the County’s internal control over compliance. Accordingly, we do not express an opinion on the effectiveness of the County’s internal control over compliance. A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a state program on a timely basis. A material weakness in internal control over compliance is a deficiency, or combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a type of compliance requirement of a state program will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a type of compliance requirement of a state program that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance. Our consideration of internal control over compliance was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control over compliance that might be significant deficiencies or material weaknesses. We did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. However, we did identify a certain deficiency in internal control over compliance, as described in the accompanying Schedule of Findings and Questioned Costs as item 2021-001 that we consider to be a significant deficiency. The County’s response to the internal control over compliance finding identified in our audit is described in the accompanying Schedule of Findings and Questioned Costs and Corrective Action Plan. The County’s response was not subjected to the auditing procedures applied in the audit of compliance and, accordingly, we express no opinion on the response. The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requirements of the Uniform Guidance. Accordingly, this report is not suitable for any other purpose. Raleigh, North Carolina October 29, 2021 263 Person County, North Carolina Schedule of Findings and Questioned Costs For the year ended June 30, 2021 150 I. SUMMARY OF AUDITOR’S RESULTS Financial Statements Type of report the auditor issued on whether the financial statements audited were prepared in accordance with GAAP: Unmodified Internal control over financial reporting: Material weakness(es) identified? _ Yes _ X No Significant deficiency(ies) identified? _ Yes _X None reported Noncompliance material to the financial statements noted? _ Yes _X_ No Federal Awards Internal control over major federal programs: Material weakness(es) identified? _ Yes _X No Significant deficiency(ies) identified? _X Yes _ None reported Type of auditor’s report issued on compliance for major programs: Unmodified Any audit findings disclosed that are required to be reported in accordance 2 CFR 200.516(a)? __ Yes _X No Identification of major federal programs: CFDA Number Name of Federal Program or Cluster 93.778 Medicaid Cluster 10.551, 10.561 Food and Nutrition Services Cluster 21.019 Coronavirus Relief Fund Dollar threshold used to distinguish between type A and type B programs: $ 750,000 Auditee qualified as low-risk auditee? No State Awards Internal control over major state programs: Material weakness(es) identified? _ Yes _X_ No Significant deficiency(ies) identified? _X_ Yes __ None reported Type of auditor’s report issued on compliance for major programs: Unmodified Any audit findings disclosed that are required to be reported in accordance with the State Single Audit Implementation Act: _ Yes _ X No Identification of major state programs: State Aid to Public Libraries Public School Building Capital Fund General Aid to Counties School Nurse Funding Initiative Juvenile Crime Prevention Program 264 Person County, North Carolina Schedule of Findings and Questioned Costs For the year ended June 30, 2021 160 I. SUMMARY OF AUDITOR’S RESULTS, Continued Other major state programs include Medical Assistance Program (Medicaid) which has a state match on the federal programs. Therefore, this program has been included in the list of major federal programs above. II. FINANCIAL STATEMENT FINDINGS NONE III. FEDERAL AWARD FINDINGS AND QUESTIONED COSTS Finding 2021-001, Significant Deficiency over Eligibility Information on the federal program: Medicaid Cluster (Medicaid), CFDA 93.778, U.S. Department of Health and Human Services, passed through the N.C Department of Health and Human Services, Division of Medical Assistance. Criteria or specific requirement: Per the North Carolina Medicaid Assistance Program (Medicaid; Title XIX) Compliance Supplement and the DSS manuals (Aged, Blind and Disabled manual, Family and Children Medicaid manual and the Integrated Policy manual), case files for individuals or families receiving assistance are required to retain documentation to evidence appropriate eligibility determination, including: • Verification of DMV records • FL-2 or Service Request Form for Long Term Care or Cap files • Accurate computation of total countable resources Conditions: We noted that in six instances, the case record did not contain evidence of register of deeds inspection. In five instances, the case record did not contain FL-2 or Service Request Form. In one instance, the case record did not contain all countable resources in NCFAST. Context: We sampled 93 payments from a total population of 841,463 payments. We noted the above conditions in 9 of the 93 case files inspected. Effect: Case files not containing all required documentation result in a risk that the County could provide services to individuals not eligible to receive such services or that such services could be denied to eligible individuals. Subsequent to being notified that required documentation had not been retained in case files, the County was able obtain documentation to substantiate that the applicants tested were eligible to receive benefits. Cause: The County did not retain required documentation in case files at the time eligibility was determined. Recommendation: We recommend that the County train and monitor employees on the eligibility determination process. We also recommend the County review and amend current policy and procedures in place to ensure that all eligibility determination documentation is completed and retained by the County. IV. STATE AWARD FINDINGS AND QUESTIONED COSTS Findings 2021-001, as listed in Section III Federal Award Findings and Questioned Costs are also considered to be a state award finding. 265 152 DEPARTMENT OF SOCIAL SERVICES Post Office Box 770 355B South Madison Boulevard Roxboro, North Carolina 27573-0770 (336) 599-8361 Fax (336) 597-9339 Corrective Action Plan    Finding 2021‐001, Significant Deficiency over Eligibility    Recommendation: We recommend that the County train and monitor employees on the  eligibility determination process. We also recommend the County review and amend current  policy and procedures in place to ensure that all eligibility determination documentation is  completed and retained by the County.  Corrective Action Plan: Management concurs with the finding and recommendation.  Management has held unit meetings and trainings with the unit regarding the errors.  Management has implemented having staff to scan and upload/attach verifications used to  determine eligibility into NCFAST. Management has implemented mandatory use of using a  processing checklist when processing cases when determining eligibility.     