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Exhibit 3
<br />ORANGE COUNTY, NORTH CAROLINA
<br />GENERAL FUND
<br />STATEMENT OF REVENUES, EXPENDITURES, AND
<br />CHANGES IN FUND BALANCE - BUDGET AND ACTUAL (UNAUDITED)
<br />FOR THE YEAR ENDED DECEMBER 31, 2014
<br />Variance With
<br />Budgeted Amounts
<br />Final Budget
<br />OriginalAmendedActualEncumbrancesOver/(Under)FY2012-13
<br />Revenues:
<br />Property taxes$ 145,714,650$ 145,714,650$ 116,738,449$ - $ (28,976,201) $ 110,956,568
<br />Sales tax 19,001,962 19,001,962 2,860,835 - (16,141,127) 3,768,382
<br />Intergovernmental revenues 13,575,486 16,134,491 7,967,082 - (8,167,409) 6,966,783
<br />Charges for services 9,799,005 9,866,868 4,499,219 - (5,367,649) 4,543,191
<br />Investment earnings 105,000 105,000 3,828 - (101,172) 12,858
<br />Licenses and permits 313,000 313,000 83,166 - (229,834) 78,442
<br /> 798,065 908,589 493,254 - (415,335) 763,991
<br />Miscellaneous
<br /> 189,307,168 192,044,560 132,645,833 - (59,398,727) 127,090,215
<br />Total revenues
<br />Expenditures:
<br />Governing and management 17,550,722 17,563,722 6,930,840 357,677 (10,632,882) 7,437,794
<br />General services 9,451,951 9,482,755 4,589,752 262,073 (4,893,003) 3,993,739
<br />Community and environment 7,548,601 7,598,645 3,414,218 149,965 (4,184,427) 3,088,891
<br />Human services 32,242,706 34,550,141 15,626,383 683,856 (18,923,758) 15,668,975
<br />Education 76,847,414 76,847,414 37,929,707 - (38,917,707) 34,512,169
<br />Public safety 22,382,107 22,391,107 9,571,844 143,673 (12,819,263) 9,121,040
<br />Cultural and recreational 2,696,035 2,706,431 1,241,905 57,299 (1,464,526) 1,291,312
<br />Debt service:
<br />Principal 19,217,295 19,217,295 6,101,876 - (13,115,419) 6,848,134
<br /> 7,312,011 7,312,011 3,922,245 - (3,389,766) 4,182,041
<br />Interest and fees
<br /> 195,248,842 197,669,521 89,328,770 1,654,543 (108,340,751) 86,144,095
<br />Total expenditures
<br />Revenues over (under) expenditures (5,941,674) (5,624,961) 43,317,063 (1,654,543) 48,942,024 40,946,120
<br />Other Financing Sources (Uses):
<br />Capital lease issuance - - 500,000 - - -
<br />Transfers in 1,052,600 1,052,600 - - (1,052,600) -
<br />Transfers out (5,179,269) (5,578,286) - - 5,578,286 -
<br /> 10,068,343 10,150,647 - - (10,150,647) -
<br />Appropriated fund balance
<br /> 5,941,674 5,624,961 500,000 - (5,624,961) -
<br />Total other financing sources (uses)
<br />Net change in fund balance$ - $ - 43,817,063$ (1,654,543) $ 43,317,063$ 40,946,120
<br />Fund Balance:
<br /> 62,126,107
<br />Beginning of year - July 1
<br />$ 105,943,170
<br />Six Months Ended - December 31,
<br /> -
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