b'The General Fund is the Countys primary operating fund. It accounts for the majority of theCountys activities; it derives a large portion of its revenues from property tax and charges forservices, and spends resources on most County oces or departments; chief among them are theSheri, Emergency Medical Services, Public Works, Parks and Recreation and the Courts.The criteria for determining whether an activity is accounted for in the General Fund is simply thatthe activity is not required to be accounted for and reported under any other fund. Thus, theGeneral Fund acts as a catch-all for any activity that cannot be placed in a dierent fund. TheGeneral FundGeneral Fund is subject to annual appropriation by the governing body. Since the resources of theGeneral Fund are not typically restricted to specic purposes like the resources of SpecialRevenue, Capital Projects, or Fiduciary funds, they may be accumulated in the form of a fundbalance (assets exceeding liabilities) for rainy day events such as emergencies, catastrophes, orother unforeseen demands. The Countys scal policy is to maintain a healthy fund balancewhereby citizens are guarded against the nancial strains of uctuating revenues caused bychanges in economic conditions, unexpected service needs or disruption in the event ofunexpected natural or man-made disasters.SummaryBeaufort County, SC is projecting $152.23M of revenue in FY2024, which represents a 7.1% increase over the prior year. Budgetedexpenditures are projected to increase by 7.1% or $10.12M to $152.23M in FY2024.$200M$150M$100MActual Revenue SourceBudgeted Revenue SourceOver Budget Revenue Source$50M Actual ExpendituresBudgeted Expenditures$0FY2020 FY2021 FY2022 FY2023 FY2024Beaufort County, SC | Budget Book 2024 Page 41'