Proposed Completion Date: October 29, 2021     Name of Contact: Carlton Paylor, DSS Director & Brittany Majors, Program Manager  PERSON COUNTY 266 PERSON COUNTY FINANCE OFFICE Person County Office Building 304 South Morgan Street, Room 219 Roxboro, North Carolina 27573-5245 (336) 597-1726 FAX (336) 599-1609 Status of Prior Year Findings Finding 2020‐1, Material Weakness over Cybersecurity Current status: Person County has partnered with a Security Operations Center that monitors network activity and anti-virus alerts 24/7. Anomalies are reported to IT as they occur via email. All critical events are reported to IT immediately via a phone call. Multiple policies and procedures have been updated in response to the cyber event, including the Acceptable Use Policy and the Security Awareness Policy. Additional security measures have been put in place such as multi-factor authentication for all IT users and privileged accounts, separate accounts for standard access and privileged access per user needing such access, and monitoring/patching vulnerabilities as they become known. Person County is dedicated to maintaining the security and integrity of its systems and will continue to make improvements to its infrastructure in an effort to keep up with the constantly evolving threat landscape. Finding 2020‐2, Significant Deficiency over Check Dating Current status: Person County's accounts payable system is fully operational and processing invoice payments under normal procedures. Staff is better prepared to address the treatment of payments and accruals with the use of QuickBooks or any other third-party program if required to use outside of the County's primary software system. Finding 2020‐3, Significant Deficiency over Accounts Payable Cutoff Current status: The Finance Department has obtained additional staffing and re-organized tasks to fully focus on the review of all invoices and supplemental documents to ensure that accurate posting is a priority between reporting years. Finding 2020‐4, Significant Deficiency over Reconciliation of Records Current status: Reconcilement of all funds and accounts are being performed on a periodic basis to prevent balancing issues at fiscal year-end. A break from this process was unavoidable during the cyber incident since the majority of data and systems were not in place for a portion of FY2020 and beginning of FY2021. Restoration was completed by December 2020, and all reports are now being reconciled on a timely basis. Finding 2020‐005, Significant Deficiency over Eligibility Current status: The Income Maintenance Management team continues to meet monthly with staff to ensure that all policy and procedural changes are discussed and implemented. Supervisors conduct individual conferences with staff to monitor progress on goals set for the prior month and upcoming month. They also discuss cases and challenges with caseloads and 153 267 assist with solutions, as needed. Second party reviews are done monthly to capture any trending errors. If any errors are found with internal control or eligibility, the supervisor implements preventive measures to ensure the errors are minimized and training is provided for staff, if needed. A documentation outline tool is in place. Every staff member processing a case, whether it be an application or recertification, is required to use this tool to document the name, date of birth, income, etc. and ensure it is attached to NCFAST under Income Support. Having the documentation in a centralized location will help other caseworkers needing to find information that may be vital to their processing. Finding 2020‐006, Material Weakness over Eligibility Current status: The Income Maintenance Management team continues to upload all documents used for verifying/determining eligibility into the State system (NCFAST). Income Maintenance Supervisors continue to meet with staff to review processing expectations for areas of identified need. All staff have been given additional resources for reference and to utilize when determining eligibility, including: Processing Checklists, Coversheets, Step by Step Guides, Evidence Management Protocol Tools, Documentation Outlines and PowerPoints. These tools are revised, as needed, according to changes that come from the State to remain in compliance. Supervisors provide refresher trainings and meet with staff as terminal messages from the State are shared to ensure everyone is informed. Questions are referred to the Medicaid Operational Support Team Rep for clarity. Finding 2020‐007, Significant Deficiency over Eligibility Current status: The Income Maintenance Management team continues to monitor cases by conducting second party reviews monthly and spot-checking cases daily. The management team continues to provide not only refresher trainings, but over the shoulder support as well as peer-to-peer training when necessary. New hires receive over the shoulder support from supervisor as well as peer-to-peer shadowing. New hires read policy and have knowledge checks to ensure the information they are reading is being retained. Checklists are provided to staff when processing cases to make sure that they are reviewing all requirements in order to process the case(s). When the State has webinars that provide information on a policy change or procedure, staff are asked to join, review the information and discuss afterwards to identify any remaining questions. Finding 2020‐8, Material Weakness over Activities Allowed or Unallowed and Allowable Costs/Costs Principles Current status: Accounts payable staff is verifying that all PO forms are attached to applicable invoices and stored in files to be accessed in hard copy form should there be no access to electronic copies during a similar event. Payroll and approver reports are also printed and securely stored after each pay period that includes the time worked by employees and the approvers that authorized their time. 154 268 PERSON COUNTY, NORTH CAROLINA SCHEDULE OF EXPENDITURES OF FEDERAL AND STATE AWARDS FOR THE YEAR ENDED JUNE 30, 2021 State/Federal Pass-through (Direct & Passed-through Federal AL#/Grantor's Pass-through) State to CFDA No.Number Expenditures Expenditures Subrecipients Federal Awards: U.S. Department of Agriculture: Passed-Through N.C. Department of Health and Human Services Division of Social Services: SNAP Cluster State Administrative Matching Grants for the Supplemental Nutrition Assistance Program 10.561 530,789$ -$ -$ Passed-Through N.C. Department of Health and Human Services Division of Public Health: Administration: Special Supplemental Nutrition Program for Women, Infant, & Children 10.557 189,890 - - Total U.S. Department of Agriculture 720,679 - - U.S Election Assistance Commission HAVA CARES Act Grant 90.404 121,985 - - Total U.S. Election Assistance Commission 121,985 - - Department of Homeland Security Passed-Through NC Department of Public Safety: Emergency Management Performance Grants 97.042 39,378 - - Total U.S. Department of Homeland Security 39,378 - - U.S. Department of Transportation: Federal Transit Administration (FTA) Passed through the N.C. Department of Transportation: Formula Grants for Rural Areas 20.509 406,439 9,044 - Federal Aviation Administration (FAA) Passed through the N.C. Department of Transportation: Airport Improvement Program 20.106 154,975 - - Total U.S. Department of Transportation 561,414 9,044 - U.S. DEPARTMENT OF THE TREASURY Passed-through NC Office of Management and Budget, NC Pandemic Recovery Office: Coronavirus Relief Fund 21.019 1,069,468 - 414,734 Passed-through the NC Department of Transportation: Vaccine Transportation 21.019 3,127 - - Operating Project 21.019 330,431 - - Passed through the NC Department of Health and Human Resources: Infection Prevention Support 21.019 72,419 - - CARES activities 21.019 25,914 - - ELC Enhancing Detection Activities 21.019 237,303 - - Crisis Response 21.019 13,500 - - Vaccination Program 21.019 171,281 - - Total U.S. Department of the Treasury 1,923,443 - 414,734 U.S. Department of Health and Human Services: Division of Aging and Adult Services Passed through Kerr Tar Council of