2019 Comprehensive Annual Financial Report (CAFR)

-12- Exhibit A-7 Page 1 of 8

General Fund

Statement of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2019

Variance with Final Budget-

Original Budget

Final

Positive (Negative)

Budget

Actual

Revenues: Taxes: Ad Valorem Taxes-Current Year Ad Valorem Taxes-Prior Year State of NC RMV Taxes-Current Year

$ 149,163,000

$ 149,163,000

$ 148,891,161

$

(271,839) (105,392) 126,578 (25,384) 659,665 38,624 422,252

907,000

907,000

801,608

13,111,000

13,111,000

13,237,578

Interest on Past Due Taxes Local Option Sales Tax Vehicle Gross Receipts Tax

451,000

451,000

425,616

55,843,000

55,843,000

56,502,665

344,000

344,000

382,624

Total Taxes

219,819,000

219,819,000

220,241,252

Intergovernmental: State Grants: Libraries

390,052

390,052

334,667

(55,385)

State-Shared:

Utility Taxes: Electric Utility Sales Tax Piped Natural Gas Sales Tax

16,231,000 1,219,000

16,231,000 1,219,000

17,360,679 1,252,904 107,974 2,659,502 2,651,674 1,245,218

1,129,679 33,904 12,528 (65,498) (196,201) (76,782)

PEG Channel Support

95,446

95,446

Telecommunications Sales Tax

2,725,000

2,725,000

Video Programming/Telecommunications Service Sales Tax

2,847,875 1,322,000

2,847,875 1,322,000

Beer and Wine Tax

State Reimbursements/Other: Court Fees Payment In Lieu of Taxes

58,000 521,746

58,000 521,746

48,817 526,660

(9,183) 4,914

Local Grants: Libraries

1,356,847 1,064,051 219,366 4,235,000 32,285,383

1,356,847 1,064,051 219,366 4,235,000 32,285,383

1,356,847 1,061,054 220,939 4,530,893 33,357,828

School Resource Officer Programs Environmental Programs ABC Board Profit Distribution Total Intergovernmental

(2,997) 1,573

295,893 1,072,445

Licenses and Permits: Privilege Licenses:

18,800 1,200

18,848 1,493

48

Privilege Licenses-Current Year Privilege Licenses-Prior Years Business Permits: Business Permits-Current Year Business Permits-Prior Years

18,800 1,200

293

4,000

4,000

3,800

(200)

50

50

Motor Vehicle Tax

1,050,000

1,050,000

1,034,859 117,969

(15,141) 26,869 (544,259) (46,967) (81,438) (63,533) (724,278)

Other Licenses and Permits Construction Permits: Building Permits

91,100

91,100

1,458,965 693,000 382,000 708,750 4,407,815

1,458,965 693,000 382,000 708,750 4,407,815

914,706 646,033 300,562 645,217

Electrical Permits Plumbing Permits Mechanical Permits

Total Licenses and Permits

3,683,537

The notes to the financial statements are an integral part of this statement.