Orange County NC Website
o Annual compensation for Commissioners will include a County contribution for <br /> each Commissioner to the Deferred Compensation (457) Supplemental <br /> Retirement Plan that is the same as the County contribution for non-law <br /> enforcement County employees in the State 401 (k) plan. <br /> Section IX. Budget Control <br /> General Statutes of the State of North Carolina provide for budgetary control measures <br /> to exist between a county and public school system. The statute provides: <br /> Per General Statute 115C-429: <br /> (c) The Board of County Commissioners shall have full authority to call for, and the Board of <br /> Education shall have the duty to make available to the Board of County Commissioners, upon <br /> request, all books, records, audit reports, and other information bearing on the financial <br /> operation of the local school administrative unit. <br /> The Board of Commissioners hereby directs the following measures for budget administration <br /> and review: <br /> That upon adoption, each Board of Education will supply to the Board of County <br /> Commissioners a detailed report of the budget showing all appropriations by function and <br /> purpose, specifically to include funding increases and new program funding. The Board of <br /> Education will provide to the Board of County Commissioners a copy of the annual audit, <br /> monthly financial reports, copies of all budget amendments showing disbursements and use of <br /> local moneys granted to the Board of Education by the Board of Commissioners. <br /> Section X. Internal Service Fund - Dental Insurance Fund <br /> The Dental Insurance Fund accounts for the receipt of premium payments from the County for <br /> its employees and from the employees for their dependents, and the payment of employee <br /> claims and administration expenses. Projected receipts from the County and employees for <br /> 2012-13 are $259,408 and projected expense for claims and administration for 2012-13 is <br /> $259,408. <br /> Section XI. Internal Service Fund -Vehicle Replacement Fund <br /> The Vehicle Replacement Fund will centralize and account for the purchase and replacement <br /> of County vehicles purchased with revenues and funding provided by the Governmental Funds <br /> of Orange County (General Fund, Special Revenue and Grants Funds). Projected sources of <br /> revenues and funds will be $640,503 of short-term installment financing and internal reserves, <br /> and the projected expenses for the purchase of vehicles will be $640,503. <br /> Section XII. Agency Funds <br />