HomeMy WebLinkAbout3rd Quarter_FY 2026_Major Funds_Financial Presentation
Quarterly
Major Funds
Presentation
3rd Quarter Fiscal Year 2026
March 31, 2026
Table of Contents
Finance Officer’s Presentation .................................................................. 1
General Fund ............................................................................................ 8
Harnett Regional Water Fund ................................................................. 10
Solid Waste Fund .................................................................................... 12
1. General Fund
FYE 2025
Revenues Actual Budget Actual
Same Period
Last Year
Taxes - Ad Valorem 89,678,980$ 86,760,145$ 90,425,467$ 84,458,003$
Sales Tax 32,447,545 32,020,000 17,127,830 15,702,059
All other general fund revenue 50,605,945 80,719,469 32,208,896 34,907,491
General fund - total 172,732,470$ 199,499,614$ 139,762,193$ 135,067,553$
•
•
•The General Fund cash balance as of March 31, 2026 was $90,017,176 as compared to $99,291,953 for
the same period last year.
Harnett County Finance
Quarterly Financial Review
for quarter ended, March 31, 2026
FYE 2026
The collection of ad valorem taxes remained strong during the third quarter. Collections have surpassed
the same period for last fiscal year due to the continued growth of home construction.
The tax collection percentage for FYE 2026 is not yet available. For FYE 2025, the audited collection rate
was 99.32%.
QE 3.30.2026 1 of 13 3rd Quarter_FY 2026_Major Funds_P&L
Harnett County Finance
Quarterly Financial Review
for quarter ended, March 31, 2026
FYE 2025
Expenditures Actual Budget Actual
Same Period
Last Year
General Government 37,975,406$ 45,875,897$ 31,241,673$ 24,106,036$
Public Safety 53,754,914 58,218,336 38,984,462 37,573,460
Transportation 2,782,777 2,847,079 1,408,710 2,032,105
Environmental 483,666 571,720 393,815 330,458
Economic & Physical Dev. 3,664,059 4,219,832 2,861,982 2,611,402
Human Services 34,007,716 38,892,819 25,238,837 23,864,737
Education 38,083,704 42,336,488 31,512,530 29,589,128
Cultural & Recreational 5,981,079 6,537,443 4,254,555 4,454,757
General Fund Expenditures 176,733,322 199,499,614 135,896,563 124,562,084
Revenue Over/(Under) Exp.(4,000,852)$ -$ 3,865,630$ 10,505,470$
FYE 2026
QE 3.30.2026 2 of 13 3rd Quarter_FY 2026_Major Funds_P&L
Harnett County Finance
Quarterly Financial Review
for quarter ended, March 31, 2026
PROJECTED FISCAL YEAR END:
Sources:
Ad Valorem - Real Property 1,228,000$
Ad Valorem - DMV (March - June) 2,838,000
Sales Tax - (March - June) 10,599,218
Restricted revenue and service fees 18,400,000
Total projected sources 33,065,218
Uses:
Salaries and fringes (2.5 months) (18,806,944)$
Operating (8,155,576)
Education - additional low wealth for current year (5,500,000)
Total projected expenditures (32,462,520)
Revenues over/(under) expenses, projected 602,698$
Unassigned Fund Balance, FYE 2025 42,076,534$
Unassigned %, FYE 2025 21.26%
Unassigned Fund Balance, restated as of 5.14.2026 37,430,870$
Unassigned %, restated as of 5.14.2026 18.91%
Unassigned Fund Balance, projected through FYE 2026 38,033,568$
Unassigned %, projected through FYE 2026 19.21%
QE 3.30.2026 3 of 13 3rd Quarter_FY 2026_Major Funds_P&L
Harnett County Finance
Quarterly Financial Review
for quarter ended, March 31, 2026
2. Harnett Regional Water
•Revenues received from fees represent 93.1% of HRW's revenue budget for the year.
•
•
FYE 2025
Revenues Actual Budget Actual
Same Period
Last Year
Service Charges 10,795$ 800,000$ 651,374$ 957,400$
Enterprises Charges 2,766,469$ 2,418,000$ 1,677,263$ 1,991,026$
Facility Fees 49,456,511$ 47,000,000$ 30,166,573$ 33,784,554$
Miscellaneous Income 31,947,378$ 416,909$ 645,038$ 16,015,937$
Non-Revenue Receipts -$ 3,265,929$ 820,929$ -$
HRW - Total Revenue 84,181,152$ 53,900,838$ 33,961,177$ 52,748,917$
Harnett Regional Water's cash balance as of March 31,2026 was $68,594,838 as compared to
$74,009,064 for the same period last year.
