Orange County NC Website
Browse       Search
IAULD[N <br /> 13 <br /> & ENKINS <br /> General Fund Budget to Actual Results - ORANGE COUNTY <br /> Fiscal Year 2020 NORTH CAROLINA <br /> Original Amendments Final Actual Variance <br /> Revenues $ 225,185,824 $ 5,021,220 $ 230,207,044 $ 228,292,446 $ (1,914,598) -0.8% <br /> Expenditures 229,128,780 7,856,279 236,985,059 226,843,988 10,141,071 4.3% <br /> Net Other Financing Uses (3,865,050) 1,380,712 (2,484,338) 389,934 2,874,272 115.7% <br /> Net Change $ (7,808,006) $ (1,454,347) $ (9,262,353) $ 1,838,392 $ 11,100,745 119.8% <br /> ❑ General Fund revenues were .8% less than the amended budgeted amount. The final budget reflects the <br /> addition of Round 1 of CARES Act Funding which the GASB requires to remain as unearned revenue until spent. <br /> ❑ Expenditures for many functional areas were less than budget by $10.1million (4.3%) from the operating <br /> budget. Several departments came in under budget due to personnel vacancies and efforts to spend <br /> conservatively. <br /> ❑ Budgeted use of fund balance was not needed to the extent anticipated, as actual revenues and other financing <br /> sources exceeded expenditures. <br /> ❑ General Fund significant transfers were $4,247,000 to School Capital Improvement Fund; $3.0 million from <br /> School Capital Improvements; $2,475,000 from County Capital Improvement Fund; and $1,732,000 to non-major <br /> governmental funds. <br />