b'Special Revenue Funds are those whose revenue sources are legallyrestricted or committed toexpenditure for specic purposes, other than debt service or capital projects. Revenue sources areSpecial many:taxes, fees, charges for services and grants, to name a few.RevenueBeaufort has numerous Special Revenue Funds such as those for State and LocalFundsAccommodations and Hospitality tax, Impact Fees, Disabilities and Special Needs andAlcohol andDrug Abuse programs. Additionally, Elected Ocials may maintaindiscretionary Special RevenueFunds.SummaryA summary of Special Revenue Fund revenue and expenditure comparisons for scal years 2020 through 2023 can be seen below.Beaufort County is projecting $151.7M of revenue in FY2023, which is a signicant increase over the prior year budget. Many reasons for thissignicant increase is due to ARP Act Funds from the Federal Government, along with many other grant sources being budgeted in FY2023.Budgeted expenditures are projected to increase to $145.9M for FY2023 accordingly.$200M$150M$100M Actual Revenue SourceBudgeted Revenue SourceOver Budget Revenue Source$50M Actual ExpendituresBudgeted ExpendituresOver Budget Expenditures$0FY2020 FY2021 FY2022 FY2023 FY2024Beaufort County, SC | Budget Book 2024 Page 105'