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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 /> INFORMATION ITEM
<br /> To: Board of County Commissioners
<br /> From: Gary Donaldson, Chief Financial Officer
<br /> Date: November 25, 2022
<br /> Re: FY 2021-22 General Fund Budget versus Actual Results and Fund Balance Classification
<br /> As additional supporting information to a forthcoming Budget Amendment and Audit Presentation on December 13,
<br /> 2022, please find attached a summary of FY 2021-22 General Fund Financial results.
<br /> Fiscal Year 2022-General Fund
<br /> Budget vs
<br /> Original BudgelRevised Budget Actual Actual Variance percentage%Variance Explanation
<br /> Revenue
<br /> 40-PROPERTY TAXES $177,399,692 $177,399,692 $180,701,712 $3,302,020 102% Reflects higher collection rate,natural growth and higher motor vehicle assessments
<br /> 41-SALES TAXES $28,952,047 $28,952,047 $37,996,379 $9,044,332 131% Reflects stronger performance from Articles 39,40 and 42=$5.6M and$3M more in Hold Harmless
<br /> 42-LICENSES&PERMITS $274,550 $274,550 $268,824 ($5,726) 98% Reflects lower Gross Receipts from Franchise Fee
<br /> 43-CHRGS FOR SERVS $11,470,907 $11,961,766 $13,811,583 $1,849,817 115% Reflects$1.2 million in Register of Deeds and$1 million Emergency Service billings.
<br /> 44-INTERGOVERNMENTAL $16,598,606 $21,879,314 $18,865,133 ($3,014,181) 86% Timing Variance on State Grant Awards
<br /> 45-BONDS&ALTERN FINAN $0 $772,494 $585,885 ($186,609) 76% Qualified School Bond Reimbursements and Cost of Issuance fro Financings
<br /> 46-INVESTMENT INCOME $10,300 $10,300 $84,805 $74,505 823% Reflects increasing Interest Rate environment
<br /> 47-MISCELLANEOUS $4,013,571 $4,157,258 $4,189,002 $31,744 101% Various items including Donaltions,Lease Rentals and Items subject to Audit reclassification
<br /> 49-APPROP FUND BAL $1,968,184 $14,412,746 $0 ($14,412,746) 0% No actual FB appropriation needed due to strong Budget versus Ac
<br /> 48-TRANSFERS OUT $74,504 $95,552 $106,691 $11,139 112% Reflects transfers-Article 46($74K),Jail Inmate($11K),County Capital($20K)to support Facility Master Plan
<br /> Total $240,762,361 $259,915,719 $256,610,014 ($3,305,705) 99%
<br /> Expense
<br /> 40-COMMUNITY SERVICES $13,621,295 $14,465,523 $12,966,062 ($1,499,461) 91% Reflects Salary Attrition and Non-Personnel Savings
<br /> 25-GENERAL GOVERNMENT $10,277,361 $11,640,646 $11,282,740 ($357,906) 97% Reflects Salary Attrition and Non-Personnel Savings
<br /> 50-PUBLIC SAFETY $28,528,552 $28,683,878 $27,822,848 ($861,030) 98% Reflects Salary Attrition and Non-Personnel Savings
<br /> 30-HUMAN SERVICES $40,547,146 $44,188,765 $39,736,329 ($4,452,436) 90% Reflects Salary Attrition and Non-Personnel Savings
<br /> 20-SUPPORT SERVICES $12,881,850 $16,069,316 $15,220,129 ($849,187) 97% Reflects Salary Attrition and Non-Personnel Savings
<br /> 80-TRANSFERS $1,044,002 $9,256,798 $9,320,892 $64,094 101% Reflects$6.2M to County Capital,$1.31M Lottery,$790K Sportsplex,$560K Visitors,$339K Afford Housing
<br /> 70-EDUCATION $93,834,876 $95,583,514 $94,916,033 ($667,481) 100% Monthly fixed payments
<br /> 90-DEBT SERVICE $40,027,279 $40,027,279 $39,951,459 ($75,820) 100% Fixed costs paid on maturity dates
<br /> Total $240,762,361 $259,915,719 $251,216,492 ($8,699,227) 96.7%
<br /> Revenues over Expenditures Revenues over Expenditures $5,393,522 $12,004,932 $2 Million added to Restricted by State Statute and$10 Million added to Assigned Fund Balance
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