Orange County NC Website
Browse       Search
4 <br /> inspections, the County has received about $375,000 or 45% of the <br /> total $830,000 budgeted at mid-year. <br /> Expenditures — Overall expenditures are on target with where they should be <br /> at this point in the fiscal year. In September 2008, the County Manager put <br /> into place a number of budget directives for the current fiscal year. The intent <br /> of this precautionary measure action was to ensure that at year-end County <br /> expenditures did not exceed anticipated revenue collections. The list below <br /> outlines current year budget directives and guidance the Manager has issued <br /> to date: <br /> • Continuing the County's 3-month hiring delay <br /> • Reserving 2% of budgeted operating expenditures <br /> O Postponing vehicle and equipment purchases <br /> • Delaying other capital expenditures <br /> • No out of state travel <br /> O Postponing other travel if possible <br /> ® Reducing fuel consumption by at least 10 percent <br /> Other counties throughout the State have also implemented similar measures <br /> in reaction to the slowing economy. <br /> Since September, the economy has continued to spiral downward and <br /> increasing layoffs have begun to impact demand for services such as food (' <br /> stamps and utility assistance payments. The Department of Social Services <br /> reports significant increases in requests for services. Attachment 5 is an <br /> Economic Impact Report prepared by DSS Director Nancy Coston. The <br /> Manager recommends the Board take time during this portion of tonight's <br /> work session to talk with Ms. Coston about the report. <br /> b) FY 2009-10 Preliminary Outlook <br /> In light of current and anticipated economic conditions, staff plans to exercise <br /> conservatism and caution in developing revenue projections for FY 2009-10. It is <br /> very likely that overall revenues will not increase and in some instances, the <br /> County will probably experience decreases in some revenues such as sales <br /> taxes and motor vehicle property taxes. <br /> During the September 9, 2008 work session, staff shared a very preliminary <br /> budget driver list for FY 2009-10. At that time, the projected difference between <br /> anticipated revenues and expenditures for the upcoming fiscal year was $9.5 <br /> million. Examples of increased appropriations anticipated for next fiscal year <br /> include debt service ($2.7 million), opening new County facilities ($2.5 million) <br /> and funding new students at the current year per pupil rate of $3,200 ($1.3 <br /> million). As a point of reference, preliminary staff projections indicate one cent <br /> on the tax rate for FY 2009-10 will generate between $1.3 and $1.4 million. <br /> County departments have already started formulating their budget requests for <br /> next fiscal year. As the initial step, the Manager has directed County <br />