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Cabarrus County, North Carolina
<br />Community Investment Fund
<br />Statement of Revenues and Expenditures - Budget and Actual
<br />As of March 31, 2024*
<br />*this report was pulled prior to month end close
<br />Budgeted Amounts
<br />Variance with
<br />Original
<br />Final
<br />Actual Amounts Encumbrances*
<br />Final Budget
<br />REVENUES
<br />Other Taxes
<br />$ (27,930,000)
<br />$ (27,930,000)
<br />$ (17,784,682) $
<br />$ 10,145,318
<br />Intergovernmental Revenues
<br />(404,000)
<br />(404,000)
<br />(191,879)
<br />212,121
<br />Investement Earnings
<br />(1,032,795)
<br />(1,032,795)
<br />Other Finance Sources
<br />(46,405,961)
<br />(95,710,584)
<br />(82,966,717)
<br />12,743,867
<br />TOTAL REVENUES
<br />$ (74,739,961)
<br />$ (124,044,584)
<br />$ (101,976,072) $
<br />$ 22,068,512
<br />EXPENDITURES
<br />Operations
<br />Capital Outlay
<br />TOTAL EXPENDITURES
<br />Excess (deficiency) of revenues
<br />over (under) expenditures
<br />$ 69,163,094 $ 82,557,926 $ 53,217,423 $ 5,100 $ 29,335,403
<br />5,576,867 41,486,658 - - 41,486,658
<br />$ 74,739,961 $ 124,044,584 $ 53,217,423 $ 5,100 $ 70,822,061
<br />$ $ - $ 48,758,649 $
<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 />(5,100) $ (48,753,549)
<br />% Collected
<br />or Used
<br />63.7%
<br />47.5%
<br />100.0%
<br />86.7%
<br />82.2 %
<br />64.5%
<br />0.0%
<br />42.9 %
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