2020 Comprehensive Annual Financial Report

-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, 2020

Variance with Final Budget-

Original Budget

Final

Positive

Budget

Actual

(Negative)

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

$ 159,883,000

$ 159,883,000

$ 160,062,392

$

179,392 33,161 226,465 (11,449) 183,086 (6,191) 604,464

922,000

922,000

955,161

13,720,000

13,720,000

13,946,465

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

390,000

390,000

378,551

55,467,750

55,467,750

55,650,836

350,000

350,000

343,809

Total Taxes

230,732,750

230,732,750

231,337,214

Intergovernmental: State Grants: Libraries

334,667

334,667

337,505

2,838

State-Shared:

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

17,423,575 1,194,755 102,000 2,668,000

17,423,575 1,194,755 102,000 2,668,000

16,813,088 1,022,548 102,562 2,152,795

(610,487) (172,207)

PEG Channel Support

562

Telecommunications Sales Tax

(515,205)

Video Programming/Telecommunications Service Sales Tax

2,733,475 1,250,000

2,733,475 1,250,000

2,581,846 1,257,226

(151,629)

Beer and Wine Tax

7,226

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

53,000 521,746

53,000 521,746

42,825 518,303

(10,175) (3,443)

Local Grants: Libraries

1,356,847 1,064,051 219,366 4,100,000 33,021,482

1,356,847 1,064,051 219,366 4,100,000 33,021,482

1,356,847 1,061,054 239,774 4,902,116 32,388,489

School Resource Officer Programs Environmental Programs ABC Board Profit Distribution

(2,997) 20,408 802,116 (632,993)

Total Intergovernmental

Licenses and Permits: Privilege Licenses:

Privilege Licenses-Current Year Privilege Licenses-Prior Years

18,800 1,200 4,000

18,800 1,200 4,000

18,333 2,715 3,110

(467)

1,515

Business Permits Motor Vehicle Tax

(890)

1,320,000 121,100 1,116,545 726,580 366,055 696,160 4,370,440

1,320,000 121,100 1,116,545 726,580 366,055 696,160 4,370,440

1,344,088

24,088 (35,732)

Other Licenses and Permits

85,368

Construction Permits: Building Permits Electrical Permits Plumbing Permits Mechanical Permits

1,215,667 572,453 307,850 619,488 4,169,072

99,122

(154,127) (58,205) (76,672) (201,368)

Total Licenses and Permits

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