Facilities Fees reflected for the current year period of $30,166,573 are less than the prior year due to
software issues and staff turnover. This activity has now been corrected and will reflect moving forward.
FYE 2026
QE 3.30.2026 4 of 13 3rd Quarter_FY 2026_Major Funds_P&L
Harnett County Finance
Quarterly Financial Review
for quarter ended, March 31, 2026
FYE 2025
Expenditures Actual Budget Actual
Same Period
Last Year
Administration 10,360,089$ 8,806,437$ 5,547,942$ 5,226,199$
Lillington Water Treatment Plant 11,188,417 11,867,880 6,953,254 7,003,981
Wastewater Treatment Plant 4,353,895 5,003,956 2,905,813 2,497,448
South Harnett Wastewater Plant 4,847,005 5,075,082 2,921,950 2,473,431
Water Distribution 7,122,982 9,048,784 5,643,846 4,648,516
Sewer Collections 6,294,539 6,762,432 3,695,490 3,449,673
Retiree Insurance 83,786 98,449 79,715 56,315
Non-Departmental 19,385,525 7,237,818 2,965,929 -
Total Expenditures 63,636,238 53,900,838 30,713,939 25,355,562
Revenue Over/(Under) Expenditures 20,544,914$ -$ 3,247,238$ 27,393,355$
FYE 2026
QE 3.30.2026 5 of 13 3rd Quarter_FY 2026_Major Funds_P&L
Harnett County Finance
Quarterly Financial Review
for quarter ended, March 31, 2026
3. Solid Waste
•
•
•
FYE 2025
Revenues Actual Budget Actual
Same Period
Last Year
Restricted Revenue 418,366$ 375,000$ 223,687$ 232,861$
Service Charges 8,173$ -$ 2,075$ 211,589$
Enterprise Charges 3,472,432$ 3,846,373$ 2,832,266$ 2,720,493$
Facility Fees 4,919,568$ 4,983,554$ 5,183,197$ 4,999,489$
Miscellaneous Income 109,717$ 143,511$ 136,602$ 1,517,291$
HRW - Total Revenue 8,928,255$ 9,348,438$ 8,377,827$ 9,681,722$
Revenues received from Enterprise Charges and Facility Fees represent 95%of Solid Waste's revenue
budget for the year.
Solid Waste cash balances as of March 31,2026 was $7,418,532 as compared to $6,989,733 for the same
period last year.
Solid Waste, Overall - The financial position of the Solid Waste Fund continues to remain positive in
response to the continued growth of the county and demand for services.
FYE 2026
QE 3.30.2026 6 of 13 3rd Quarter_FY 2026_Major Funds_P&L
Harnett County Finance
Quarterly Financial Review
for quarter ended, March 31, 2026
FYE 2025
Expenditures Actual Budget Actual
Same Period
Last Year
Solid Waste Management 7,002,160$ 8,943,744$ 5,564,044$ 5,143,338$
Retiree Insurance 23,993 16,728 13,406 13,349
Non-Departmental 2,107,556 387,966 - -
Total Expenditures 9,133,710 9,348,438 5,577,450 5,156,687
Revenue Over/(Under) Expenditures (205,454)$ -$ 2,800,377$ 4,525,036$
FYE 2026
QE 3.30.2026 7 of 13 3rd Quarter_FY 2026_Major Funds_P&L
Revenue
Category Budget Actual Budget Actual Budget Actual
30 - TAXES - AD VALOREM -81,560,000 -83,791,703.86 -86,760,145 -89,678,979.71 92,997,541 90,425,467.35 84,458,003.10
31 - TAXES - SALES -26,561,800 -30,207,510.88 -30,003,000 -32,447,545.36 32,020,000 17,127,829.90 15,702,059.21
32 - TAXES - OTHER -1,164,000 -1,660,194.64 -1,300,000 -1,902,056.70 1,600,000 1,505,606.96 1,354,044.30
33 - RESTRICTED REVENUE -23,773,916 -21,228,941.08 -24,162,507 -22,839,233.39 20,716,292 11,492,333.62 13,301,897.19
34 - RESTRICTED REVENUE -6,100,000 -5,338,962.28 -4,000,000 -4,862,224.31 4,000,000 2,614,580.75 4,246,850.68