Governments: Aging Cluster: Special Programs for the Aging-Title III B Grants for Supportive Services 93.044 121,797 239,537 361,334 and Senior Centers Special Programs for the Aging-Title III C Nutrition Services 93.045 53,956 2,947 56,903 Family Caregier Support 93.052 3,628 242 3,870 Nutrition Services Incentive Program 93.053 937 - 937 Total Aging Cluster 180,318 242,726 423,044 Passed-Through the N.C. Department of Health and Human Services Division of Social Services: Foster Care and Adoption Cluster: (Note 4) Foster Care - Title IV-E Administration 93.658 252,916 18,133 - COVID-19 - Foster Care - Title IV-E Supplemenral Funding 93.658 36,800 - - Adoption Assistance Administration 93.659 5,208 - - Foster Care - Title IV-E 93.658 286,842 63,833 - Total Foster Care and Adoption Cluster (Note 4)581,765 81,966 - Temporary Assistance for Needy Families Cluster: TANF-Work First Total Temporary Assistance for Needy Families (TANF) 93.558 276,632 - - Child Support Enforcement 93.563 439,748 - - Low-Income Home Energy Assistance: Crisis Intervention Program 93.568 193,795 - - Administration 93.568 29,701 - - Grantor/Pass-Through Grantor / Program Title 155 269 PERSON COUNTY, NORTH CAROLINA SCHEDULE OF EXPENDITURES OF FEDERAL AND STATE AWARDS FOR THE YEAR ENDED JUNE 30, 2021 State/Federal Pass-through (Direct & Passed-through Federal AL#/Grantor's Pass-through) State to CFDA No.Number Expenditures Expenditures SubrecipientsGrantor/Pass-Through Grantor / Program Title COVID-19 - LIHEAP 93.568 108,462 - - Energy Assistance Program-Direct Benefit Payments 93.568 220,528 - - Total Low-Income Home Energy Assistance 552,486 - - Stephanie Tubbs Jones Child Welfare Services Program Permanency Planning-Families for Kids 93.645 9,967 - - Social Service Block Grant (SSGB) Adult Day Care (Division of Adult and Aging Services) 93.667 - 9,468 - In-Home Services 93.667 8,229 - - Adult Protective Services 93.667 38,669 - - COVID-19 - Adult Protective Services 93.667 5,344 - - Child Protective Services - TANF to SSBG 93.667 73,794 - - COVID-19 - Child Protective Services 93.667 22,540 - - Social Services Block Grant Administration 93.667 286,488 - - Total Social Service Block Grant (SSGB)435,063 9,468 - Chafee Foster Care Independence Program 93.674 14,296 3,087 - Family Preservation 93.556 27,247 - - Total Division of Social Services 2,337,205 94,522 - Passed-through the N.C. Dept. of Health and Human Services: Division of Child Development and Early Education: Subsidized Child Care Child Care Development Fund Cluster: Division of Social Services: Child Care and Development Mandatory and Match Fund - Administration 93.596 80,000 - - Total Child Care Development Fund Cluster 80,000 - - Total Subsidized Childcare Cluster 80,000 - - Passed-through the N.C. Dept. of Health and Human Services: Division of Social Services Administration: Children's Health Insurance Program - N.C. Health Choice 93.767 44,017 484 - Passed-through the N.C. Dept. of Health and Human Services: Division of Social Services Medicaid Cluster Administration Medical Assistance Program 93.778 1,650,676 4,461 - Center for Disease Control and Prevention Passed-Through N.C. Department of Health and Human Services: Division of Public Health: Hospital Preparedness Program (HPP) and Public Health Emergency Preparedness (PHEP) Aligned Cooperative Agreements 93.074 31,510 - - Project Grants and Cooperative Agreements for Tuberculosis Control Programs 93.116 29 - - Preventive Health and Health Services Block Grant funded solely with Prevention and Public Health Funds (PPHF) 93.758 30,607 3,747 - Cooperative Agreements for Emergency Response 93.354 13,500 PPHF Capacity Building Assistance to Strengthen Public Health Immunization Infrastructure and Performance financed in part by Prevention and Public Health Funds 93.268 10,466 - - Total Centers for Disease Control and Prevention 86,112 3,747 - Health Resources and Service Administration: Passed-Through the N.C. Department of Health and Human Services: Division of Public Health: Maternal and Child Health Services Block Grant 93.994 1,322 10,433 - Office of Population Affairs: Passed-Through the N.C. Department of Health and Human Services: Family Planning Services 93.217 38,375 - - Total U.S. Department of Health and Human Services 4,418,026 356,373 423,044 U.S. Department of Justice: Criminal Division Equitable Sharing Program 16.922 55,383 - - Total U.S. Department of Justice 55,383 - - U.S. Office of Library Services: Institute of Museum and Library Services Library Services and Technology Act (LSTA) Program COVID-19 45.310 2,000 - - Library Services and Technology Act (LSTA) Program 45.311 39,786 Total U.S.Office of Library Services 41,786 - - Total Federal Awards 7,882,093 365,417 837,778 156 270 PERSON COUNTY, NORTH CAROLINA SCHEDULE OF EXPENDITURES OF FEDERAL AND STATE AWARDS FOR THE YEAR ENDED JUNE 30, 2021 State/Federal Pass-through (Direct & Passed-through Federal AL#/Grantor's Pass-through) State to CFDA No.Number Expenditures Expenditures SubrecipientsGrantor/Pass-Through Grantor / Program Title State Awards: N.C. Department of Cultural and Natural Resources: Division of State Library State Aid to Public Libraries - 93,733 - N.C. Department of Public Instruction Public School Building Capital Fund - 188,975 - N.C. Department of Heath and Human Services: Division of Social Services: SFHF Maximization - Direct - 165,767 - Foster Care at Risk - Direct - 2,417 - State Foster Care Benefits Program - Direct - 84,764 - CWS - Direct Benefits Payments - 88,024 - Energy Program - 16,455 - Incent/Program Integrity - - - CPS Expansion - 100,778 - Total Division of Social Services - 458,204 - Division of Public Health: General Aid to Counties - 85,814 - General Communicable Disease Control - 4,398 - Tuberculosis - 6,119 - Breast Cancer and Cervical Cancer Control - - - TB Medical Services - 299 - School Nurse Funding Initative - 150,000 - Food and Lodging Fees - 6,091 - Child Health - 15,994 - Healthy Communities Activities 34,354 Maternal Health (HMHC)- 882 - HMHC - Family Planning - 15,601 - WHSF - 7,043 - HIV/STD State - 400 - HIV/STD SSBG Aid - 100 - Total Division of Public Health - 327,095 - Total N.C. Department of Health and Human Resources - 785,300 - N.C. Department of Public Safety Governor's Crime Commission JCPC Funds - 152,855 138,847 N.C. Department of Transportation: State Aid to Airports - 37,757 - Total N.C. Department of Transportation - 37,757 - N.C. Department of Environmental Quality: Division of Soil and Water Conservation: Soil and Water Distribution Grant - 29,314 - Total N.C. Department of Environmental Quality - 29,314 - N.C. Department of Information Technology: Emergency Telephone System Fund - 14,018 Total N.C. Department of Information Technology - 14,018 - Total State Awards - 1,301,951 138,847 Total Federal and State Awards 7,882,093$ 1,667,368$ 976,625$ 157 271 PERSON COUNTY, NORTH CAROLINA SCHEDULE OF EXPENDITURES OF FEDERAL AND STATE AWARDS FOR THE YEAR ENDED JUNE 30, 2021 State/Federal Pass-through (Direct & Passed-through Federal AL#/Grantor's Pass-through) State to CFDA No.Number Expenditures Expenditures SubrecipientsGrantor/Pass-Through Grantor / Program Title Notes to the Schedule of Expenditures of Federal and State Awards: Note 1: Basis of Presentation Note 2: Summary of Significant Accounting Policies Note 3: Indirect Cost Rate Person County has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. Note 4: Cluster of Programs The following are clustered by the NC Department of Health and Human Services and are treated separately for state audit requirement purposes: Subsidized Child Care and Foster Care and Adoption The accompanying schedule of expenditures of federal and State awards (SEFSA) includes the federal and State grant activity of the Person County under the programs of the federal government and the State of North Carolina for the year ended June 30, 2021. The information in this SEFSA is presented in accordance with the requirements of Title 2 US Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and the State Single Audit Implementation Act. Because the Schedule presents only a selected portion of the operations of Person County, it is not intended to and does not present the financial position, changes in net position or cash flows of Person County. Expenditures reported in the SEFSA are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. 