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<br /> General Fund Revenues Budget versus Actual
<br /> Comparative Analysis
<br /> FY2016-17 FY2016-17 YTD % FY2015-16 FY2015-16 YTD%
<br /> Category Original Budget Revised Budget YTD Actual Collected Category Original Budget Revised Budget YTD Actual Collected
<br /> Property Tax $ 149,498,811 $ 149,498,811 $ 20,612,100 13.8% Property Tax $ 147,551,332 $ 147,551,332 $ 18,746,742 12.7%
<br /> Local Option Sales Tax 22,066,641 22,066,641 10 0.0% Local Option Sales Tax 20,652,132 20,652,132 - 0.0%
<br /> Licenses and Permits 328,000 328,000 1,601 0.5% Licenses and Permits 313,000 313,000 1,207 0.4%
<br /> Charges for Services 11,681,503 11,702,503 1,914,848 16.4% Charges for Services 10,766,030 10,772,114 2,363,703 21.9%
<br /> Intergovernmental 15,787,579 17,300,131 2,277,038 13.2% Intergovernmental 15,000,278 15,234,098 3,389,114 22.2%
<br /> Transfers from Other Funds 2,712,600 2,712,600 - 0.0% Transfers from Other Funds 1,052,600 1,052,600 - 0.0%
<br /> Investment Earnings 155,000 155,000 - 0.0% Investment Earnings 52,500 52,500 5,656 10.8%
<br /> Miscellaneous 886,734 983,287 112,638 11.5% Miscellaneous 737,468 841,121 190,871 22.7%
<br /> Fund Balance Appropriation 12,726,944 12,726,944 - 0.0% Fund Balance Appropriatio 10,650,770 10,804,066 - 0.0%
<br /> General Fund Revenues $ 215,843,812 $ 217,473,917 $ 24,918,235 11.5% General Fund Revenues $ 206,776,110 $ 207,272,963 $ 24,697,293 11.9%
<br /> • FY 2016-17 General Fund revenues are on target with the adopted budget; through the first quarter of $24.9
<br /> million or 11.5% of budgeted revenues has been collected as compared to $24.6 million or 11.9% in the prior
<br /> year
<br /> • Property Tax revenues totals $20.6 million or 13.8% of Budgeted Revenues compared to $18.7 million or
<br /> 12.7% in the prior year; increased property values.
<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 $1.9 million or 16.4% of Budgeted Revenues compared to $2.3
<br /> million or 21.9% in the prior year. The decline is attributed to lower volume activity for EMS and Sheriff fees
<br /> • Intergovernmental revenues which includes grant remittances are $2.2 million or 13.2% of Budgeted Revenues
<br /> compared to $3.3 million or 22.2% in the prior year
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