35 - SERVICE CHARGES -16,578,749 -18,673,294.77 -20,713,080 -19,363,510.45 22,174,118 15,334,634.08 14,788,850.65
36 - ENTERPRISE CHARGES 0 -6,325.96 0 -7,616.98 0 2,839.90 7,354.58
37 - FACILITY FEES 0 -3,487.26 0 0.00 0 0.00 0.00
38 - MISCELLANEOUS INCOME -820,092 -295,021.92 -1,126,523 -1,546,158.24 1,156,091 1,258,900.29 1,208,493.49
39 - NON-REVENUE RECEIPTS -12,468,816 -95,803.00 -19,465,693 -85,145.00 24,835,572 0.00 0.00
110 - GENERAL FUND REVENUE -$169,027,373 -$161,301,245.65 -$187,530,948 -$172,732,470.14 -$199,499,614 -$139,762,192.85 -$135,067,553.20
Expense Function
Department Budget Actual Budget Actual Budget Actual
00 - GENERAL GOVERNMENT $37,665,878 $37,283,153.59 $38,812,705 $37,975,405.79 45,875,897 31,241,673.00 24,106,035.91
10 - PUBLIC SAFETY $50,324,414 $48,266,396.74 $56,857,434 $53,754,913.66 58,218,336 38,984,462.14 37,573,460.31
20 - TRANSPORTATION $3,020,228 $1,765,441.27 $3,449,538 $2,782,777.10 2,847,079 1,408,710.09 2,032,105.31
30 - ENVIRONMENTAL PROTECTION $515,709 $492,049.20 $528,094 $483,666.26 571,720 393,814.71 330,457.80
40 - ECONOMIC & PHYSICAL DEVELOPMNT $3,295,554 $3,079,713.95 $4,228,024 $3,664,059.11 4,219,832 2,861,981.64 2,611,402.40
50 - HUMAN SERVICES $38,433,227 $32,009,151.53 $39,025,318 $34,007,716.10 38,892,819 25,238,837.20 23,864,737.47
60 - DEBT SERVICES $0 $0.00 $0 $0.00 0 0.00 0.00
70 - EDUCATION $30,119,584 $29,937,602.93 $38,257,070 $38,083,704.47 42,336,488 31,512,529.59 29,589,127.52
80 - CULTURAL & RECREATION $5,652,779 $5,059,285.10 $6,372,765 $5,981,079.23 6,537,443 4,254,554.74 4,454,757.02
110 - GENERAL FUND EXPENSE $169,027,373 $157,892,794.31 $187,530,948 $176,733,321.72 $199,499,614 $135,896,563.11 $124,562,083.74
110 - GENERAL FUND REVENUE (OVER) /
UNDER EXPENSES $0 $3,408,451.34 $0 $4,000,851.58 $0 $3,865,629.74 $10,505,469.46
Same Period Last
Year
FY 2026FY 2025FY 2024
Same Period Last
Year
FY 2026FY 2025
General Fund
Unaudited as of March 31, 2026
FY 2024
General Fund 110 8 of 13 3rd Quarter_FY 2026_Major Funds_P&L
Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year
2021 2022 2023 2024 2025 2026
July $33,238,397.31 $42,138,468.69 $54,281,722.96 $61,938,453.15 $69,414,810.08 $66,128,123.96
August $30,766,642.59 $27,193,882.75 $50,916,962.51 $60,497,443.11 $68,019,600.27 $64,503,232.52
September $31,436,740.68 $28,797,031.28 $53,275,613.95 $62,210,399.86 $68,281,577.16 $50,545,903.38
October $32,621,237.60 $29,562,531.87 $53,221,696.77 $61,191,258.32 $65,025,312.15 $48,230,784.44
November $55,768,728.62 $53,048,249.28 $84,574,717.48 $88,644,054.16 $94,908,733.00 $80,887,893.05
December $52,233,891.79 $62,382,452.13 $98,791,252.21 $98,640,706.84 $104,925,039.00 $86,804,087.44
January $53,864,998.95 $66,631,763.25 $103,901,132.64 $105,847,987.63 $111,531,956.63 $91,690,066.86
February $52,435,487.27 $64,815,294.91 $95,758,773.44 $107,597,437.01 $97,911,038.88 $87,236,954.60
March $54,340,963.07 $68,066,131.09 $86,276,904.65 $109,589,425.92 $99,291,952.56 $90,017,176.44
April $53,068,500.85 $67,511,156.89 $85,610,715.71 $99,944,582.15 $89,413,937.43
May $52,229,820.40 $63,702,091.44 $72,169,732.05 $79,620,028.38 $87,943,155.92
June $45,039,854.80 $57,567,146.97 $67,132,348.80 $72,730,407.77 $68,412,351.34
