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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 919.245.2453
<br /> MEMORANDUM
<br /> To: Board of County Commissioners
<br /> From: Gary Donaldson, Chief Financial Officer
<br /> Date: May 24, 2022
<br /> Re: Financial Report- Third Quarter FY 2021-22
<br /> This Third Quarter Financial Report provides an updated status of Revenue and Expenditure of the County's
<br /> Operating Funds as compared with the prior fiscal year. Following a review of the first nine months of FY 2021-
<br /> 22. The revenue performance through the third quarter of the fiscal year reflects lifting of COVID restrictions.
<br /> Table 3: General Fund Summary
<br /> FY 2022 FY 2021 FYs 2022 vs 2021
<br /> GENERAL FUND Original Budget Revised Budget YTDActual* Percentage YTDActual* Percentage YTD %Variance'
<br /> Property Tax $177,661,825 $177,661,825 $176,343,430 99.26% $164,375,915 98.02% $11,967,515 1.24%
<br /> Sales&Use Tax $28,952,047 $28,952,047 $24,924,864 86.09% $20,554,026 80.36% $4,370,838 5.73%0 1
<br /> Licenses and Permits $274,550 $274,550 $128,652 46.86% $136,322 49.65% -$7,670 -2.79%
<br /> Charges for Services $12,478,132 $12,977,191 $9,442,318 72.76% $7,029,219 55.59% $2,413,099 17.17% Z
<br /> > 3$18,226,773 $21,772,439 $11,366,341 52.21% $14,920,894 59.71% -$3,554,553 -7.50% a
<br /> Transfers In $74,504 $95,337 $20,833 21.85% $0 0.00% $20,833 21.85%0 4
<br /> Miscellaneous $1,126,346 $1,537,500 $767,532 49.92% $732,951 41.45% $34,581 8.47%0 s
<br /> Appropriated Fund Balance $1,968,184 $14,411,090 $0 0.00% $0 0.00% $0 0.00%
<br /> Total $240,762,361 $257,681,979 $222,993,970 86.54% $207,749,326 84.36% $15,244,644 2.28%0
<br /> Community Services $13,621,295 $14,261,710 $9,278,402 65.06% $9,804,102 64.89% -$525,700 0.17%
<br /> General Government $10,277,361 $10,380,822 $7,843,196 75.55% $7,904,647 70.84% -$61,451 4.71%
<br /> Public Safety $28,528,552 $28,827,819 $19,882,405 68.97% $21,454,129 75.39% -$1,571,724 -6.42%0 e
<br /> Human Services $40,547,146 $45,206,734 $28,070,968 62.09% $27,049,977 61.59% $1,020,991 0.50%
<br /> a Education $93,834,876 $95,583,514 $69,835,741 73.06% $68,971,146 73.52% $864,595 -0.46%
<br /> ux, Support Services $12,881,850 $15,282,833 $11,410,106 74.66% $12,562,715 87.26% -$1,152,609 -12.60%6 '
<br /> Debt Service $40,027,279 $40,208,373 $38,896,234 96.74% $32,745,297 98.01% $6,150,937 -1.27%
<br /> Transfers Out $1,044,002 $7,930,174 $0 0.00% $0 0.00% $0 0.00%
<br /> Total $240,762,361 $257,681,979 $185,217,052 71.88% $180,492,013 72.92% $4,725,039 itk49
<br /> Notes:
<br /> *-Actual amounts include Encumbrances.
<br /> +-Based on percentage.
<br /> 1-Sales tax performance reflects opening of economy from COVID restrictions.
<br /> 2-Positive variance attributed to Register of Deeds Excise Fees,EMS Charges and Medicaid revenue.
<br /> 3-FY 2021 included$4 million in COVID State Grants.This variance is not a Performance variance.
<br /> 4-Represents a transfer from the County Capital Fund.
<br /> 5-Miscellaneous includes Donations and Leases.
<br /> 6-Not a Performance variance;expenses are non-Congregate care now budgeted in COVID Emergency Fund instead of General Fund.
<br /> 7-FY 2021 included One-Time IT Equipment Purchases for Hybrid Remote Work and Software Licenses.
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