Orange County NC Website
Browse       Search
<br />GENERAL FUND EXPENDITURES <br />AND TRANSFERS <br />• EXPENDITURES AND TRANSFERS <br />TOTALED $149.1 MILLION <br />• 1NCREA SE OF 9.6 % OVER 2005 <br />• LEADING EXPENDITURESlNCLUDE <br />EDUCATION 46.7% <br />HUMAN SERVICES 21.8% <br />PUBLIC SAFETY 9.4% <br />$69.6 MILLION GENERAL FUND DOLLARS FOR EDUCATION <br />46.7°I° of Expenditures <br />• Current Expense $50.0 million <br />• Capital $ 4.4 million <br />• Debt Service $15.2 million <br />• Number 1 in the State According to Most Recent Public School Forum Report <br />FUND BALANCE POSITION <br />• $15.5 Million Undesignated as of 6/30/2D06 <br />• Increase in Undesignated fund balance of $2 Million. <br />• 10.36 % of 2006 Expenditures. <br />• Exceeds LGC S% Recommended Minimum <br />FUND BALANCE INCREASE (table) <br />DEBT POSITION <br />• OUTSTANDING GENERAL FUND DEBT @ 6/30/06 $188.8 MILLION <br />• NET /NCREASE IN DEBT OF $36.4 <br />• ($51.2 MILLION NEW DEBT $14.8 RETIRED) <br />• DEBT EVIDENCED BY <br />BONDS $148.2 MILLION <br />ALTERNATIVE $ 40.6 MILLION <br />DEBT ISSUED 2005-2006 <br />• $29,185,000 MILLION BONDS ISSUED <br />SCHOOLS $ 25,685,000 <br />