158 272 1Person County June 30, 2021Audit PresentationAmy WehrenbergPerson County Finance Director273 2OverviewPerson County has received an unqualified opinion on financial statements ending June 30, 2021.Person County received the Certificate of Excellence in Financial Reporting for fiscal year 2019 and have submitted fiscal year 2020 and 2021 reports to the GFOA. Both are pending review.274 3Statement of Net Position2021 2020Total Assets $108,837,014 $100,936,401Total Liabilities 39,252,887 32,143,766Net Assets $ 69,584,127 $ 68,792,635Person County’s total net position increased by $791,492 from FY20 to FY21, primarily due to increases in cash generated from sales tax collections, ad valorem taxes, and other revenues.275 4Statement of Activities2021 2020Revenues$ 66,456,558 $ 63,455,570Expenditures65,811,472 59,835,227Increase in Net Position $ 791,492 $ 3,620,343Beginning Net Position 68,792,635 65,172,292Ending Net Position $ 69,584,127 $ 68,792,635As a result of higher service demands during the pandemic, both government-wide revenue and expenditure activity increased in FY21. Revenues increased by a larger margin than expenditures, causing the net surplus.276 Governmental Revenues554%16%0%1%17%0%9%3%Ad valorem taxesLocal option sales taxesOther taxes & licensesFeesIntergovernmentalInvestment earningsCharges for servicesOther277 6Governmental Expenditures13%25%2%25%1%2%3%19%3%7%General governmentPublic safetyTransportationHuman servicesEnvironmental protectionEconomic and physical developmentCultural and recreationalEducationDebt ServiceCapital outlay278 7Fund Balance-All Governmental FundsFund Balance reserves for all governmental funds increase by more than $2.2M in FY21. The majority of this increase ($1.5M) occurs as a result of the General Fund contributions to the Economic Catalyst Fund and the new Capital Investment Fund. The remaining $700K increase was in the General Fund.279 8General Fund –Unassigned Fund BalanceUnassigned Fund Balance in the General Fund significantly increases by $4M for FY21. Besides the larger revenue collections for sales tax and ad valorem taxes, a major contributor is the approximate $3M drop in pledged fund balance appropriation for FY22. 280 9General Fund –Unassigned Fund Balance(as a % of Expenditures)The amount of Unassigned Fund Balance in the General Fund increased as a percentage of expenditures and outgoing transfers by 4.6%. This increase is the result of a large increase in revenues, as well as the reduction in the restricted portion of fund balance. 281 10General Fund RevenuesBudget and ActualActual revenue collections exceeded the final budget by almost $2.1M in the General Fund.282 11General Fund ExpendituresBudget and ActualActual expenditures reported under budget by approximately $6.7M in the General Fund.283 12General FundAppropriated Fund BalanceAlthough around $7.7M was appropriated in fund balance for FY21 in the General Fund, there was no use of reserves since actual revenues exceeded expenditures by over $1.1M at the end of the fiscal year.284 13Sales & Use Tax Revenues(Last 10 fiscal years)The approximate $1.5M increase in sales tax revenues is a major contributor to why Person County reports an overall increase in net position for FY21.285 14Adjusted Tax Levy(Last 10 years)286 15Tax Collection Percentages(Last 10 years)287 16288 Person County Report to the Board of Commissioners For the year ended June 30, 2021 Contacts: Tom McNeish, Shareholder 919.334.6180 tom.mcneish@elliottdavis.com Jami Crampton, Manager 919.987.2766 jami.crampton@elliottdavis.com 289 Board of Commissioners Person County Roxboro, North Carolina To the Members of the Board of Commissioners: We are pleased to present this report related to our audit of the consolidated financial statements of Person County (the “County”) as of and for the year ended June 30, 2021. This report summarizes certain matters required by professional standards to be communicated to you in your oversight responsibility for the County’s financial reporting process. This report is intended solely for the information and use of the County Council and management and is not intended to be, and should not be, used by anyone other than these specified parties. It will be our pleasure to respond to any questions you have about the foregoing. We appreciate the opportunity to continue to be of service to you. Raleigh, North Carolina October 29, 2021 elliottdavis.com290 PERSON COUNTY Report to the Board of Commissioners Table of Contents Executive Summary................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................1 Required Communications About the Financial Statement Audit: Audit Planning Process................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................3 Materiality in Planning and Executing the Audit................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................3 Internal Control Relevant to the Audit................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................3 Auditor’s Responsibility Under Professional Standards................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................4 Significant Accounting Policies................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................4 Management Judgments and Accounting Estimates................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................4 Financial Statement Disclosures................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................5 Uncorrected and Corrected Misstatements................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................5 Management Representations................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................6 Disagreements with Management................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................6 Consultations with Other Accountants................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................6 Significant Issues Discussed with Management................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................6 Difficulties Encountered in Performing the Audit................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................6 Certain Written Communications Between Management and Our Firm................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................6 Appendices: Appendix A Summary of Recorded Audit Adjustments................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................7 Appendix B Summary of Uncorrected Audit Misstatements................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................8 Appendix C Material Written Communications................