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7
<br />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 YEAR ENDED JUNE 30, 2014
<br />Expenditures:
<br />Current:
<br />Governing and management
<br />13,188,371
<br />Major Funds
<br />General services
<br />Total
<br />8,197,743
<br />Community and environment
<br />County
<br />School
<br />Major
<br />34,923,563
<br />34,923,563
<br />Capital
<br />Capital
<br />Governmental
<br />Public safety
<br />General
<br />Improvements
<br />Improvements
<br />Funds
<br />Revenues:
<br />Capital outlay
<br />-
<br />10,421,917 10,519,146 20,941,063
<br />Debt service:
<br />Property taxes
<br />$ 143,162,640
<br />$
<br />$
<br />$ 143,162,640
<br />Sales tax
<br />18,507,177
<br />- 7,690,028
<br />Total expenditures
<br />18,507,177
<br />Intergovernmental revenues
<br />19,657,120
<br />1,656,217
<br />13,514,306
<br />21,313,337
<br />Charges for services
<br />10,100,773
<br />19,698
<br />-
<br />10,120,471
<br />Investment earnings
<br />80,139
<br />13,241
<br />2,608
<br />95,988
<br />Licenses and permits
<br />313,000
<br />-
<br />-
<br />313,000
<br />Miscellaneous
<br />2,730,914
<br />-
<br />2,730,914
<br />Total revenues
<br />194,551,763
<br />1,689,156
<br />2,608
<br />196,243,527
<br />Expenditures:
<br />Current:
<br />Governing and management
<br />13,188,371
<br />13,188,371
<br />General services
<br />8,197,743
<br />8,197,743
<br />Community and environment
<br />6,700,321
<br />6,700,321
<br />Human services
<br />34,923,563
<br />34,923,563
<br />Education
<br />69,657,252
<br />69,657,252
<br />Public safety
<br />20,364,551
<br />20,364,551
<br />Culture and recreation
<br />2,520,785
<br />- - 2,520,785
<br />Capital outlay
<br />-
<br />10,421,917 10,519,146 20,941,063
<br />Debt service:
<br />-
<br />Principal
<br />17,794,843
<br />- - 17,794,843
<br />Interest and fees
<br />7,690,028
<br />- 7,690,028
<br />Total expenditures
<br />181,037,457
<br />10,421,917 10,519,146 201,978,520
<br />Revenues over (under) expenditures
<br />13,514,306
<br />(8,732,761) (10,516,538) (5,734,993)
<br />Other Financing Sources (Uses):
<br />Bond premium
<br />Refunding bonds - - -
<br />Installment loan issuances 13,627,405 4,971,676 18,599,081
<br />Payment to escrow agent - - - -
<br />Transfers in 1,558,800 697,400 5,268,980 7,525,180
<br />Transfers out (7,502,908) - -
<br />Total other financing sources (uses) (5,944,108) 14,324,805 10,240,656 26,124,261
<br />Net change in fund balances 7,570,198 5,592,044 (275,882) 20,389,268
<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 $ 62,145,488 $ 12,637,141 $ 7,089,458 $ 99,181,480
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