|
9
<br /> Slide#9
<br /> 1T
<br /> Orange County,North Carolina
<br /> Financial Trends-General Fund Expenditures
<br /> 2024 2023 Diff %age
<br /> Community services $ 14,704,939 $ 14,595,312 $ 109,627 5%
<br /> General government 12,367,020 13,103,299 (736,279) 4%
<br /> Public safety 38,083,670 33,434,999 4,648,671 13%
<br /> Human Services 46,426,806 38,758,538 7,668,268 16%
<br /> Education 107,594,753 97,969,758 9,624,995 38%
<br /> Support services(*) 22,427,279 11,805,338 10,621,941 8%
<br /> Debt service(**) 41,101,908 41,750,825 (648,917) 15%
<br /> $ 282,708,375 $ 251,418,069 $ 31,288,306 100%
<br /> *Support services for 2024 include approximately$8.5 million of non-cash capital outlay related to the
<br /> recording of new leases and subscriptions under GASB 87196.
<br /> **Debt service expenditures includes approximately$21.2 million of principal and interest payments on
<br /> school-related debt for the fiscal year ended June 30,2024, When the balance of those payments is added
<br /> to non-debt service,total expenditures for education total approximately$128.8 million or 46%of total
<br /> General Fund+Debt Service Fund expenditures.
<br /> Auditor's Discussion&Analysis(AD&A)
<br /> June 30,2024
<br /> Slide #10
<br /> NAT
<br /> Orange County,North Carolina
<br /> Financial Trends-Proprietary Funds
<br /> Solid Waste Enterprise Fund
<br /> 2024 2023 Change
<br /> Operating revenues $ 11,093,956 $ 11,001,798 $ 92,158
<br /> Operating expenses 11,903,792 9,430,416 2,473,376
<br /> Operating income (809,836) 1,571,382 (2,381,218)
<br /> Unrestricted net position 8,857,525 9,696,271 (838,746)
<br /> Operating cash flow 1,264,554 1,277,803 (13,249)
<br /> Overall cash flow 467,457 (502,536) 969,993
<br /> SportsPlex Enterprise Fund
<br /> 2024 2023 Change
<br /> Operating revenues $ 5,497,730 $ 4,769,351 $ 728,379
<br /> Operating expenses 5,889,969 4,117,559 1,772,410
<br /> Operating income (392,239) 651,792 (1,044,031)
<br /> Unrestricted net position 318,997 647,736 (328,739)
<br /> Operating cash flow 257,861 1,116,326 (858,465)
<br /> Interfund transfers 746,694 - 746,694
<br /> Overall cash flow (381,919) 374,190 (756,109)
<br /> Auditor's Discussion&Analysis(AD&A)
<br /> June 30,2024
<br /> LeAnn Bagasala said purchasing vehicles and an adjustment for the post-closure landfill
<br /> led to increased expenditures for the Solid Waste Enterprise Fund.
<br />
|