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14 <br /> 1 AULDIN NAMMah'.1, <br /> & ENKINS <br /> General Fund Budget to Actual Results - ORANGE COUNTY <br /> Fiscal Year 2016 NORTH CAROLINA <br /> Original Budget Final <br /> Budget Amendments Budget Actual Variance <br /> Revenues $ 195,072,739 $ 6,583,324 $ 201,656,063 $ 204,163,765 $ 2,507,702 101.2% <br /> Expenditures 201,634,597 6,592,400 208,226,997 198,116,335 10,110,662 95.1% <br /> Net Transfers (4,088,912) (1,493,167) (5,582,079) (6,590,098) (1,008,019) 118.1% <br /> Net Change $ (10,650,770) $ (1,502,243) $ (12,153,013) $ (542,668) $ 11,610,345 4.5% <br /> ❑General Fund revenues were 1.2% more than the amended budgeted amount. The actual revenue was over <br /> budget due to increased actual sales tax collections from the State. <br /> ❑Expenditures for many functional areas were less than budget as the County generated savings of $10.1 million <br /> (4.9%) from the operating budget. Several departments came in under budget due to personnel vacancies and <br /> efforts to spend conservatively. <br /> ❑Budgeted use of fund balance was not needed to the extent anticipated, as actual use of reserves was only 4.5% <br /> of the final budgeted use. <br /> ❑General Fund significant transfers were $5,167,984 to School Capital Improvement Fund; $703,227 to County <br /> Capital Improvement Fund; and $1,718,018 to Solid Waste Landfill Fund. <br /> 1 <br />