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- For Fiscal Year 2011, we received 100.2% of budgeted revenue. This resulted in an <br /> excess of budgeted revenue of approximately $301,000 <br /> - The shortfall varied among all categories of revenue <br /> o Property taxes were $2.85 million more than budget <br /> o Sales taxes were $652,000 more than budget <br /> - Appropriated Fund Balance totaled $2.8 million consisting of: <br /> o $1.8 million in encumbrance carry forwards <br /> o $0.9 million for new and continuing programs <br /> Attachment 4b— Preliminary 2010-11 General Fund Expenditures <br /> - Expenditures were $5.2 million less than budget or 97.1% of budget <br /> - Expenditures were less than revenue by $5.6 million which represents an increase in <br /> total fund balance for the fiscal year. <br /> - Total Available Fund Balance is estimated at $29.1 million or 16.5% of General Fund <br /> expenditures and transfers <br /> - Unassigned (Undesignated) Fund Balance is estimated at $27.9 million or 15.8% <br /> General Fund expenditures and transfers <br /> - Unassigned/Available Fund Balance is $6.8 higher than FY 2010 <br /> - Unassigned (Undesignated) Fund Balance is estimated to increase 1 percent this year. <br /> If achieved, the Unassigned (Undesignated) Fund Balance will grow to 17 percent and <br /> meet the BOCC's fund balance target <br /> Attachment 4c—General Fund — Chanqes in Fund Balance for the fiscal year ended, June <br /> 30, 2011 <br /> - Restricted/Reserves for Inventories and Prepaid Expenses increased $35,237 <br /> - Restricted/Reserves for Encumbrances were reduced $1.04 million <br /> - Reserved By State Statute decreased $1 million <br /> - Assigned/Designated for Subsequent Year's Expenses increased $730,000 <br /> - Unassigned/Unreserved Fund Balance increased $6.8 million <br /> Frank Clifton said that the County has buckled down with the budget and many positions <br /> are still empty or frozen. Out-of-state travel has also been limited. Orange County is one of the <br /> highest per-capita income counties in the State, but also one of the lowest per-capita in sales <br /> tax generation, because most people shop elsewhere. Any growth in the retail base is positive <br /> for everybody. <br /> Commissioner Jacobs said that he would like to address the issue of complacency and <br /> discouragement. He said that there were other issues that they could have discussed tonight, <br /> several of which were from the School Collaboration meeting in September. He said that if they <br /> are really fighting for education, then they need to bring up topics that are important and they <br /> need to become more engaged and proactive. <br /> Chair Pelissier said that there was discussion about the funding issue, but they need to <br /> look at more information. There will be more discussion in the future when there is more <br /> information. <br /> Commissioner Gordon asked if the school systems were coordinating any efforts relating <br /> to the '/4 cent sales tax referendum, and indicated that she would like the Board of County <br /> Commissioners to know what was being done <br />