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Cabarrus County, North Carolina
<br />Community Investment Fund
<br />Statement of Revenues and Expenditures - Budget and Actual
<br />As of December 31, 2024*
<br />*this report was pulled prior to month end close
<br />Budgeted Amounts
<br />Variance with
<br />% Collected
<br />Original
<br />Final
<br />Actual Amounts
<br />Encumbrances*
<br />Final Budget
<br />or Used
<br />REVENUES
<br />Other Taxes
<br />$
<br />(28,426,000)
<br />$
<br />(28,426,000)
<br />$
<br />(10,639,331)
<br />$
<br />$
<br />17,786,669
<br />37.4%
<br />Intergovernmental Revenues
<br />(404,000)
<br />(404,000)
<br />(192,404)
<br />-
<br />211,596
<br />47.6%
<br />Investement Earnings
<br />(1,348,780)
<br />-
<br />(1,348,780)
<br />100.0%
<br />Other Finance Sources
<br />(45,218,224)
<br />(80,257,666)
<br />(42,736,322)
<br />-
<br />37,521,344
<br />53.2%
<br />TOTAL REVENUES
<br />$
<br />(74,048,224)
<br />$
<br />(109,087,666)
<br />$
<br />(54,916,837)
<br />$ -
<br />$
<br />54,170,829
<br />50.3%
<br />EXPENDITURES
<br />Operations
<br />$
<br />72,318,642
<br />$
<br />105,284,261
<br />$
<br />50,204,400
<br />$ 371,368
<br />$
<br />54,708,493
<br />48.0%
<br />Capital Outlay
<br />1,729,582
<br />3,803,405
<br />-
<br />-
<br />3,803,405
<br />0.0%
<br />TOTAL EXPENDITURES
<br />$
<br />74,048,224
<br />$
<br />109,087,666
<br />$
<br />50,204,400
<br />$ 371,368
<br />$
<br />58,511,898
<br />46.4%
<br />Excess (deficiency) of revenues
<br />over (under) expenditures $ $ - $ 4,712,437 $ (371,368) $ (4,341,068)
<br />* In order to be compliant with G.S. 159-28, all p-card transactions are encumbered in the departmental functions within their budgets
<br />Page 294
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