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................9 Management Letter Representation Letter 291 PERSON COUNTY Report to the Board of Commissioners Executive Summary The following is a high level executive summary of required communications by the auditor related to conduct of the audit to those who have responsibility for the oversight of the financial reporting process. Audit Planning Process Our audit approach placed a strong emphasis on obtaining an understanding of how your County functions. We assessed inherent risk and evaluated the design effectiveness of internal control over financial reporting and our assessment of control risk and then determined the nature, timing and extent of tests of controls and substantive procedures necessary given the risks identified and the controls as we understand them. Materiality in Planning and Executing the Audit We established a materiality limit that effectively represents the maximum aggregate amount of pretax misstatements, which if detected and not corrected, would cause us to modify our opinion on the consolidated financial statements. Our assessment of materiality throughout the audit was based on both quantitative and qualitative considerations. Internal Control Relevant to the Audit We obtained an understanding of internal control sufficient to plan the audit and to determine the nature, timing and extent of audit procedures to be performed. Our audit was not designed to provide assurance on internal control and was not undertaken for the purpose of expressing an opinion on the effectiveness of internal control. Auditor's Responsibility Under Professional Standards Our responsibility under the standards of the AICPA has been described to you in our engagement letter dated February 5, 2021. We are also responsible for communicating significant matters related to the audit that are, in our professional judgment, relevant to your responsibilities in overseeing the financial reporting process. Our audit of the consolidated financial statements does not relieve you or management of your respective responsibilities. Significant Accounting Policies The County’s significant accounting policies are disclosed in Note 1 of the consolidated financial statements. We noted no significant new accounting policies that were adopted and no changes in existing significant accounting policies during the current period. We noted no transactions entered into by the County during the year that were both significant and unusual. There were no instances in the current year related to transactions for which alternative accounting treatments are allowable under accounting principles generally acceptable in the United States of America. Management Judgments and Accounting Estimates Depreciation and Estimated Useful Lives of Fixed Assets Pension Plan Accounting Financial Statement Disclosures The disclosures in the consolidated financial statements appear to be neutral, consistent and clear. Certain financial statement disclosures are particularly sensitive because of their significance to financial statement users. elliottdavis.com 1292 PERSON COUNTY Report to the Board of Commissioners Executive Summary, continued Uncorrected and Corrected Misstatements Audit Adjustments – Audit adjustments recorded by the County are shown on the attached “Summary of Audit Adjustments”, Appendix A. Uncorrected Misstatements – Uncorrected misstatements are summarized in the attached “Summary of Uncorrected Audit Misstatements”, Appendix B. Management Representations We have requested certain written representations from management that are included in the management representation letter dated October 29, 2021. A copy of that correspondence is included in Appendix C for your information. Disagreements with Management No disagreements with management arose during the course of the audit. Consultations with Other Accountants We are not aware of any consultations with other accountants by management of the County regarding auditing and accounting matters. Significant Issues Discussed with Management No significant issues arising from the audit were discussed or were the subject of correspondence with management. Difficulties Encountered in Performing the Audit We did not encounter any difficulties in dealing with management relating to the performance of our audit and we appreciate the cooperation received. Certain Written Communications Between Management and Our Firm Attached in Appendix C are copies of certain other written communications between management and Elliott Davis, PLLC. elliottdavis.com 2293 PERSON COUNTY Report to the Board of Commissioners Required Communications about the Financial Statement Audit AU-C Section 260, The Auditor’s Communications With Those Charged With Governance, and other professional and regulatory standards require the auditor to communicate certain matters related to the conduct of an audit to those who have responsibility for the oversight of the financial reporting process. The following summarizes these communications. Audit Planning Process Our audit approach placed a strong emphasis on obtaining an understanding of how your County functions. This enabled us to identify key audit components and tailor our procedures to the unique aspects of your County. We obtained an understanding of internal control to assess the impact of internal control on determining the nature, timing and extent of audit procedures, and we established an overall materiality limit for audit purposes. We conducted formal discussions among engagement team members to consider how and where your financial statements might be susceptible to material misstatement due to fraud or error. We used this knowledge and understanding, together with other factors, to first assess the risk that errors or fraud may cause a material misstatement at the financial statement level. The assessment of the risks of material misstatement at the financial statement level provides us with parameters within which to design the audit procedures for specific account balances and classes of transactions. Our risk assessment process at the account-balance or class-of-transactions level consists of: An assessment of inherent risk (the susceptibility of an assertion relating to an account balance or class of transactions to a material misstatement, assuming there are no related controls); and An evaluation of the design effectiveness of internal control over financial reporting and our assessment of control risk (the risk that a material misstatement could occur in an assertion and not be prevented or detected on a timely basis by the County's internal control). We then determined the nature, timing and extent of tests of controls and substantive procedures necessary given the risks identified and the controls as we understand them. Materiality in Planning and Executing the Audit In planning the audit, the materiality limit is viewed as the maximum aggregate amount of pretax misstatements, which if detected and not corrected, would cause us to modify our opinion on the consolidated financial statements. The materiality limit is an allowance not only for misstatements that will be detected and not corrected but also for misstatements that may not be detected by the audit. Our assessment of materiality throughout the audit was based on both quantitative and qualitative considerations. Because of the interaction of quantitative and qualitative considerations, misstatements of a relatively small amount could have a material effect on the current consolidated financial statements as well as consolidated financial statements of future periods. Internal Control Relevant to the Audit