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.