Orange County NC Website
<br />ORANGE COUNTY <br />COMPREHENSIVE ANNUAL <br />FINANCIAL REPORT <br />JUNE 30, 2006 <br />Board of County Commissioners <br />December 12, 2006 <br />FISCAL HIGHLIGHTS <br />• General Fund Activity <br />• Fund Balance Position <br />• Debt Position <br />• Solid Waste Landfill Fund <br />• SportsPlex Enterprise Fund <br />• Single Audit and Grants <br />• Audit Results <br />• Future Financial Challenges <br />GENERAL FUND REVENUES <br />AND TRANSFERS <br />• REVENUES AND TRANSFERS 70TAL <br />$152.4 MILLION <br />• INCREASE OF ~ 7.8 % OVER 2005 <br />• LEADING SOURCES OF REVENUE <br />Property Taxes 65.9 <br />Sales Taxes ~ 3.9 <br />Intergovernmental 7 0.4 <br />Charges for Services 6.4 <br />PROPERTY TAXES <br />• ASSESSED VALUE $~7.9 BILLION 2006 <br />• INCREASE OF 78% OVER 2005 (Revaluation) <br />• 98.9% OF GROSS LEVY COLLECTED <br />• REMAINS {aNE QF THE STATE'S BEST <br />(Statewide Average Rate 96.75%) <br />