Our audit of the consolidated financial statements included obtaining an understanding of internal control sufficient to plan the audit and to determine the nature, timing and extent of audit procedures to be performed. An audit is not designed to provide assurance on internal control or to identify significant deficiencies or material weaknesses. Our review and understanding of the County's internal control was not undertaken for the purpose of expressing an opinion on the effectiveness of internal control. elliottdavis.com 3294 PERSON COUNTY Report to the Board of Commissioners Required Communications about the Financial Statement Audit, continued Auditor’s Responsibility Under Professional Standards As communicated in our engagement letter dated February 5, 2021, our responsibility, as prescribed by professional standards, is to form and express an opinion about whether the consolidated financial statements that have been prepared by management with your oversight are presented fairly, in all material respects, in conformity with accounting principles generally acceptable in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether caused by error, fraudulent financial reporting or misappropriation of assets. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the consolidated financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. Accordingly, the audit was designed to obtain reasonable, rather than absolute, assurance about the consolidated financial statements. We believe that our audit accomplished that objective. We are also responsible for communicating significant matters related to the audit that are, in our professional judgment, relevant to your responsibilities in overseeing the financial reporting process. However, we are not required to design procedures specifically to identify such matters. Our audit of the consolidated financial statements does not relieve you or management of your respective responsibilities. Significant Accounting Policies Management is responsible for the selection and use of appropriate accounting policies. A summary of the significant accounting policies adopted by the County is included in Note 1 to the consolidated financial statements. Adoption of, or Change in, Accounting Policies Management has the ultimate responsibility for the appropriateness of the accounting policies used by the County. Management has represented to us that the County did not adopt any significant new accounting policies nor have there been any changes in existing significant accounting policies during the current period which should be brought to your attention for approval. Significant or Unusual Transactions We noted no transactions entered into by the County during the year that were both significant and unusual, and that, under professional standards, we are required to inform you of, or a transaction in controversial or emerging areas for which there is a lack of authoritative guidance or consensus. Alternative Treatments Discussed with Management We have had discussions with management regarding the accounting treatment for certain transactions. However, there were no instances in the current year in which discussions revolved around transactions for which alternative accounting treatments are allowable under accounting principles generally acceptable in the United States of America. Management Judgments and Accounting Estimates The preparation of the consolidated financial statements requires management of the County to make a number of estimates and assumptions relating to the reported amounts of assets and liabilities and the disclosure of assets and liabilities at the date of the consolidated financial statements and the reported amounts of income and expenses during the period. These estimates are an integral part of the consolidated financial statements prepared by management and are based upon management's current judgments. The process used by management encompasses their knowledge and experience about past and current events and certain assumptions about future events. Certain accounting estimates are particularly sensitive because of their significance to the consolidated financial statements and because of the possibility that future events affecting the estimates may differ markedly from management’s current judgments. elliottdavis.com 4295 PERSON COUNTY Report to the Board of Commissioners Required Communications about the Financial Statement Audit, continued The following describes the significant management judgments and accounting estimates reflected in the County’s June 30, 2021 consolidated financial statements: Depreciation and Estimated Useful Lives of Fixed Assets The County capitalizes costs of fixed assets acquired. Assets are depreciated using straight-line methods over the estimated useful lives of the respective assets. The County estimates the useful lives of fixed assets based on the period over which the assets are expected to be available for use or the term of the lease for leasehold improvements. The estimated useful lives of property, plant and equipment are reviewed periodically and are updated if expectations differ from previous estimates due to physical wear and tear, technical or commercial obsolescence and legal or other limits on the use of the relevant assets. In addition, the estimation of the useful lives of property, plant and equipment is based on internal technical evaluation and experience with similar assets. The estimated lives are determined by management considering factors such as the inherent nature of the type and/or category of asset, the expected time the asset is expected to be in service, lease term for leasehold improvements, and pace of market and/or technology change that might cause more rapid impairment or obsolescence. Management reviews the carrying value of fixed assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Pension Plan Accounting Accounting for pension benefits, costs and related liabilities are developed using actuarial valuations. These valuations include various assumptions determined by management. Two critical assumptions are discount rate and expected long-term rate of return on plan assets. The discount rate is intended to mirror the yield on high-quality fixed income investments at the measurement date. A lower discount rate increases the present value of benefit obligations and increases pension expense and a higher discount rate has an inverse impact on the benefit obligations and pension expense. The expected long-term rate of return on plan assets is based on the historical and expected returns on various categories of plan assets. Material changes in pension costs may occur in the future due to changes in these assumptions. Financial Statement Disclosures The disclosures in the consolidated financial statements appear to be neutral, consistent, and clear. Certain financial statement disclosures are particularly sensitive because of their significance to financial statement users. Uncorrected and Corrected Misstatements Professional standards require us to accumulate all known and likely misstatements identified during the audit, other than those that are trivial, and communicate them to the appropriate level of management. Audit Adjustments Audit adjustments recorded by the County are shown on the attached “Summary of Recorded Audit Adjustments”, Appendix A. Uncorrected Misstatements Uncorrected misstatements are summarized in the attached “Summary of Uncorrected Audit Misstatements”, Appendix B. elliottdavis.com 5296 PERSON COUNTY Report to the Board of Commissioners Required Communications