COG 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, 2018
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
$
146,941,000 1,005,000 12,836,000
$
146,941,000 1,005,000 12,836,000
$
146,710,352
$
(230,648) (68,768) (183,289) (36,314)
936,232
12,652,711
Interest on Past Due Taxes Local Option Sales Tax Vehicle Gross Receipts Tax
430,000
430,000
393,686
52,299,000
52,299,000
52,451,375
152,375 16,464
330,000
330,000
346,464
Total Taxes
213,841,000
213,841,000
213,490,820
(350,180)
Intergovernmental: State Grants: Libraries
379,326
379,326
390,052
10,726
State-Shared:
Utility Taxes: Electric Utility Sales Tax Piped Natural Gas Sales Tax
17,341,200
17,341,200
16,333,362 1,323,996
(1,007,838)
822,000 95,446
822,000 95,446
501,996 11,857
PEG Channel Support
107,303
Telecommunications Sales Tax
3,019,200
3,019,200
2,906,232
(112,968)
Video Programming/Telecommunications Service Sales Tax
2,954,730 1,322,900
2,954,730 1,322,900
2,806,101 1,231,566
(148,629) (91,334)
Beer and Wine Tax
State Reimbursements/Other: Court Fees Payment In Lieu of Taxes
55,000 516,746
55,000 516,746
54,817 516,051
(183) (695)
Local Grants: Libraries
1,356,847 1,064,051
1,356,847 1,064,051
1,356,847 1,061,054
School Resource Officer Programs
(2,997) 41,970
Environmental Programs
145,000
145,000
186,970
ABC Board Profit Distribution
3,680,925 32,753,371
3,680,925 32,753,371
3,850,646 32,124,997
169,721
Total Intergovernmental
(628,374)
Licenses and Permits: Privilege Licenses:
Privilege Licenses-Current Year Privilege Licenses-Prior Years
18,800
18,800
20,373
1,573 1,931
950
950
2,881 3,900
Business Permits-Current Year
4,000
4,000
(100)
Motor Vehicle Tax
1,050,000
1,050,000
1,026,949
(23,051)
Other Licenses and Permits
193,330
90,100
125,282
35,182
Construction Permits: Building Permits Electrical Permits Plumbing Permits Mechanical Permits
1,373,750
1,373,750
1,296,499
(77,251) (19,416) (62,064) (110,936) (254,132)
675,620 441,675 791,310
675,620 441,675 791,310
656,204 379,611 680,374
Total Licenses and Permits
4,549,435
4,446,205
4,192,073
The notes to the financial statements are an integral part of this statement.
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