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<br /> ORANGE COUNTY
<br /> NORTH CAROLINA
<br /> FINANCE and ADMINISTRATIVE SERVICES
<br /> Gary Donaldson,CTP,Chief Financial Officer I gdonaldson@orangecountync.gov I PO Box 8181, Hillsborough, NC 27278 1 919.245.2453
<br /> MEMORANDUM
<br /> To: Board of County Commissioners
<br /> From: Gary Donaldson, Chief Financial Officer
<br /> Date: November 4, 2021
<br /> Re: Financial Report- First Quarter FY 2021-22
<br /> This FY 2021-22 First Quarter Financial report provides Budget versus Actual comparisons to the prior fiscal year
<br /> and includes Coronavirus Aid, Relief and Economic Support (CARES) summary of spending, and an economic
<br /> update from Dr. Michael Walden NC State University's Economic Outlook Report as part of this update. The
<br /> General Fund is projected to end the fiscal year in a breakeven position.
<br /> FY 2022 FY 2021 FYS 2022 vs 2021
<br /> GENERAL FUND Original Budget Revised Budget YTD Actual* Percentage YTDActual* Percentage YTD %Variance'
<br /> Property Tax $177,661,825 $177,661,825 $30,851,025 17.37% $27,769,949 16.56% $3,081,076 0.81%0 1
<br /> Sales&Use Tax $26,702,047 $26,702,047 $0 0.00% $0 0.001y. $0 0.00%
<br /> Licenses and Permits $274,550 $274,550 $1,715 0.62% $1,945 0.71% -$230 -0.08%
<br /> Charges for Services $12,478,132 $12,662,171 $3,016,320 23.82% $2,196,872 17.37% $819,448 6.45%0 2
<br /> Intergovernmental $18,226,773 $18,938,949 $2,130,348 11.25% $5,702,405 25.33% -$3,572,057 -14.08%0 3
<br /> Transfers In $74,504 $95,337 $0 0.00% $0 0.00% $0 0.00%
<br /> Miscellaneous $3,376,346 $3,707,929 $118,793 3.20% $216,956 6.80% -$98,163 -3.60%
<br /> Appropriated Fund Balance $1,968,184 $1,968,184 $0 0.00% $0 0.00° $0 0.00%
<br /> Total $240,762,361 $242,010,992 $36,118,201 14.92% $35,888,127 14.71% $230,074 0.21
<br /> Community Services $13,621,295 $14,055,726 $2,743,247 19.52% $3,296,522 22.90% -$553,275 -3.38%9 4
<br /> General Government $10,277,361 $10,298,194 $2,814,706 27.33% $2,428,703 22.66% $386,003 4.68%
<br /> Public Safety $28,528,552 $28,605,416 $5,716,905 19.99% $6,134,466 21.80% -$417,561 -1.81%
<br /> Human Services $40,547,146 $41,082,555 $8,036,650 19.56% $8,198,164 19.33% -$161,514 0.23%
<br /> Education $93,834,876 $93,834,876 $22,452,220 23.93% $22,452,704 24.03% -$484 -0.10%
<br /> Support Services $12,881,850 $12,881,850 $4,305,848 33.43% $6,169,382 40.79% -$1,863,534 -7.37%0 5
<br /> Debt Service $40,027,279 $40,208,373 $23,697,025 58.94% $18,197,238 54.46% $5,499,787 4.47%0 6
<br /> Transfers Out $1,044,002 $1,044,002 $0 0.00%l $0 0.004 $0 0.00%
<br /> Total $240,762,361 $242,010,992 $69,766,601 28.83%1 $66,877,179 27.42%1 $2,889,422 1.41
<br /> Notes:
<br /> *-Actual amounts include Encumbrances.
<br /> +-Based on percentage.
<br /> 1-Increases in property tax are attributed to 3 cent tax rate increase.
<br /> 2-Fee collections at Register of Deeds,Health Department,Planning and Inspections,Sheriff,and Emergency Services from prior year pandemic revenue losses.
<br /> 3-Prior FY reflected CARES revenues.
<br /> 4-Timing variance for DEAPR payments to Carrboro,Chapel Hill and Mebane.
<br /> 5-Prior year reflected CARES expenditures.
<br /> 6-Based on increased Debt Service payments for County(primarily Northern Campus)and Various School Projects.
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