about the Financial Statement Audit, continued Management Representations We have requested certain written representations from management that are included in the management representation letter dated October 29, 2021. A copy of that correspondence is included in Appendix C for your information. Disagreements with Management For the purposes of this communication, professional standards define a disagreement with management as a matter, whether or not resolved to our satisfaction, concerning a financial accounting, reporting or auditing matter that could be significant to the County’s consolidated financial statements or the auditor’s report. No such disagreements arose during the course of the audit. Consultations with Other Accountants Management may consult with other accountants about auditing and accounting matters on certain situations. If a consultation involves the application of an accounting principle to the County’s consolidated financial statements or a determination of the type of auditor’s opinion that may be expressed on those statements, our professional standards require the consulting accountant to notify us to determine that the consulting accountant has all the relevant facts. To our knowledge, and as management has informed us, there were no such consultations with other accountants regarding auditing and accounting matters. Significant Issues Discussed with Management We generally discuss a variety of matters, including the application of accounting principles and auditing standards, with management each year prior to retention as the County’s auditors. However, these discussions occurred in the normal course of our professional relationship and our responses were not a condition to our retention. No other significant issues arising from the audit were discussed or were the subject of correspondence with management. Difficulties Encountered in Performing the Audit We did not encounter any difficulties in dealing with management relating to the performance of our audit and we appreciate the cooperation received. Certain Written Communications Between Management and Our Firm Attached in Appendix C are copies of certain other written communications between management and Elliott Davis, PLLC. elliottdavis.com 6297 Person County Year End: June 30, 2021 Appendix A - Summary of Corrected Misstatements Date: 7/1/2020 To 6/30/2021 Number Date Name Account No Debit Credit AJE #2 6/30/2021 Accrued Closure & PC Cost 950.0000.268000.00 950 12,460.00 AJE #2 6/30/2021 Accrued Closure & PC Cost 950.0000.268000.00 950 5,798.02 AJE #2 6/30/2021 Fund Balance 950.0000.299000.00 950 12,460.00 AJE #2 6/30/2021 Fund Balance 950.0000.299000.00 950 5,798.02 Landfill Closure Adjustemnt AJE #3 6/30/2021 Vehicles 910.0000.176000.00 910 2,027.86 AJE #3 6/30/2021 Construction In Progress 910.0000.179000.00 910 109,731.50 AJE #3 6/30/2021 Investmt In FA-Gen Govt 910.0000.293100.00 910 109,731.50 AJE #3 6/30/2021 Investmt In FA-Transportation 910.0000.293400.00 910 2,027.86 To record CIP/Capital Asset misstatements AJE #4 6/30/2021 LGERS Net Pension Liability 910.0000.268000.00 910 8,677,708.00 AJE #4 6/30/2021 LGERS Deferred Inflows 910.0000.268001.00 910 151,894.00 AJE #4 6/30/2021 LGERS Deferred Outflows 910.0000.268002.00 910 2,962,788.00 AJE #4 6/30/2021 LGERS Deferred Outflows - Contributions 910.0000.268003.00 910 1,920,053.00 AJE #4 6/30/2021 Fund Balance 910.0000.299000.00 910 3,946,761.00 To record LGERS Pension Expense & Liability at 6/30/2021 AJE #5 6/30/2021 Net OPEB Liability 910.0000.268008.00 910 9,588,416.00 AJE #5 6/30/2021 OPEB Deferred Outlflows 910.0000.268009.00 910 5,442,153.00 AJE #5 6/30/2021 OPEB Deferred Inflows 910.0000.268010.00 910 342,913.00 AJE #5 6/30/2021 Fund Balance 910.0000.299000.00 910 4,489,176.00 To record OPEB expense and liability as of 6/30/2021. AJE #6 6/30/2021 LEOSSA Deferred Outflows 910.0000.267008.00 910 872,168.00 AJE #6 6/30/2021 LEOSSA Deferred Inflows 910.0000.267009.00 910 47,694.00 AJE #6 6/30/2021 LEOSSA Pension Liability 910.0000.268007.00 910 2,685,736.00 AJE #6 6/30/2021 Fund Balance 910.0000.299000.00 910 1,861,262.00 To record LEOSSA pension expense and liability as of 6/30/2021. AJE #7 6/30/2021 ROD Pension Asset (Liability)910.0000.268004.00 910 72,322.00 AJE #7 6/30/2021 ROD Deferred Inflows 910.0000.268005.00 910 9,281.00 AJE #7 6/30/2021 ROD Deferred Outflows 910.0000.268006.00 910 8,632.00 AJE #7 6/30/2021 Fund Balance 910.0000.299000.00 910 71,673.00 To record ROD pension expense and liability as of 6/30/2021. AJE #8 6/30/2021 2006 IFC Reroof&Paving-Princip 950.0000.275052.00 950 400,000.00 AJE #8 6/30/2021 2006 IFC Reroof&Paving-Princip 950.0000.275052.00 950 400,000.00 AJE #8 6/30/2021 2015 IFC-Material Rec. Facilit 950.0000.275055.00 950 100,000.00 AJE #8 6/30/2021 2015 IFC-Material Rec. Facilit 950.0000.275055.00 950 100,000.00 AJE #8 6/30/2021 2010 IFC-CH Renov & Reroofing 950.0000.275056.00 950 150,000.00 AJE #8 6/30/2021 2010 IFC-CH Renov & Reroofing 950.0000.275056.00 950 300,000.00 AJE #8 6/30/2021 2012 SMS & PHS Roofing (QSCAB)950.0000.275057.00 950 208,836.00 AJE #8 6/30/2021 2012 SMS & PHS Roofing (QSCAB)950.0000.275057.00 950 208,836.00 AJE #8 6/30/2021 Elections 950.0000.275059.00 950 7,660.00 AJE #8 6/30/2021 911 Equipment Lease #1 950.0000.275060.00 950 141,063.00 AJE #8 6/30/2021 911 Equipment Lease #2 950.0000.275061.00 950 26,119.00 AJE #8 6/30/2021 911 Equipment Lease #2 950.0000.275061.00 950 100,930.00 AJE #8 6/30/2021 School, Roxplex & Rec Repairs 950.0000.275062.00 950 180,000.00 AJE #8 6/30/2021 School, Roxplex & Rec Repairs 950.0000.275062.00 950 100,000.00 AJE #8 6/30/2021 GO Rec Bonds 950.0000.275063.00 950 152,333.00 AJE #8 6/30/2021 GO Rec Bonds 950.0000.275063.00 950 152,333.00 AJE #8 6/30/2021 2018 Schools & Equipment 950.0000.275064.00 950 400,000.00 AJE #8 6/30/2021 2018 Schools & Equipment 950.0000.275064.00 950 200,000.00 AJE #8 6/30/2021 EMS Ambulance Loan 950.0000.275065.00 950 155,217.00 AJE #8 6/30/2021 EMS Ambulance Loan 950.0000.275065.00 950 155,217.00 AJE #8 6/30/2021 Fund Balance 950.0000.299000.00 950 1,617,252.00 AJE #8 6/30/2021 Fund Balance 950.0000.299000.00 950 2,021,292.00 10/29/2021 1:29 PM Page 1 298 Person County Year End: June 30, 2021 Appendix A - Summary of Corrected Misstatements Date: 7/1/2020 To 6/30/2021 Number Date Name Account No Debit Credit To record principal payments AJE #9 6/30/2021 Accrued Interest 950.0000.269000.00 950 4,916.00 AJE #9 6/30/2021 Fund Balance 950.0000.299000.00 950 4,916.00 To record accrued interest for FY21. AJE #10 6/30/2021 Vacation Pay 950.0000.277300.00 950 164,757.97 AJE #10 6/30/2021 Fund Balance 950.0000.299000.00 950 164,757.97 To true up accrued vacation pay. AJE #11 6/30/2021 Uncommitted Funds 410.0000.381000.20 410 332,208.00 AJE #11 6/30/2021 Interest Earnings 410.0000.381491.20 410 16,625.00 AJE #11 6/30/2021 Transfer From Fund 10 410.0000.398010.70 410 2,951,415.00 AJE #11 6/30/2021 Huck Sansbury Bleachers Replac 410.4260.556300.20 410 33,400.00 AJE #11 6/30/2021 Roof-Allnsvl,Hel,HM,Lghst,Mayo 410.4260.558200.20 410 187,568.00 AJE #11 6/30/2021 New Roof - Courthouse 410.4260.558900.20 410 121,870.00 AJE #11 6/30/2021 Bushy Fork Light Replacement 410.4260.560600.20 410 57,739.00 AJE #11 6/30/2021 Facilities and Use Audit 410.5911.570800.60 410 120,000.00 AJE #11 6/30/2021 Earl Bradsher Int Painting 410.5911.571100.60 410 80,000.00 AJE #11 6/30/2021 Feasibility Study-Adv Mfg Tech 410.5921.579100.60 410 62,740.00 AJE #11 6/30/2021 Info Tech Upgrades 410.5921.579200.60 410 96,835.00 AJE #11 6/30/2021 Campus Safety & Security Light 410.5921.579400.60 