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5 Q4 F I N A N C I A L H I G H L I G H T S FY 2025 C A RY, N O RT H C A R O L I N A F Y 2 0 25 4 T H Q U A R T E R R E P O R T F Y 2 0 2 5 F O U RT H Q U A RT E R F I N A N C I A L R E S U LT S G E N E R A L F U N D F Y 2 0 2 5 Q 4 G E N E R A L F U N D S U M M A RY FY 2025 ADJ BUDGET FY 2025 YTD ACTUAL % OF BUDGET FY 2024 YTD ACTUAL CHANGE FROM PRIOR YEAR ($) CHANGE FROM PRIOR YEAR (%) Revenues $ 290.9 $ 261.4 90% $ 241.1 $ 20.3 8% Expenditures 290.9 263.2 90% 254.2 9.0 4% T O TA L R E V E N U E OV E R / ( U N D E R ) E X P E N D I T U R E S $ - $ ( 1. 8 ) - $ ( 13 .1 ) $ 11. 3 - 8 6 % * The above and following tables are represented in millions. Revenues, authorized expenditures, and transfers between funds are classified and summarized differently for the Council budget ordinance and for accounting and reporting purposes. Individual line items are consistent. The annual budgets referred to throughout this report reflect the budget as of the quarter end as adjusted (ADJ) by Council action or staff action where authorized. Net results for Q4 show marked improvement compared with the same period last year. Revenues increased by 8%, largely driven by the effective property tax rate increase included in the FY 2025 budget. Expenditures rose by 4%, which aligns with current budget expectations and mirrors trends observed in the fourth quarter of the previous fiscal year. These results reflect steady financial performance and continued alignment with Council's adopted budget framework.

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