2025 Annual Comprehensive Report

-14 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, 2025

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

$ 226,835,000

$ 226,835,000

$ 225,184,008

$

(1,650,992) (174,032) 2,540,621 108,443 (170,631) 100,081 753,490

730,000

730,000

555,968

17,734,000

17,734,000

20,274,621

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

350,000

350,000

458,443

89,001,417

89,001,417

88,830,786

425,000

425,000

525,081

Total Taxes

335,075,417

335,075,417

335,828,907

Intergovernmental: Federal Grants

1,594

1,594

State Grants: Libraries State-Shared:

432,900

432,900

392,895

(40,005)

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

19,000,000 1,700,000 102,000 1,500,000 2,294,875 1,313,000

19,000,000 1,700,000 102,000 1,500,000 2,294,875 1,313,000

23,493,439 1,756,420

4,493,439 56,420 (24,799) (40,622) (367,288) (105,506) (14,104) (24,130) 16,640 (12,738) (55,227) (1,134,224) 2,749,450

PEG Channel Support

77,201

Telecommunications Sales Tax

1,459,378

Video Programming/Telecommunications Service Sales Tax

1,927,587 1,207,494

Beer and Wine Tax

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

35,000 567,184

35,000 567,184

20,896 543,054

Local Grants: Libraries

1,664,034 1,680,091 335,000 3,000,000 33,624,084

1,664,034 1,680,091 335,000 3,000,000 33,624,084

1,680,674 1,667,353 279,773 1,865,776 36,373,534

School Resource Officer Programs

PEG Chanel Support

ABC Board Profit Distribution Total Intergovernmental

Licenses and Permits: Privilege Licenses:

Privilege Licenses-Current Year Privilege Licenses-Prior Years

19,000 1,200 3,500

19,000 1,200 3,500

19,990

990

217

(983) (550)

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

2,950

1,420,000 111,650 1,652,059 918,380 391,010 849,200 5,365,999

1,420,000 111,650 1,652,059 918,380 391,010 849,200 5,365,999

1,396,627 163,620 1,913,480 695,050 357,153 718,041 5,267,128

(23,373) 51,970 261,421 (223,330) (33,857) (131,159) (98,871)

Total Licenses and Permits

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