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3 <br /> • Motor vehicle taxes are payable on the vehicle renewal date and the tax is based on the market value of <br /> the vehicle. The State remits this tax to the County on a monthly basis. FY 2022-23 Motor Vehicles are <br /> $6.3 million as compared to $5.9 million the prior fiscal year. <br /> • Sales Tax for Articles 39, 40, 42 and Hold Harmless amounts are recorded in the General Fund. The <br /> second quarter sales tax are for July, August and September collections due to a three-month lag <br /> detailed further below. The year-to-date sales tax trend remains strong and factors in inflation and <br /> specifically food inflation that is taxable on Articles 39, 40 and 42. NC Department of Revenue (NCDOR) <br /> has indicated that collections yet to be distributed to the County have increased at a rate of 22% over <br /> the prior fiscal year. However it is important to note that later in the fiscal year, NCDOR will issue <br /> taxpayer refund adjustments that may decrease the current percentage growth rate by the end of the <br /> fiscal year. <br /> As illustrated on the flowchart below, there is a three-month lag means from the point the North Carolina <br /> Department of Revenue NCDOR collects the tax and remits each months' receipts to local governments. <br /> SEPTEMBER OCTOBER N NOVEMBER DECEMBER 15 <br /> =Sale Vendor = NCDOR =County <br /> Transactions Submits Report Reconciles Receives$ <br /> • Charges for services are 48.2% of the budget as compared to 52.4% the prior fiscal year. Three key <br /> revenue sources in this category are Emergency Charges, Register of Deeds Excise Stamps and Building, <br /> Electrical and HVAC Permits. <br /> Emergency Medical Charges. Emergency Medical Charges collections are $2.9 million or 77.6% of budget <br /> as compared to $1.6 million or 54.6%the prior fiscal year. The stronger collections the second quarter <br /> are attributed to the FY 2022-23 rate increases. County rates in the prior fiscal years for transporting <br /> were significantly lower than other jurisdictions with Medicare and private insurance accounting for <br /> more than 50% of the rate base. The strong performance has offset the additional EMS personnel. <br /> Excise Stamps (Real Estate Transfers). Excise Stamps have decreased to $792,259 or 45.3% of the budget <br /> compared to $1.3 million or 98% of the budget through the second quarter in the prior fiscal year. <br /> 3 <br />