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ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: February 12, 2009 <br /> Action Agenda <br /> Item No. 1 <br /> SUBJECT: FY 2009-10 Budget Work Session <br /> DEPARTMENT: County Manager and Budget PUBLIC HEARING: (YIN) No <br /> ATTACHMENT(S): <br /> Attachment 1. Guiding Principles for County <br /> Priorities, FY 2009-10 <br /> Attachment 2. Identified Priorities for FY INFORMATION CONTACT: <br /> 2009-10 <br /> Attachment 3. Items for Board Consideration Laura Blackmon, (919) 245-2300 <br /> in Developing FY 2009-10 Donna Coffey, (919) 245-2151 <br /> Budget <br /> Attachment 4. January 27, 2009 Willie Best, (919) 245-2300 <br /> Memorandum: Preliminary <br /> Projects for the Federal <br /> Stimulus Package <br /> Attachment 5. Stimulus Package Submissions <br /> from Schools <br /> PURPOSE: For the Board to make decisions regarding development of the FY 2009-10 <br /> budget. <br /> BACKGROUND: <br /> 1) Current Year Fiscal Update <br /> * Recommended Board Action — The County Manager recommends the Board <br /> receive an update from staff regarding the County's current FY 2008-09 fiscal <br /> status. <br /> a) Revenues — Overall revenue collections are on target with where they should be <br /> at this point in the fiscal year. <br /> i) Real Property Taxes — Preliminary reports from the Collections department <br /> indicate property tax revenues to-date are consistent with past years' <br /> collection rates. Of the $117.9 million budgeted for real property taxes, the <br />