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<br /> FY 2026 FY 2025 FYS 2026 vs 2025
<br /> GENERALFUND Original Budget Revised Budget YTDActual* Percentage YTDActual* Percentage YTD %Variance*
<br /> Property Tax $212,897,374 $212,897,374 $168,240,051 79.02% $158,516,212 79.47% $9,723,839 0.55°
<br /> Sales&Use Tax $44,145,403 $44,145,403 $8,250,940 18.69% $7,939,368 17.99 $311,572 0.70°
<br /> Licenses and Permits $242,000 $242,000 $46,072 19.04% $57,757 20.93% ($11,685) -1.89%
<br /> W Charges for Services $16,005,107 $16,005,107 $6,860,465 42.86% $6,273,293 40.67% $587,172 2.199
<br /> aIntergovernmental $22,313,927 $23,149,777 $7,687,098 33.21% $7,051,460 33.37% $635,638 -0.165
<br /> y Investment Earnings $1,800,000 $1,800,000 $862,610 47.92% $952,322 30.15% ($89,172) 17.775
<br /> oc Transfers In $665,729 $794,990 $0 0.00% $0 0.00% $0 0.00°
<br /> Miscellaneous $911,775 $1,068,263 $574,567 53.79% $485,509 73.85% $89,058 -20.060/
<br /> Appropriated Fund Balance $7,056,130 $9,235,636 $0 0.00% $0 0.00% $0 0.00°
<br /> Total $306,037,445 $309,338,549 $192,521,803 62.69% $181,273,921 61.46% $8,899,744 1.23°
<br /> Community Services $16,897,564 $17,388,765 $7,458,215 42.89% $6,692,372 42.60% $765,843 .290/
<br /> General Government $13,540,083 $13,999,717 $5,849,091 41.78% $5,569,454 45.59% $279,637 -3.810/
<br /> i Public Safety $43,592,203 $43,757,524 $18,707,442 42.75% $17,263,449 47.72% $1,443,993 4.979
<br /> Y Human Services $55,590,648 $56,766,345 $23,234,060 40.93% $21,201,741 42.99% $2,032,319 -2.065
<br /> Education $116,537,541 $116,574,129 $74,800,529 64.17% $57,167,579 52.95% $17,632,950 11.229
<br /> c Support Services $18,002,857 $18,670,324 $10,970,285 58.76% $9,451,473 50.59% $1,518,812 8.179
<br /> Lu Debt Service $0 $0 $0 0.00% $0 0.00% $0 0.009
<br /> Transfers Out $41,876,549 $42,181,745 $0 0.00% $0 0.00% $0 0.00°
<br /> Total $306,037,445 $309,338,549 $141,019,622 45.59% $117,346,068 41.67% $23,673,554 3.92°
<br /> General Fund Revenues
<br /> General Fund revenues budget versus actuals for this fiscal year are at 62.69% as compared to 61.46% the prior
<br /> fiscal year. matching last year's budget versus actual percentage as well. As noted, Federal and State Grant
<br /> revenues continues to be closely monitored and coordinated with departments to ensure reimbursable expenses
<br /> are timely drawn down within the fiscal year.
<br /> • Property Tax collections are 79.02%% of the total Property Tax budget compared to 79.47%% the prior fiscal year.
<br /> Real and personal property tax collections will peak by January 5 when penalties and interest begin to accrue on
<br /> late payments. The property tax revenue growth reflects a tax rate increase from the revenue neutral rate of 62.64
<br /> cents per $100 of assessed value to 63.83 cents per $100 of assessed value. As noted in the first quarter report, the
<br /> County included a 3%tax base loss due to appeals. At the end of the second quarter, tax base appeal loss is at
<br /> 1.25% well within the assessed value adjustment for budgeting purposes. The collection rate assumption of 99.2%
<br /> for real property is expected to be achieved as well.
<br /> • Motor vehicle taxes are payable on the vehicle renewal date, and the tax is based on market value of the vehicle.
<br /> The North Carolina Department of Revenue remits this tax to the County monthly. Registered Motor Vehicle Taxes
<br /> become delinquent after 30 days.
<br /> • The Sales Tax category is comprised of Article 39 (1% point of sale), Article 40 (.5% State-wide per capita) , Article
<br /> 42 (.5% point of sale) and Hold Harmless. Article 40 is designed to ensure equitable distribution to counties
<br /> regardless of their commercial activity levels.
<br /> The FY 2025-26 Budget assumed a 4% growth rate for Article 39 and 42 (point of delivery), and a 3%growth rate
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