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Exhibit 2
<br /> ORANGE COUNTY,NORTH CAROLINA
<br /> STATEMENT OF REVENUES,EXPENDITURES,AND
<br /> CHANGES IN FUND BALANCES-MAJOR GOVERNMENTAL FUNDS(UNAUDITED)
<br /> FOR THE SIX MONTHS ENDED DECEMBER 31,2013
<br /> Major Funds Total
<br /> County School Major
<br /> Capital Capital Governmental
<br /> General Improvements Improvements Funds
<br /> Revenues:
<br /> Property taxes $ 110,956,568 $ - $ - $ 110,956,568
<br /> Sales tax 3,768,382 - - 3,768,382
<br /> Intergovernmental revenues 6,966,783 15,000 - 6,981,783
<br /> Charges for services 4,543,191 37,954 - 4,581,145
<br /> Investment earnings 12,858 5,197 2,360 20,415
<br /> Licenses and permits 78,442 - - 78,442
<br /> Miscellaneous 763,991 - - 19 764,010
<br /> Total revenues 127,090,215 58,151 2,379 127,150,745
<br /> Expenditures:
<br /> Current:
<br /> Governing and management 7,437,J94 - - 7,437,794
<br /> General services 3,993,739 - - 3,993,739
<br /> Community and environment 3,088,891 - - 3,088,891
<br /> Human services 15,668,975 - - 15,668,975
<br /> Education 34,512,169 - - 34,512,169
<br /> Public safety 9,121,040 - - 9,121,040
<br /> Culture and recreation 1,291,312 - - 1,291,312
<br /> Capital outlay - 4,991,984 4,152,985 9,144,969
<br /> Debt service: -
<br /> Principal 6,848,134 - - 6,848,134
<br /> Interest and fees 4,182,041 - - 4,182,041
<br /> Total expenditures 86,144,095 4,991,984 4,152,985 95,289,064
<br /> Revenues over(under)expenditures 40,946,120 (4,933,833) (4,150,606) 31,861,681
<br /> Other Financing Sources(Uses):
<br /> Bond premium - - - -
<br /> Refunding bonds - - - -
<br /> Installment loan issuances - 8,859,497 - 8,859,497
<br /> Payment to escrow agent - - - -
<br /> Transfers in - - - -
<br /> Transfers out - - - -
<br /> Total other financing sources(uses) - 8,859,497 - 8,859,497
<br /> Net change in fund balances 40,946,120 3,925,664 (4,150,606) 40,721,178
<br /> Fund Balances:
<br /> Beginning of year-July 1 54,575,290 7,045,097 7,365,340 78,792,212
<br /> Six Months Ended-December 31 $ 95,521,410 $ 10,970,761 $ 3,214,734 $ 119,513,390
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