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Exhibit D <br />ORANGE COUNTY, NORTH CAROLINA <br />STATEMENT OF REVENUES, EXPENDITURES, AND <br />CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS <br />FOR THE YEAR ENDED JUNE 30, 2012 <br />Nonmajor <br />Major Funds <br />Funds <br />CountySchoolOtherTotal <br />Capital Capital GovernmentalGovernmental <br />GeneralImprovementsImprovementsFundsFunds <br />Revenues: <br />Property taxes$ 136,485,507$ -$ -$ 4,656,071$ 141,141,578 <br />Sales tax17,562,303--709,66318,271,966 <br />Intergovernmental revenues19,794,0263,016,864-5,778,07228,588,962 <br />Charges for services9,406,210--687,87110,094,081 <br />Investment earnings51,291693,1407,4384,373756,242 <br />Licenses and permits329,265--329,265 <br />- <br />Impact fees---1,648,2351,648,235 <br />Asset management---63,57563,575 <br />824,545171,78033,759365,0151,395,099 <br />Miscellaneous <br />184,453,1473,881,78441,19713,912,875202,289,003 <br />Total revenues <br />Expenditures: <br />Current: <br />Governing and management11,946,149---11,946,149 <br />General services5,602,554--953,5106,556,064 <br />Community and environment5,613,530--6,694,76612,308,296 <br />Human services32,276,333--385,25232,661,585 <br />Education63,939,903---63,939,903 <br />Public safety18,875,222--4,188,42323,063,645 <br />Culture and recreation2,078,964---2,078,964 <br />Capital outlay-7,079,94812,699,999-19,779,947 <br />Debt service: <br />Principal18,718,055---18,718,055 <br />7,745,0707,535,123--15,280,193 <br />Interest and fees <br />166,795,78014,615,07112,699,99912,221,951206,332,801 <br />Total expenditures <br />Revenues over (under) expenditures17,657,367(10,733,287)(12,658,802)1,690,924(4,043,798) <br />Other Financing Sources (Uses): <br />Bond premium-14,195,360--14,195,360 <br />Refunding bonds-96,693,500--96,693,500 <br />Installment loan issuances531,500-21,500,000-22,031,500 <br />Payment to escrow agent-(104,030,089)--(104,030,089) <br />Transfers in1,040,000783,2435,453,620386,6487,663,511 <br />(8,654,248)--(1,374,894)(10,029,142) <br />Transfers out <br />(7,082,748)7,642,01426,953,620(988,246)26,524,640 <br />Total other financing sources (uses) <br />Net change in fund balances10,574,619(3,091,273)14,294,818702,67822,480,842 <br />Fund Balances: <br />37,284,88710,607,35311,534,6236,584,71966,011,582 <br />Beginning of year - July 1 <br />$ 47,859,506$ 7,516,080$ 25,829,441$ 7,287,397$ 88,492,424 <br />End of year - June 30 <br />The accompanying notes are an integral part of the financial statements. <br />21 <br /> <br />