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<br /> General Fund Revenues Budget versus Actual
<br /> Comparative Analysis
<br /> FY2015-16 FY2015-16 YTD % FY2014-15 FY2014-15 YTD %
<br /> Category Original Budget Revised Budget YTD Actual Collected Category Original Budget Revised Budget YTD Actual Collected
<br /> Property Tax $ 147,551,332 $ 147,551,332 $120,454,187 81.6% Property Tax 145,714,650 $ 145,714,650 $117,523,829 80.7%
<br /> Local Option Sales Tax 20,652,132 20,652,132 4,321,358 20.9% Local Option Sales Tax 19,001,962 19,001,962 3,943,843 20.8%
<br /> Licenses and Permits 313,000 313,000 77,552 24.8% Licenses and Permits 313,000 313,000 83,166 26.6%
<br /> Charges for Services 10,766,030 10,807,314 4,602,324 42.6% Charges for Services 9,799,005 9,866,868 4,499,294 45.6%
<br /> Intergovernmental 15,000,278 18,524,600 7,602,005 41.0% Intergovernmental 13,575,486 16,354,491 7,967,007 48.7%
<br /> Transfers from Other Funds 1,052,600 1,052,600 - 0.0% Transfers from Other Funds 1,052,600 1,052,600 - 0.0%
<br /> Investment Earnings 52,500 52,500 5,656 10.8% Investment Earnings 105,000 105,000 3,726 3.5%
<br /> Miscellaneous 737,468 972,934 645,499 66.3% Miscellaneous 798,065 934,769 520,650 55.7%
<br /> Fund Balance Appropriation 10,650,770 10,826,066 - 0.0% Fund Balance Appropriation 10,068,343 10,150,647 - 0.0%
<br /> General Fund Revenues 206,776,110 210,752,478 137,708,580 65.3% General Fund Revenues 200,428,111 203,493,987 r$134,541,516 66.1%
<br /> • FY 2015-16 General Fund revenues are on target with the adopted budget; through the second quarter $137.7
<br /> million or 65.3% of budgeted revenues has been collected as compared to $134.5 million or 66.1% in the prior
<br /> year
<br /> • Property Tax revenues totals $120.4 million or 81.6% of Budgeted Revenues compared to $117.5 million or
<br /> 80.7% in the prior year; increased collections attributed to expedited processing of returned mailings; the
<br /> remaining amount of property tax revenues will be collected in January;
<br /> • Sales Tax revenues reflects three months of activity; the NC Department of Revenue (NCDOR) remittances
<br /> to local jurisdictions has normally lagged up to three months throughout the State; attributed to the time to
<br /> process and remit distributions to local governments
<br /> • Charges for Services revenues collected are $4.6 million or 42.6% of Budgeted Revenues compared to $4.4
<br /> million or 45.6% in the prior year
<br /> • Intergovernmental revenues which includes grant remittances are $7.6 million or 41% of Budgeted Revenues
<br /> compared to $7.9 million or 48.7% in the prior year
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