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� <br /> Financial Services Director Clarence Grier said that the County has received this award <br /> for many years and he is accepting it on the behalf of the Budget department. He recognized <br /> Paul Laughton, Tonya Walton, and Allison Chambers. <br /> The Board recognized the Orange County Finance Department for earning the <br /> Distinguished Budget Presentation Award. <br /> Clarence Grier recognized Donna Coffey, as this was her last budget cycle with Orange <br /> County. <br /> c. Presentation of Manaqer's Recommended Fiscal Year 2010-11 Annual <br /> Operatinq Budqet <br /> The Board received the Manager's Recommended FY 2010-11 Annual Operating Budget. <br /> Frank Clifton said that the County Commissioners recognized beginning last fiscal year <br /> the hurdles that they would be facing this year. The Board's direction to him was the desire to <br /> bring back a balanced budget with no tax increase. He said that there are only two departments <br /> that will not have fewer employees than last year— Child Support Services and EMS, which are <br /> adding needed staff to improve response time. He said that the County relies heavily on property <br /> taxes for its revenue. He said that over the last few years, the County has drawn down its fund <br /> balances, but this is not a good practice in the long term. He has tried to move the fund balance <br /> to about 10-12%. He said that if there is not more economic development, the County will rely <br /> more heavily on the property tax. <br /> Clarence Grier and Michael Talbert made the PowerPoint presentation. <br /> County Manager's Recommended 2010-11 Annual Operating Budget <br /> Presentation <br /> Southern Human Services Center, Chapel Hill <br /> Orange County, NC <br /> May 18, 2010 <br /> Recommended General Fund Budget <br /> ❑Totals $174.9 million <br /> ■Decrease of $2.7 million from original current year budget of $177.6 million. Represents <br /> an $8.9 million decrease from the current year amended budget. <br /> ■Represents 1.5 percent decrease from previous year original budget. <br /> ❑Budget decreases means everyone — schools, non-profit agencies, and county <br /> departments - receive less money next year than they received this year <br /> Guiding Principles <br /> ■Meets Board directives <br /> ❑Balances County's operating budget without a property tax rate increase <br /> ❑Fund local school districts at 48.1% of the County's General Fund <br /> Proposed Ad Valorem Tax Rate Effective July 1, 2010 <br /> ❑Recommended tax rate of 85.8 cents per$100 of assessed valuation <br /> ■This is the rate that produces $132 million in property tax revenues for FY2010-11 <br /> ■Overall Property valuation increased 1.1% <br /> ❑One cent on property tax estimated to generate $1,521,612 <br />