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� 1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> • ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: April 24, 2012 <br /> Action Agenda <br /> Item No. <br /> SUBJECT: Fiscal Year 2012-13 Budget Drivers <br /> DEPARTMENT: Finance and Administrative PUBLIC HEARING: (Y/N) No <br /> Services <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> Frank Clifton, 919-245-2306 <br /> Clarence Grier, 919-245-2453 <br /> PURPOSE: To receive information in regards to the budget drivers for the upcoming fiscal year <br /> 2012-13 General Fund Budget. <br /> • BACKGROUND: At the Board of County Commissioners (BOCC) Retreat in February 2012, we <br /> provided information on possible budget impacts, based on the information available at that <br /> time, while anticipating the affects on the upcoming FY2012-13 budget process. The <br /> information presented at this work session will update the previous information based on the <br /> budget requests submitted by each County department and both school districts. <br /> We currently anticipate the FY 2012-13 General Fund budget to be approximately $178 million. <br /> Although we anticipate this to be the approximate amount of the budget, we are aware of <br /> several major budget drivers that will need to be addressed as we formulate and finalize the <br /> budget. <br /> The known budget drivers for the FY 2012-13 budget are as follows: <br /> • Medical Health Insurance increases — up to 11.5% $ .75 million <br /> • Retirees Health Annual Funding Requirement 5.20 million <br /> • Emergency Services Requests 1.80 million <br /> • School Districts Budget Requests — up to 6.10 million <br /> • Total budget drivers/impacts $13.85 million <br /> This represents 9.01 cents on the current property tax rate for the FY2012-13 budget. <br /> • <br />