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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, 2016
Variance with
Final Budget-
Original
Final
Positive
Budget
Budget
Actual
(Negative)
Revenues:
Taxes:
Ad Valorem Taxes-Current Year
137,693,000
$
137,693,000
$
136,921,843
$
(771,157)
$
Ad Valorem Taxes-Prior Year
2,276,000
2,276,000
1,382,599
(893,401)
State of NC RMV Taxes-Current Year
11,586,000
11,586,000
12,176,233
590,233
Penalties and Interest
845,000
845,000
737,835
(107,165)
Local Option Sales Tax
45,808,934
45,808,934
47,285,057
1,476,123
Vehicle Gross Receipts Tax
265,000
265,000
317,027
52,027
Total Taxes
198,473,934
198,473,934
198,820,594
346,660
Intergovernmental:
State Grants:
Libraries
317,680
317,680
383,054
65,374
State-Shared:
Utility Taxes:
Electric Utility Sales Tax
12,904,843
12,904,843
16,894,306
3,989,463
Piped Natural Gas Sales Tax
1,437,735
1,437,735
952,353
(485,382)
PEG Channel Support
95,446
95,446
83,916
(11,530)
Telecommunications Sales Tax
3,658,103
3,658,103
3,205,816
(452,287)
Video Programming/Telecommunications
Service Sales Tax
2,984,875
2,984,875
2,885,922
(98,953)
Beer and Wine Tax
1,251,750
1,251,750
1,235,242
(16,508)
State Reimbursements/Other:
Court Fees
70,000
70,000
53,983
(16,017)
Payment In Lieu of Taxes
451,746
451,746
479,764
28,018
Local Grants:
PEG Channel Support
28,071
28,071
Economic Development
75,085
75,085
Libraries
1,362,347
1,362,347
1,358,189
(4,158)
School Resource Officer Programs
1,064,051
1,064,051
1,061,054
(2,997)
Environmental Programs
145,000
145,000
187,435
42,435
ABC Board Profit Distribution
3,423,000
3,423,000
3,634,041
211,041
Total Intergovernmental
29,166,576
29,241,661
32,518,231
3,276,570
Licenses and Permits:
Privilege Licenses:
Privilege Licenses-Current Year
19,500
19,500
19,132
(368)
Penalties on Privilege Licenses
400
400
552
152
Privilege Licenses-Prior Years
150
150
6,096
5,946
Penalties on Prior Years' Licenses
50
50
1,141
1,091
Business Permits-Current Year
4,573
4,573
Motor Vehicle Licenses
725,000
725,000
741,101
16,101
Other Licenses and Permits
349,589
349,589
742,378
392,789
Construction Permits:
Building Permits
987,500
987,500
1,177,393
189,893
Electrical Permits
588,642
588,642
639,213
50,571
Plumbing Permits
301,165
301,165
359,656
58,491
Mechanical Permits
617,100
617,100
699,538
82,438
Total Licenses and Permits
3,589,096
3,589,096
4,390,773
801,677
The notes to the financial statements are an integral part of this statement.