410 64,822.00 AJE #11 6/30/2021 Main Power Switch Replacement 410.5921.580101.60 410 75,926.00 AJE #11 6/30/2021 Computer Server Room-AC Unit 410.5921.580104.60 410 55,994.00 AJE #11 6/30/2021 Acoustical Ceiling - Bldg S 410.5921.580200.60 410 42,294.00 AJE #11 6/30/2021 Master Plan Update/Feas Study 410.5921.580600.60 410 24,060.00 AJE #11 6/30/2021 Transfer to Fund 40 410.9821.401040.70 410 2,277,000.00 AJE #13 6/30/2021 Due to Federal Government 450.0000.277279 450 3,835,235.00 AJE #13 6/30/2021 ARPA Funds 450.0000.329400.20 450 3,835,235.00 To reclass ARPA revenue to a liability. AJE #14 6/30/2021 Equipment Rent 260.4325.443000.25 260 234,360.00 AJE #14 6/30/2021 E911 EPlus Cap Lease - Prin 260.4325.475460.25 260 128,428.00 AJE #14 6/30/2021 E911 EPlus Cap Lease #2 - Prin 260.4325.475470.25 260 105,932.00 PBC - to record lease payments recorded as capital lease payments as operating lease payments. AJE #15 6/30/2021 Unfunded Pension Contribution 950.0000.224100.00 950 1,330,562.00 AJE #15 6/30/2021 ROD Pension Liability 950.0000.224200.00 950 70,498.00 AJE #15 6/30/2021 LEOSSA Pension Liability 950.0000.224300.00 950 1,442,844.00 AJE #15 6/30/2021 OPEB Liability 950.0000.224400.00 950 4,318,118.00 AJE #15 6/30/2021 Fund Balance 950.0000.299000.00 950 7,021,026.00 To reverse pension entries made by client in Fund 950 that duplicated ED entries made in Fund 910 to record Pension and OPEB liabilities. 39,974,917.35 39,974,917.35 Net Income (Loss)(1,102,836.21) Page 2 299 Person County Year End: June 30, 2021 Appendix B - Summary of Uncorrected Misstatements Date: 7/1/2020 To 6/30/2021 Number Date Name Account No Debit Credit PAJE #1 6/30/2021 Accounts Payable 100.0000.210000.00 100 576,168.64 PAJE #1 6/30/2021 Salaries And Wages 100.4110.412000.20 100 576,168.64 To record net impact of payroll liability not recorded by the County. PAJE #3 6/30/2021 Accounts Receive-PI Other Rev 230.0000.125101.00 230 5,588.00 PAJE #3 6/30/2021 MRF-Solid Waste Disposal Tax (230.0000.379700.45 230 5,588.00 To record August White Goods Disposal Tax PAJE #4 6/30/2021 Accounts Receivable-Prior Year 100.0000.125100.00 100 251,018.58 PAJE #4 6/30/2021 Local Opt Sales Tx-1 Cent 100.0000.316000.00 100 251,018.58 To record Sales Tax AR 832,775.22 832,775.22 Net Income (Loss)(270,060.99) Page 1 300 PERSON COUNTY Report to the Board of Commissioners Appendix C Material Written Communications For the Year Ended June 30, 2021 Copies of these communications are attached. elliottdavis.com 9301 elliottdavis.com To the Board of Commissioners and Management Person County Roxboro, North Carolina In planning and performing our audit of the governmental activities, the business-type activities, each major fund, the aggregate discreetly presented component units, and the aggregate remaining fund information of Person County, North Carolina (the “County”) as of and for the year ended June 30, 2021,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, we considered the County’s internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinion on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the County’s internal control. Accordingly, we do not express an opinion on the effectiveness of the County’s internal control. Our consideration of internal control was for the limited purpose described in the preceding paragraph and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Therefore, material weaknesses or significant deficiencies may exist that were not identified. However, as discussed below, we identified certain deficiencies in internal control that we consider to be internal control deficiencies. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A deficiency in design exists when (a)a control necessary to meet the control objective is missing, or (b)an existing control is not properly designed so that, even if the control operates as designed, the control objective would not be met. A deficiency in operation exists when a properly designed control does not operate as designed or when the person performing the control does not possess the necessary authority or competence to perform the control effectively. We consider the following conditions to be deficiencies in internal control that we determined did not constitute significant deficiencies or material weaknesses: 1)Segregation of Duties Criteria or specific requirement: Effective internal controls require that no single individual should have responsibilities over two or more phases of a transaction or operation, and that such responsibilities should be assigned to ensure a crosscheck of duties. Conditions:There is no formal policy in place related to adequate segregation of duties over the collections cycle within departments. For most collection points within the County, there appears to be no evidence documenting who collected, reconciled, prepared the deposit, and brought the collections to the bank. Effect: Lack of adequate segregation of duties increases the likelihood for misappropriate or error. Cause:Procedures are not in place to ensure that incompatible duties are separated amongst more than one employee, and that each step in the collections cycle is documented as occurring. 302 Person County October 29, 2021 Page 2 Recommendation:We recommend that the County review current personnel and the accounting duties that they perform, isolating overlap any incompatible accounting functions, and reassigning responsibility for these duties. We further recommend that there be physical documentation of the separation of duties and approvals for each transaction as it flows through the receipting cycle. 2)Capitalization of Projects in Progress Criteria or specific requirement: Effective internal controls over fixed assets require the proper recording of an addition to fixed assets upon acquisition of the asset or payment for work completed as it relates to the asset. This is achieved by reconciliation of the vendor invoice or amounts paid to the entry in which the addition is recorded. Conditions:There is no formal policy in place which requires the reconciliation of additions to a vendor invoice or evidence of payment by the County. In one instance capitalization of assets occurred for work not performed or paid. Effects: Improper recording of additions increases the likelihood of assets being materially misstated. Cause:Procedures are not in place to ensure that additions recorded are reconciled to vendor invoices or evidence of payments made by the County. Recommendation:We recommend that the County reconcile all recorded additions to fixed assets or projects in progress to a vendor invoice or evidence of payment made by the County for work performed.We further recommend that there be physical documentation of the reconciliation and approvals for each entry made prior to the posting of the entry in the general ledger. In accordance with Government Auditing Standards, we have also issued our report dated October 29, 2021, 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 to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the 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. As described in the schedule of findings and questioned costs which accompanies that report, we did not identify deficiencies in internal control in addition to those described above that we consider to be material weaknesses. This communication is intended solely for the information and use of management and the Board of Commissioners, and is not intended to be, and should not be, used by anyone other than these specified parties. Raleigh, North Carolina October 29, 2021 303 304 305 306 307 308 309 310