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<br /> FY 2024-25 Unaudited General Fund Results
<br /> The County General Fund closed FY 2024-25 with a net surplus of$1.6 million, driven by strong property tax
<br /> collections, higher-than-expected miscellaneous revenues, and under spending across all Functional Leadership
<br /> Teams. The County did not draw on fund balance and maintained the 16% unassigned fund balance policy.
<br /> ORANGE COUNTY,NORTH CAROLINA
<br /> FY 2024-25 GENERAL FUND(UNAUDITED)
<br /> VARIANCE VARIANCE ANALYSIS
<br /> REVENUES ORIGINAL BUDGET REVISED BUDGET ACTUALS %
<br /> PROPERTYTAX
<br /> REAL AND PERSONAL; 185,864,654 185,864,654 188,061,891 101.2% Reflects 99.4%collection rate
<br /> MOTOR VEHICLE 13,775,985 13,775,985 15,192,481 110.3% Motor Vehicle price inflation
<br /> DELINQUENT AND OTHER TAXES 2,358,706 2,358,706 2,089,550 88.6% Interest delinq.beer/wine&gross receipts
<br /> PROPERTY TAX 201,999,345 201,999,345 205,343,922 101.7% Reflects 99.4%collection rate
<br /> SALES TAX
<br /> ARTICLE 39 17,856,804 17,856,804 17,381,316 97.3% Refund Impact and 1%Point of Delivery
<br /> ARTICLE 40 12,503,058 12,503,058 12,310,616 98.5% Refund Impact and.5%State-wide Per Capita
<br /> ARTICLE 42 8,956,144 8,956,144 8,624,367 96.3% Refund Impact and.5%Point of Delivery
<br /> ARTICLE 44 323,006 323,006 317,098 98.2°%
<br /> HOLD HARMLESS 4,500,000 4,500,000 5,083,983 113.0% Medicaid Hold Harmless(HH)
<br /> SALES TAX 44,139,012 44,139,012 43,717,380 99.0% Refund Loss/offset by HH
<br /> LICENSES AND PERMITS 274,200 274,201 208,906 76.2% Franchise cable and privilige fees.
<br /> CHARGES FOR SERVICES 15,103,690 15,160,526 15,593,662 102.9% US Marshal Below by$1M&OCSO Report Copies by$300K
<br /> INTERGOVERNMENTAL 22,017,818 22,899,541 21,193,528 92.6% Below by$1.7M Food Nutrition&Title IV-E Admin.(Foster)
<br /> INVESTMENT EARNINGS 1,800,000 2,250,000 2,408,721 107.1% Reflects higher interest rates
<br /> MISCELLANEOUS 970,011 1,048,651 2,618,675 249.7% $905K Sales Tax Refund
<br /> APPROPRIATED FUND BALANCE 7,100,000 9,491,237 0 No Use of Assigned Fund Balance
<br /> TRANSFERS 1,006,039 1,149,818 1,149,818 100.0%
<br /> TOTALREVENUES 294,410,115 298,412,331 292,234,612 97.9%
<br /> FY 2025
<br /> VARIANCE VARIANCE ANALYSIS
<br /> EXPENDITURES ORIGINAL BUDGET REVISED BUDGET ACTUALS %
<br /> COMMUNITY SERVICE 16,096,949 16,833,179 15,861,199 94.2% Operations and Personnel savings
<br /> GENERAL GOVERNMENT 12,699,830 13,923,839 13,152,241 94.5% Operations and Personnel savings.Includes Outside Agencies.
<br /> PUBLIC SAFETY 40,930,579 41,217,286 40,129,518 97.4% Operations and Personnel savings
<br /> HUMAN SERVICES 53,023,027 52,835,889 47,987,423 90.8% Operations and Personnel savings.Includes Alliance Health
<br /> EDUCATION 113,115,311 113,159,588 113,122,511 99.97% Current Expense,SROs and Nurses
<br /> SUPPORT SERVICES 18,787,800 30,364,326 21,338,624 70.3% Revised Budget reflects non-Cash GASB 87 and 96
<br /> DEBT SERVICE 0 0 0 0.0% Moved to Debt Service Fund
<br /> TRANSFERS 39,756,619 40,078,223 39,017,740 97.4% Includes Debt Service Fund Transfer
<br /> TOTAL EXPENDITURES 294,410,115 308,412,330 290,609,256 94.2%
<br /> TOTAL REVENUES 294,410,115 298,412,331 292,234,612
<br /> TOTAL EXPENDITURES 294,410,115 308,412,330 290,609,256
<br /> REVENUES OVER(UNDER)EXPENDITURES 1,625,356.00
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