CASH
General Fund
Unaudited as of March 31, 2026
General Fund Cash 9 of 13 3rd Quarter_FY 2026_Major Funds_P&L
Revenue
Category Budget Actual Budget Actual Budget Actual
33 - RESTRICTED REVENUE 0 0.00 0 0.00 0 0.00 0.00
35 - SERVICE CHARGES -250,000 -1,297,115.47 -750,000 -10,794.71 800,000 651,374.48 957,399.69
36 - ENTERPRISE CHARGES -2,113,000 -2,448,342.41 -2,418,000 -2,766,468.89 2,418,000 1,677,263.04 1,991,026.40
37 - FACILITY FEES -40,635,000 -47,630,098.56 -43,600,000 -49,456,510.63 47,000,000 30,166,573.12 33,784,554.11
38 - MISCELLANEOUS INCOME -340,000 -14,723,084.15 -455,517 -31,947,377.88 416,909 645,037.71 16,015,937.25
39 - NON-REVENUE RECEIPTS -1,993,600 0.00 -2,982,700 0.00 3,265,929 820,928.79 0.00
610 - HRW FUND REVENUE -$45,331,600 -$66,098,640.59 -$50,206,217 -$84,181,152.11 -$53,900,838 -$33,961,177.14 -$52,748,917.45
Expense Function
Department Budget Actual Budget Actual Budget Actual
7111 - HRW ADMINISTRATION 8,811,539 6,401,417.80 10,936,679 10,360,088.89 8,806,437 5,547,941.56 5,226,198.55
7113 - LILLINGTON WATER TRTMNT PLANT 9,504,517 9,095,173.58 11,418,340 11,188,417.09 11,867,880 6,953,253.71 7,003,980.53
7115 - WASTEWATER TREATMENT PLANT 4,179,100 3,785,761.12 4,765,941 4,353,895.12 5,003,956 2,905,813.15 2,497,448.44
7117 - SOUTH HARNETT WASTEWATER PLANT 4,218,793 3,736,967.98 4,517,588 4,847,004.52 5,075,082 2,921,949.56 2,473,431.49
7119 - WATER DISTRIBUTION 7,439,204 5,974,479.38 7,531,165 7,122,982.41 9,048,784 5,643,846.39 4,648,515.53
7121 - SEWER COLLECTIONS 6,002,962 3,473,085.61 6,549,571 6,294,539.40 6,762,432 3,695,490.43 3,449,672.84
7131 - RETIREE INSURANCE HRW 75,824 75,724.44 55,426 83,785.81 98,449 79,715.13 56,315.00
9990 - NON-DEPARTMENTAL 5,099,661 19,518,297.23 4,431,507 19,385,524.89 7,237,818 $2,965,929.00 0.00
610 - HRW FUND EXPENSE $45,331,600 $52,060,907.14 $50,206,217 $63,636,238.13 $53,900,838 $30,713,938.93 $25,355,562.38
610 - HRW FUND REVENUE (OVER) /
UNDER EXPENSES $0 $14,037,733.45 $0 $20,544,913.98 $0 $3,247,238.21 $27,393,355.07
Same Period Last
Year
FY 2026FY 2025FY 2024
Same Period Last
Year
FY 2026FY 2025
Harnett Regional Water Fund
Unaudited as of March 31, 2026
FY 2024
HRW Fund 610 10 of 13 3rd Quarter_FY 2026_Major Funds_P&L
Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year
2021 2022 2023 2024 2025 2026
July $56,308,485.60 $51,396,573.71 $69,906,540.92 $47,872,143.43 $61,041,794.93 $65,611,573.62
August $57,887,471.15 $53,478,105.50 $71,395,812.59 $49,668,609.87 $62,651,420.27 $67,117,307.05
September $53,052,496.69 $54,740,839.35 $72,918,273.72 $51,309,490.06 $63,405,107.98 $68,567,856.53
October $41,972,645.61 $57,802,598.49 $74,956,217.38 $53,345,216.44 $65,247,779.18 $71,432,906.62
November $44,623,020.08 $59,929,869.87 $77,010,360.42 $55,515,423.72 $65,762,146.09 $72,328,736.98
December $46,244,526.10 $61,433,187.37 $78,805,658.04 $56,834,058.40 $68,979,136.35 $72,131,235.31
January $47,842,388.74 $63,336,473.21 $79,769,987.45 $58,466,164.77 $70,121,077.48 $77,609,069.46
February $49,655,875.28 $65,045,521.23 $56,832,826.21 $59,569,273.61 $70,558,215.02 $72,931,593.99
March $51,249,479.82 $62,345,519.84 $53,955,027.95 $61,972,230.67 $74,009,063.72 $68,594,835.02
