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Exhibit F
<br />ORANGE COUNTY, NORTH CAROLINA
<br />GENERAL FUND
<br />STATEMENT OF REVENUES, EXPENDITURES, AND
<br />CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
<br />FOR THE YEAR ENDED JUNE 30, 2012
<br />Variance With
<br />Budgeted Amounts
<br />Final Budget
<br />OriginalFinalActualOver/(Under)
<br />Revenues:
<br />Property taxes$ 133,081,175$ 133,081,175$ 136,485,507$ 3,404,332
<br />Sales tax15,283,79015,283,79017,562,3032,278,513
<br />Intergovernmental revenues16,540,40521,156,40119,794,026(1,362,375)
<br />Charges for services9,392,2179,480,6039,406,210(74,393)
<br />Investment earnings140,000140,00051,201(88,799)
<br />Licenses and permits313,000313,000329,26516,265
<br />699,001764,728824,54559,817
<br />Miscellaneous
<br />175,449,588180,219,697184,453,0574,233,360
<br />Total revenues
<br />Expenditures:
<br />Governing and management14,072,86113,929,64911,946,149(1,983,500)
<br />General services6,089,2156,254,7785,602,554(652,224)
<br />Community and environment5,927,0496,095,9325,520,835(575,097)
<br />Human services32,523,91635,300,90432,276,333(3,024,571)
<br />Education63,939,90363,939,90363,939,903-
<br />Public safety19,699,37920,322,96018,875,222(1,447,738)
<br />Cultural and recreational2,093,9952,145,7592,078,964(66,795)
<br />Debt service:
<br />Principal18,668,93518,668,93518,718,05549,120
<br />8,686,7198,686,7197,745,070(941,649)
<br />Interest and fees
<br />171,701,972175,345,539166,703,085(8,642,454)
<br />Total expenditures
<br />Revenues over (under) expenditures 3,747,6164,874,15817,749,97212,875,814
<br />Other Financing Sources (Uses):
<br />Capital lease issuance531,600574,484531,500(42,984)
<br />Transfers in1,064,9171,064,9171,040,000(24,917)
<br />Transfers out(6,475,550)(9,864,248)(8,839,248)1,025,000
<br />1,131,4173,350,689-(3,350,689)
<br />Appropriated fund balance
<br />(3,747,616)(4,874,158)(7,267,748)(2,393,590)
<br />Total other financing sources (uses)
<br />Net change in fund balance$ -$ -10,482,224$ 10,482,224
<br />Fund Balance:
<br />37,231,363
<br />Beginning of year - July 1
<br />$ 47,713,587
<br />End of year - June 30
<br />The accompanying notes are an integral part of the financial statements.
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