2024 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, 2024

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

$ 215,865,000

$ 215,865,000

$ 222,026,988

$

6,161,988 (383,872) 1,201,992 (56,727) (4,088,016) 126,208 2,961,573

818,000

818,000

434,128

17,026,000

17,026,000

18,227,992

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

400,000

400,000

343,273

87,997,330

87,997,330

83,909,314

425,000

425,000

551,208

Total Taxes

322,531,330

322,531,330

325,492,903

Intergovernmental: Federal Grants State Grants: Libraries

368,866

368,866

474,233

105,367

State-Shared:

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

18,000,000 1,500,000 102,000 1,190,000 2,454,875 1,313,000

18,000,000 1,500,000 102,000 1,190,000 2,454,875 1,313,000

21,086,070 1,545,598

3,086,070 45,598 (24,581) 333,598 (324,760) 153,259 (15,245) (20,279)

PEG Channel Support

77,419

Telecommunications Sales Tax

1,523,598

Video Programming/Telecommunications Service Sales Tax

2,130,115 1,466,259

Beer and Wine Tax

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

40,000 567,184

40,000 567,184

24,755 546,905

Local Grants: Libraries

1,664,034 1,680,091 335,000 5,250,000 34,465,050

1,664,034 1,680,091 335,000 5,250,000 34,465,050

1,664,034 1,635,444 222,513 2,462,079 34,859,022

School Resource Officer Programs

(44,647) (112,487) (2,787,921)

PEG Chanel Support

ABC Board Profit Distribution Total Intergovernmental

393,972

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

20,638

2,238 (1,167)

333

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

2,905

(595)

1,420,000 111,650 1,705,725 919,530 357,000 791,010 5,328,315

1,420,000 111,650 1,705,725 919,530 357,000 791,010 5,328,315

1,381,993 130,994 1,454,300 714,946 358,313 726,054 4,790,476

(38,007) 19,344 (251,425) (204,584) (64,956) (537,839) 1,313

Total Licenses and Permits

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