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<br /> General Fund Summary
<br /> FY 2023 FY 2022 FYs 2023 vs 2022
<br /> GENERALFUND Original Budget Revised Budget YTDActual* Percentage YTDActual* Percentage YTD %Variance`
<br /> Property Tax $186,165,129 $186,165,129 $30,728,813 16.51% $30,857,615 17.37% -$128,802 -0.86%
<br /> Sales&Use Tax $35,616,489 $35,616,489 $0 0.00% $0 0.00% $0 0.00% 1
<br /> Licenses and Permits $274,200 $274,200 $630 0.23% $1,715 0.62% -$1,085 -0.39%
<br /> Charges for Services $14,029,092 $14,226,117 $3,799,129 26.71% $3,469,142 23.82% $329,987 2.89%0 Z
<br /> Intergovernmental $18,428,977 $19,709,211 $1,841,772 9.34% $2,398,857 11.25% -$557,085 -1.91%0 3
<br /> Transfers In $76,740 $76,740 $0 0.00% $20,833 0.38% -$20,833 -0.38%
<br /> Miscellaneous $910,064 $1,034,971 $219,970 21.25% $228,414 3.20% -$8,444 18.05%
<br /> Appropriated Fund Balance $2,608,888 $2,608,888 $0 0.00% $0 0.00% $0 0.00%
<br /> Total $258,109,579 $259,711,745 $36,590,314 14.09% $36,976,576 15.16% -$386,262 -1.07%
<br /> Community Services $14,690,753 $15,405,671 $3,529,269 22.91% $2,743,247 19.52% $786,022 3.39%
<br /> General Government $13,451,262 $13,712,875 $3,310,630 24.14% $2,814,706 27.33% $495,924 -3.19%Q
<br /> Public Safety $31,919,210 $32,890,888 $7,479,704 22.74% $5,716,905 19.99% $1,762,799 2.75%
<br /> Human Services $43,038,664 $45,306,868 $9,584,186 21.15% $8,036,650 19.56% $1,547,536 1.59%
<br /> Education $98,201,672 $98,201,672 $23,615,797 24.05% $22,452,704 23.93% $1,163,093 0.12%
<br /> Support Services $12,295,327 $9,681,080 $4,340,273 44.83% $4,305,848 33.43% $34,425 11.40%
<br /> Debt Service $38,077,170 $38,077,170 $20,513,496 53.87% $23,697,025 58.94% -$3,183,529 -5.07%
<br /> TransfersOut $6,435,521 $6,435,521 $0 0.00% $0 0.00% $0 0.00%
<br /> Total $258,109,579 $259,711,745 $72,373,355 27.87%1 $69,767,085 28.83% $2,606,270 -0.96%
<br /> Notes:
<br /> *-Actual amounts include Encumbrances.
<br /> +-Based on percentage.
<br /> 1-Three-month lag from NC Depatment of Revenue..
<br /> 2-Includes Register of Deeds,Health Department,Planning and Inspections,Sheriff,and Emergency Services.
<br /> 3-Timing variance of grant draw downs.
<br /> General Fund revenues are 14.1% of budgeted revenues compared with the prior fiscal year at 15.1%. The slight
<br /> decline in FY 2022-23 compared to the prior year are timing variances and not due to economic performance.
<br /> As indicated in Table 1 above, the underlying drivers of the revenue base remains sound despite inflation and
<br /> increased interest rates. The County's 16%fund balance policy provides the working capital to short-term
<br /> coverage of expenditures until property taxes and sales tax are collected later in the fiscal year.
<br /> General Fund Revenues
<br /> • Property Tax collections are 16.5% of the total Property tax budget compared to 17.3% the prior fiscal
<br /> year. Real and personal taxes were due September 1 but peak at the end of December tax collections
<br /> due to the pending January assessment of penalties and interest.
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