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16 <br /> 1 Slide #5 <br /> FY2022-23 RECOMMENDED BUDGET <br /> Historical General Fund Revenues and Expenditures <br /> few n E ' <br /> two <br /> E2i9 D <br /> f298 D <br /> UM B <br /> 1225.D E�.s ■ReE+efwEee <br /> ■2K�lIfdllAfiS <br /> iP10.n iJ416-.3 <br /> E21dA <br /> Mao — <br /> Hos D <br /> E20B D <br /> FY 2017-19 FY 2018-19 FY 2719,2:1 FY 2020-21 FY 2021-22 <br /> QKANGE L-L;LAA I <br /> NORT7[CARDL€NA <br /> 2 <br /> 3 Bonnie Hammersley said that utilizing financial models coupled with prudent budgeting <br /> 4 practices have helped the county end the past four fiscal years with revenues exceeding <br /> 5 expenditures. She said the FY 2020-21 bars in the graph on slide #5 are the financial audited <br /> 6 results. She said FY 2020-21 General Fund revenues exceeded the amended revenue budget <br /> 7 by $4.3 million, or 2%. She said that General Fund expenditures were below the adopted <br /> 8 budget by $10.1 million, or 4.4%. She said many departments were below budget due to <br /> 9 personnel vacancies and efforts to reduce expenditures. She said that the FY 2021-22 <br /> 10 projection is that the county will breakeven. <br /> 11 <br /> 12 Slide #6 <br /> FY2022-23 RECOMMENDED BUDGET <br /> FY2021-22 to FYY2022-23 Revenue Gltowth <br /> 1 ®�i <br /> QRANGE C- )UNTY <br /> NORT1[CAROLINA <br /> 13 <br /> 14 Bonnie Hammersley said the FY 2022-23 revenue growth is above historic averages. <br /> 15 She said the revenue growth change is $16.7M on a budget basis from FY 2021-22 to FY 2022- <br /> 16 23. She said this represents a 7% growth in budgeted total General Fund revenues. She said a <br /> 17 key factor is the sales tax increase by 23% on a budgetary basis. She said the FY 2021-22 <br /> 18 General Fund budgeted revenues was $238.7 Million, excluding a $1.9 Million fund balance <br /> 19 appropriation. She said the FY 2022-23 General Fund projected revenues is $255 Million, <br /> 20 excluding a $2.6 Million projected fund balance appropriation. She said improving pandemic <br />