Orange County NC Website
Browse       Search
6 <br /> Solid Waste Fund <br /> Solid Waste revenues are 61.4% of the total revenues as compared to 69.8% in the prior fiscal year. The solid <br /> waste program fee of$138 is billed as a line item on the Property Tax bill, therefore the solid waste collection <br /> performance will generally mirror the property tax collection performance with peak collections in <br /> December/January. Revenues soundly exceed expenditure by $3.2 million again due to the upfront revenue <br /> collections, the margins will narrow by the end of the fiscal year. <br /> Visitors Bureau Fund <br /> Visitors Bureau revenues are 41.4% of budget as compared to 46.7%the prior fiscal year. The revenue versus <br /> expenditure lag is a timing variance, as the advertising budget is primarily paid upfront. The hotel/motel lodging <br /> revenue base has continued to perform well as measured by Gross Lodging revenues, Occupancy rates and <br /> Average Daily Room rates. The County occupancy tax rate is set at 3% on the gross receipts from the rental of <br /> any room, and lodging or similar accommodation in the County subject to sales tax under G.S. 105-164.4(a)(3). <br /> Remittances are due to the Tax Office by the 1511 of each month. Revenues lag expenditures by$290,524 due <br /> to the current spending rate on advertising. <br /> 6 <br />