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1 <br />ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: May 28, 2009 <br />SUBJECT: FY 2009-10 Budget Work Session <br />DEPARTMENT: County Manager and Budget PUBLIC HEARING: (YIN) No <br />ATTACHMENT(S): <br />INFORMATION CONTACT: <br />Scenarios For Possible Modifications to the FY Laura Blackmon, (919) 245-2300 <br />2009-10 Manager's Recommended Budget Donna Coffey, (919) 245-2151 <br />PURPOSE: For the Board to have an opportunity to review and discuss the Manager`s <br />Recommended FY 2009-10 budget. <br />BACKGROUND: The County Manager released her 2009-10 recommended budget on May <br />12, 2009. Since that time, the Board has conducted two public hearings to receive residents' <br />comments regarding the proposed funding plan. Tonight's work session is the first opportunity <br />the Board has had to discuss next year's proposed funding plan. <br />The Manager attained the following Board directed guidelines: <br />• County's operating budget was balanced at the County's revenue neutral tax rate (post <br />revaluation rate) of 85.8 cents per $100 assessed value <br />• Monies to fund day-to-day operations, fair funding, repayment of school related debt, <br />and capital equal 48.1 % of the County's FY 2009-10 Recommended General Fund <br />During tonight's work session, the Board plans to discuss the following budget related topics: <br />• FY 2009-10 Annual Operating Budget Revenues, including the financial impacts of <br />reducing ad valorem tax rate below revenue neutral <br />• Chapel Hill Carrboro and Orange County Schools <br />• Durham Technical Community College <br />• County Employee Pay and Compensation <br />During future work sessions in June 2009, the Board will continue to discuss the <br />recommended FY 2009-10 budgets for County operations. The Board plans to adopt the FY <br />2009-10 budget on June 16, 2009. <br />FY 2009-10 Annual Operating Budget Revenues <br />