Orange County NC Website
Browse       Search
7 <br />ORANGE COUNTY <br />NORTH CAROLINA <br />FINANCE AND ADMINISTRATIVE SERVICES <br />200 South Cameron Street Clarence G. Grier, CPA, CITP, CGMA Phone (919) 245 -2553 <br />Post Office Box 8181 Assistant County Manager — CFO Fax (919) 644 -3324 <br />Hillsborough, North Carolina <br />27278 <br />Summary Information for Maior Funds for the Quarter Ended as of September 30, 2014 <br />The Major Fund of the County accounted for approximately 86 percent of the total annual revenues of the County. An <br />overview of financial status for each of the major funds is included in the financial statement and as follows: <br />General Fund <br />• Total revenues (revenues and transfers) for the General Fund are $23.8 million for an increase of $3.13 million or <br />15% over the same period in fiscal year 2013 -14. This revenue increase is mainly due to the timing, billing and <br />collection of Ad Valorem Taxes and Intergovernmental Revenues. Total revenues collected are 12% of the amended <br />budget for the current fiscal year. <br />• Total expenditures (expenditures and transfers) for the General Fund are $49.2 million for an increase of $3.46 <br />million or 8% over the same period in the previous year. General Fund Expenditures increased due increased <br />expenditures for Human Services and Education. Total expenditures are 24.3% of the budget for the fiscal year. <br />• Revenues and net transfers are less than expenditures by $25.5 million representing a nominal decrease over the <br />same period in the previous fiscal year. <br />Capital Funds <br />• The County Capital Funds revenues and other financing sources total $6,116 compared to expenditures of <br />approximately $2.9 million for the quarter ended September 30, 2014. The majority of the current fiscal year <br />expenditures related to construction cost incurred for the Whitted Building Meeting Room, Information <br />Technology, the McGowan Creek Cutfall, Economic Development Infrastructure projects, and communication <br />system improvements for Emergency Services as part of the strategic plan. <br />• The School Capital Funds expenditures total $1.1 million. The majority of the current fiscal year expenditures <br />related to cost incurred for capital projects for the Chapel Hill — Carrboro City School District for the quarter. <br />Solid Waste Fund <br />• Revenues and transfers for the Solid Waste Fund totaled $1.43 million for the quarter ended September 30, 2014. <br />Revenues and other financing sources and uses lower due to the closure of the landfill as of June 30, 2013. Total <br />revenues collected are 11% of the amended budget for the fiscal year. <br />• Expenses for the Solid Waste Fund totaled $2.8 million for the quarter ended September 30, 2014.Total expenses <br />are 25% of the budget for the fiscal year. <br />• Revenues and transfers are less than expenses by $1.4 million for the quarter ended September 30, 2014. <br />Sportsplex Fund <br />• Revenues for the Sportsplex Fund totaled $777,000 for the quarter ended September 30, 2014. Total revenues are <br />16% of the amended budget for the fiscal year. <br />• Expenses for the Sportsplex Fund totaled $856,622 for the quarter ended September 30, 2014. Total expenses are <br />23% of the budget for the fiscal year. <br />• Revenues and net transfers are less than expenses by $79,660. <br />1 <br />