Orange County NC Website
2 <br />FINANCIAL IMPACT: The FY 2009-10 Annual Operating Budget includes the following personnel <br />services reductions: <br />12-Month Hirin Dela for Vacant Positions $750,000 <br />Net savin s from Retirement Incentive Pro ram $375,000 <br />Savin s from Volunta Furlou h Pro ram $50,000 <br />Allowance for U to 4% Increase in Coun Paid Health Insurance Premiums $275,000 <br />FY 2009-10 Bud eted Personnel Services Savin s $90q,000 <br />RECOMMENDATION (S): The Manager recommends the Board adopt the "Resolution Determining a <br />Significant Financial Crisis Exists which Will Result in a Decrease of Revenue to the County and <br />Temporary Cost Saving Measures are Necessary to Balance the County's Budget for the FY 2009- <br />2010." In adopting the Resolution, the Board will adopt the amendments to Article IV and Article V of <br />the Orange County Personnel Ordinance and the Retirement Incentive Program. <br />