Agenda - 01-23-2014-13 (4) - Laserfiche WebLink

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ORANGEI$COUNTY NOItTEE eZAROT NA FINANCE AND ADMINISTRATIVE SERVICES 200 South Cameron Street Clarence G.Grier,CPA,CITP,CGMA Phone(919)245-2553 Post Office Box 8181 Assistant County Manager—CFO Fax(919)644-3324 Hillsborough,North Carolina 27278 Summary Information for Major Funds as of December 3L 2013: General Fund: • Total revenues for the General Fund are$127 million for an increase of$2.1 million or 2%over the same period in fiscal year 2012-13. This revenue increase is mainly due to the timing of billing Ad Valorem Taxes. Total revenues collected are 79% of the amended budget for the current fiscal year. • Total expenditures for the General Fund are$86.1 million for an increase of$3.1 million or 4% over the same period in the previous year. Total expenditures are 31.6% of the budget for the fiscal year. • Revenues and net transfers are more than expenditures by $40.8 million representing a net decrease of$950,645 million or 2%over the same period in the previous fiscal year. Capital Funds: • The County Capital Funds revenues and other financing sources total $8.9 million compared to expenditures of approximately $5.0 million. The main revenue and financing source are the funds received for the installment financing proceeds received in July of this fiscal year. The majority of the current fiscal year expenditures related to construction cost incurred for the Buckhorn Mebane Economic Development District and communication system improvements for Emergency Services as part of the strategic plan. • The School Capital Funds expenditures total $4.2 million. The majority of the current fiscal year expenditures related to construction cost incurred for Northside Elementary (Elementary #11)and window replacements for the Chapel Hill—Carrboro City Schools District., Solid Waste Fund: • Total revenues and transfers for the Solid Waste Fund decreased 21% over the same period in the previous fiscal year to $5.3 million. Revenues and other financing sources and uses lower due to the closure of the landfill as of June 30, 2013. Total revenues collected are 40% of the amended budget for the fiscal year. • Total expenses for the Solid Waste Fund decreased 17% over the same period in the previous fiscal year to$3.3 million.Total expenditures are 25%of the budget for the fiscal year. • Revenues and transfers are greater than expenses by $1.9 million compared to greater than expenditures by$2.3 million over the same period in the previous fiscal year due to the closure of the Landfill. Sportsplex Fund: • Total revenues for the Sportsplex Fund increased 8.8% over the same period in the previous year to $201,338. This is mainly due to increased memberships and increased fees. Total revenues are 36%of the amended budget for the fiscal year. • Total expenditures for the Sportsplex Fund increased 7% over the same period in the previous fiscal year to$1.4 million.Total expenditures are 32%of the budget for the fiscal year. • Revenues and net transfers are greater than expenditures by $154,000, which is nominally the same as the previous fiscal year. An Equal Opportunity/Affirmative Action Employer www.orangecountync.gov