Orange County NC Website
Browse       Search
3 <br /> • FY 2024-25 Motor Vehicles are $2.6 million as compared to $3.3 million the prior fiscal year this <br /> represents a timing variance and not due to economic performance. <br /> • Sales Tax for Articles 39, 40, 42 and Hold Harmless amounts are recorded in the General Fund. As noted, <br /> there is a three-month. The October remittance will be the first sales tax revenue recorded in FY 2024- <br /> 25. <br /> • Charges for services are 20.4% of the budget as compared to 19.4% the prior fiscal year, with the <br /> favorable performance variance attributed to higher Emergency Charges of$244,357 compared to the <br /> prior fiscal year. Two key charges for services revenue sources are: <br /> Emergency Medical Charges. Emergency Medical Charges collections are $1.1 million or 22% of the <br /> budgeted amount compared to $909,195 or 21.5% in the prior fiscal year. <br /> Excise Stamps (Real Estate Transfers). Excise Stamps collections are consistent with the prior year with <br /> FY 2024-25 collections of$316,451 compared to $352,284 the prior fiscal year. <br /> • Intergovernmental revenues recorded is $2.1 million, the same amount as the prior fiscal year. The <br /> Department of Social Services represents $1 million of the revenue collected primarily Medicaid <br /> Administration revenue. <br /> • Investment earnings are at $439,783 or 24.4% of the budgeted amount and is consistent with the <br /> interest rate with a yield as of September 301" of 4.86%. The priority order of investments are Safety, <br /> Liquidity and Yield with 60% invested in U.S. Treasuries. <br /> September 30,2024 <br /> <, <br /> Ir <br /> ■Overnight Repo <br /> ■Term Repo <br /> ■Fixed Rate Agencies <br /> Floating Rate Agencies <br /> Fixed Rate Treasuries <br /> ■Floating Rate Treasuries <br /> 3 <br />