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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, 2014
<br />Major Funds
<br />Total
<br />CountySchoolMajor
<br />Capital Capital Governmental
<br />GeneralImprovementsImprovementsFunds
<br />Revenues:
<br />Property taxes$ 116,738,449 $ -$ -$ 116,738,449
<br />Sales tax 2,860,835 - 254,099 3,114,934
<br />Intergovernmental revenues 7,967,082 1,161,534 - 9,128,616
<br />Charges for services 4,499,219 - - 4,499,219
<br />Investment earnings 3,828 4,143 739 8,710
<br />Licenses and permits 83,166 - - 83,166
<br />Impact fees - - -
<br /> -
<br /> 493,254 64,598 - 557,852
<br />Miscellaneous
<br /> 132,645,833 1,230,275 254,838 134,130,946
<br />Total revenues
<br />Expenditures:
<br />Current:
<br />Governing and management 6,930,840 - - 6,930,840
<br />General services 4,589,752 - - 4,589,752
<br />Community and environment 3,414,218 - - 3,414,218
<br />Human services 15,626,383 - - 15,626,383
<br />Education 37,929,707 - - 37,929,707
<br />Public safety 9,571,844 - - 9,571,844
<br />Culture and recreation 1,241,905 - - 1,241,905
<br />Capital outlay - 4,755,205 4,578,046 9,333,251
<br />Debt service: -
<br />Principal 6,101,876 - - 6,101,876
<br /> 3,922,245 - - 3,922,245
<br />Interest and fees
<br /> 89,328,770 4,755,205 4,578,046 98,662,021
<br />Total expenditures
<br />Revenues over (under) expenditures 43,317,063 (3,524,930) (4,323,208) 35,468,925
<br />Other Financing Sources (Uses):
<br />Bond premium - - - -
<br />Refunding bonds - - - -
<br />Installment loan issuances 500,000 - - 500,000
<br />Payment to escrow agent - - - -
<br />Transfers in - - - -
<br /> - - - -
<br />Transfers out
<br /> 500,000 - - 500,000
<br />Total other financing sources (uses)
<br />Net change in fund balances 43,817,063 (3,524,930) (4,323,208) 35,968,925
<br />Fund Balances:
<br /> 62,126,107 7,045,097 7,089,458 78,792,212
<br />Beginning of year - July 1
<br />$ 105,943,170 $ 3,520,167$ 2,766,250$ 114,761,137
<br />Six Months Ended - December 31
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