2023 Annual Comprehensive Report

-1 4 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, 2023

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

$ 198,985,000

$ 198,985,000

$ 199,178,058

$

193,058 (408,321) 1,429,970 (27,299) 3,544,908 132,246 4,864,562

918,000

918,000

509,679

15,408,000

15,408,000

16,837,970

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

400,000

400,000

372,701

78,340,000

78,340,000

81,884,908

425,000

425,000

557,246

Total Taxes

294,476,000

294,476,000

299,340,562

Intergovernmental: Federal Grants State Grants: Libraries

347,457

347,457

368,866

21,409

State-Shared:

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

17,000,000 1,100,000 102,000 2,000,000 2,446,075 1,300,000

17,000,000 1,100,000 102,000 2,000,000 2,446,075 1,300,000

17,849,666 1,764,185

849,666 664,185 (25,077) (386,473)

PEG Channel Support

76,923

Telecommunications Sales Tax

1,613,527

Video Programming/Telecommunications Service Sales Tax

2,342,918 1,356,060

(103,157)

Beer and Wine Tax

56,060

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

40,000 567,184

40,000 567,184

32,423 565,361

(7,577) (1,823)

Local Grants: Libraries

1,647,558 1,680,091 335,000 5,200,000 33,765,365

1,647,558 1,680,091 335,000 5,200,000 33,765,365

1,647,558 1,604,161 259,330 5,223,377 34,704,355

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

(75,930) (75,670) 23,377 938,990

Licenses and Permits: Privilege Licenses:

Privilege Licenses-Current Year Privilege Licenses-Prior Years

18,400 1,500 3,500

18,400 1,500 3,500

20,190 1,769 3,300

1,790

269

Business Permits Motor Vehicle Tax Construction Permits: Building Permits Electrical Permits Plumbing Permits Mechanical Permits Other Licenses and Permits

(200)

1,420,000 109,100 1,671,025 901,500 377,874 820,527 5,323,426

1,420,000 109,100 1,671,025 901,500 377,874 820,527 5,323,426

1,393,187

(26,813) (9,877)

99,223

1,742,054 682,218 300,287 682,233 4,924,461

71,029

(219,282) (77,587) (138,294) (398,965)

Total Licenses and Permits

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