Orange County NC Website
Browse       Search
To the extent that undesignated fund balance exceeds the budgeted goals, the County could <br /> consider drawing upon fund balance to fund major equipment purchases or one time on a pay- <br /> as-you-go basis. <br /> Fund Balance <br /> Undesignated Fund Balance —Available <br /> County Pop Group <br /> 6/30/07 $21,384,544 13.48% 19.24% <br /> 6/30/08 $23,803,324 15.09% 18.26% <br /> 6/30/09 $18,977,470 11.40% <br /> 2004 & 2005 Below 10.00% <br /> New Funding Issues <br /> •Net New Debt Service $2.5 million <br /> •Salaries Budgeted at 100% $1.1 million <br /> •Retirement Increase 1.55% $.7 million <br /> •Rebuilding Fund Balance $.4 million <br /> - General Fund Cash Flow - $79,135,187 at this time <br /> Existing Funding Issues <br /> •Capital Investment Plan <br /> Schools $4.3 million <br /> County $2.6 million <br /> •Rebuilding Fund Balance $ 400,000 <br /> • Operating Budget Growth $ 0 <br /> Spending Strategies <br /> •Defer CIP funding - County <br /> •Eliminate Vacant Positions <br /> • Reduce funding to Outside Agencies <br /> Revenue Strategies <br /> •Increase Fees & Charges for Services <br /> •Article 46 Sales Tax 1/4 cent—Voter Approval <br /> $2.5 Million <br /> •Increase Property Tax - 1 cent = $1.5 Million <br /> Goals & Priorities <br /> 2010-11 Board of County Commissioners Goals <br />