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10
<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 QUARTER ENDED SEPTEMBER 30, 2014
<br />Expenditures:
<br />Current:
<br />Governing and management
<br />4,092,920 -
<br />Major Funds
<br />Total
<br />2,405,782 -
<br />- 2,405,782
<br />County School
<br />Major
<br />- 1,732,648
<br />Human services
<br />Capital Capital
<br />Governmental
<br />Education
<br />General
<br />Improvements Improvements
<br />Funds
<br />Revenues:
<br />- 4,686,409
<br />Culture and recreation
<br />779,639 -
<br />Property taxes
<br />$ 17,914,968
<br />$ - $ -
<br />$ 17,914,968
<br />Sales tax
<br />-
<br />- -
<br />-
<br />Intergovernmental revenues
<br />3,462,090
<br />- -
<br />3,462,090
<br />Charges for services
<br />2,130,009
<br />5,321 -
<br />2,135,330
<br />Investment earnings
<br />-
<br />795 -
<br />795
<br />Licenses and permits
<br />342
<br />- -
<br />342
<br />Miscellaneous
<br />243,773
<br />- -
<br />243,773
<br />Total revenues
<br />23,751,182
<br />6,116 -
<br />23,757,298
<br />Expenditures:
<br />Current:
<br />Governing and management
<br />4,092,920 -
<br />- 4,092,920
<br />General services
<br />2,405,782 -
<br />- 2,405,782
<br />Community and environment
<br />1,732,648 -
<br />- 1,732,648
<br />Human services
<br />8,296,214 -
<br />- 8,296,214
<br />Education
<br />18,964,854 -
<br />- 18,964,854
<br />Public safety
<br />4,686,409 -
<br />- 4,686,409
<br />Culture and recreation
<br />779,639 -
<br />- 779,639
<br />Capital outlay
<br />- 2,879,310
<br />1,130,816 4,010,126
<br />Debt service:
<br />-
<br />Principal
<br />5,344,807 -
<br />- 5,344,807
<br />Interest and fees
<br />2,915,317 -
<br />- 2,915,317
<br />Total expenditures
<br />49,218,590 2,879,310
<br />1,130,816 53,228,716
<br />Revenues over (under) expenditures
<br />(25,467,408) (2,873,194)
<br />(1,130,816) (29,471,418)
<br />Other Financing Sources (Uses):
<br />Bond premium - - - -
<br />Ref ending bonds - - - -
<br />Installment loan issuances - - - -
<br />Payment to escrow agent - - - -
<br />Transfers in - - - -
<br />Transfers out - - - -
<br />Total other financing sources (uses) - - - -
<br />Net change in fund balances (25,467,408) (2,873,194) (1,130,816) (29,471,418)
<br />Fund Balances:
<br />Beginning of year - July 1 54,575,290 12,637,142 7,089,458 74,301,890
<br />Six Months Ended - December 31 $ 29,107,882 $ 9,763,948 $ 5,958,642 $ 44,830,472
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