Orange County NC Website
Browse       Search
ORANGE COUNTY <br />COMPREHENSIVE ANNUAL <br />FINANCIAL REPORT <br />JUNE 30, 2004 <br />Board of County Commissioners <br />November 16, 2004 <br />DISCUSSION TOPICS <br />^ General Fund Activity <br />^ Debt Position <br />^ OfherFunds <br />^ Single Audit and Grants <br />^ MUMS Implementation <br />^ Audit Results <br />^ Future Considerations <br />GENERAL FUND REVENUES <br />AND TRANSFERS <br />^ REVENUES AND TRANSFERS TOTAL <br />$926.9 MILLION <br />^ 1NCREA SE OF 6.5 % OVER 2003 <br />^ LEADING SOURCES OF REVENUE <br />Property Faxes (65.8%}, Sales Taxes (94.4%} and Intergovernmental (90.5%} <br />^ ADDITIONAL % CENTS SALES TAX FIRST FULL YEAR <br />(Generated $3.6 million, in line with budget projections) <br />PROPERTY TAXES <br />^ ASSESSED VALUE $9.7 BILLION 2004 <br />^ /NCREA SE OF 3.2 % OVER 2003 <br />^ 98.7% OF GROSS LEVY COLLECTED <br />^ REMAINS 0111E OF THE STATE'S BEST <br />GENERAL FUND EXPENDITURES <br />AND TRANSFERS <br />^ EXPENDITURES AND TRANSFERS TOTALED $929.2 MILLION <br />