April $52,788,896.94 $62,323,826.87 $55,336,607.53 $62,083,104.02 $72,281,317.39
May $55,026,201.87 $57,960,361.56 $56,053,548.68 $59,428,422.60 $73,903,541.71
June $48,531,475.46 $58,710,523.48 $45,653,091.25 $59,303,866.71 $64,259,140.69
CASH
Harnett Regional Water Fund
Unaudited as of March 31, 2026
HRW Fund Cash 11 of 13 3rd Quarter_FY 2026_Major Funds_P&L
Revenue
Category Budget Actual Budget Actual Budget Actual
30 - TAXES - AD VALOREM 0 0.00 0 0.00 0 0.00 0.00
33 - RESTRICTED REVENUE -300,000 -418,365.90 -300,000 -453,883.60 375,000 223,686.65 232,860.96
35 - SERVICE CHARGES 0 -8,172.54 -6,858 -7,593.55 0 2,074.97 211,589.35
36 - ENTERPRISE CHARGES -4,122,082 -3,472,431.85 -3,912,000 -3,709,663.88 3,846,373 2,832,265.96 2,720,492.56
37 - FACILITY FEES -4,822,000 -4,919,568.05 -4,822,000 -5,084,523.59 4,983,554 5,183,196.87 4,999,488.73
38 - MISCELLANEOUS INCOME -185,000 -109,717.11 -185,000 -1,629,264.51 143,511 136,602.42 1,517,290.69
39 - NON-REVENUE RECEIPTS 0 0.00 0 0.00 0 0.00 0.00
660 - SOLID WASTE FUND REVENUE -$9,429,082 -$8,928,255.45 -$9,225,858 -$10,884,929.13 -$9,348,438 -$8,377,826.87 -$9,681,722.29
Expense Function
Department Budget Actual Budget Actual Budget Actual
7410 - SOLID WASTE MANAGEMENT 7,763,141 7,002,160.47 8,364,989 8,133,451.92 8,943,744 5,564,043.97 5,143,337.73
7431 - RETIREE INSURANCE SW 29,712 23,993.00 19,356 15,649.00 16,728 13,405.60 13,349.00
9990 - NON-DEPARTMENTAL 1,636,229 2,107,556.06 841,513 1,822,961.94 387,966 $0.00 0.00
610 - SOLID WASTE FUND EXPENSE $9,429,082 $9,133,709.53 $9,225,858 $9,972,062.86 $9,348,438 $5,577,449.57 $5,156,686.73
660 - SOLID WASTE FUND REVENUE (OVER)
/ UNDER EXPENSES $0 $205,454.08 $0 $912,866.27 $0 $2,800,377.30 $4,525,035.56
Same Period Last
Year
FY 2026FY 2025FY 2024
Same Period Last
Year
FY 2026FY 2025
Solid Waste Fund
Unaudited as of March 31, 2026
FY 2024
Solid Waste Fund 660 12 of 13 3rd Quarter_FY 2026_Major Funds_P&L
Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year
2021 2022 2023 2024 2025 2026
July $3,387,995.72 $4,457,425.74 $5,242,053.75 $6,062,990.75 $4,010,424.05 $4,625,854.96
August $3,375,944.64 $4,647,598.39 $5,341,058.08 $6,031,473.51 $4,200,624.43 $4,783,441.62
September $3,607,274.52 $4,882,131.66 $5,547,560.45 $6,165,598.96 $4,171,541.67 $4,724,688.67
October $3,759,678.53 $5,029,336.00 $5,661,414.55 $6,206,732.64 $4,118,282.99 $4,569,608.36
November $5,581,197.69 $6,828,615.40 $7,650,032.21 $7,989,843.51 $6,093,113.94 $6,642,978.77
December $6,451,303.81 $7,686,623.97 $8,441,890.85 $8,430,714.10 $6,653,667.81 $7,458,133.24
January $5,784,640.53 $8,071,097.98 $8,957,335.18 $9,146,711.33 $7,184,250.03 $7,647,818.58
February $5,844,033.09 $8,201,845.59 $9,072,792.36 $9,137,363.91 $7,228,842.25 $7,526,258.84
March $5,773,139.20 $8,188,060.38 $8,162,225.83 $9,040,116.04 $6,989,733.30 $7,418,532.03
April $5,713,193.95 $7,697,878.34 $7,939,798.65 $8,593,194.34 $6,787,252.43
May $5,677,132.65 $7,291,803.85 $7,812,630.66 $6,819,352.41 $6,355,795.72
June $4,646,306.54 $5,409,762.66 $6,655,083.50 $4,302,339.14 $4,898,290.11
CASH
Solid Waste Fund
Unaudited as of March 31, 2026
Solid Waste Fund Cash 13 of 13 3rd Quarter_FY 2026_Major Funds_P&L