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Orange County, North Carolina Expenditures for debt service decreased the largest this fiscal year due to recent refunding and refinancing of general obligation and alternative financing debt. Slight increases incurred in other functional expenditure categories due to efforts to consolidate departments and the increasing staff levels in all departments. The County Capital Improvement Fund reflected a decrease in fund balance of $3.1 million; the School Capital Improvement Fund reflected an increase in fund balance of $14.3 million.The decrease in the County Capital Project Fund is primarily a result of expending proceeds from the prior year debt issuances and the expenditures on a variety of County capital projects. The School Capital Project Fund increase was primarily the result of the receipt of $5.5 million from the transfer of pay-as-you-go revenue from the General Fund, and $21.5 million of proceeds from Limited Obligation Bonds issued to finance th the construction of an 11 elementary school for the Chapel HillCarrboro City School District offset by project expenditures. Lottery proceeds of $2.2 million were used to pay school related debt service in the General Fund during the fiscal year. As of June 30, 2012, the nonmajor governmental funds of the County reported a combined fund balance of $7.3 million, anincrease of $702,678 from last year. This increase is attributable mainly to receipt of new grant funds and other sources in the various nonmajor governmental funds netted with reduced expenditures for older programs being closed during the fiscal year. Proprietary Funds. As mentioned previously in business-type activities, the net assets in the enterprise funds decreased by $284,874. This decrease came primarily from increases in operating losses in each of the three business activities combined with decreases in operating transfers and the fact that there was no capital contribution. Revenue decreased slightly in all proprietary funds, but these increases were offset by increases in all three enterprise funds. The most significant increase in expenses relates to post-closure costs in the Solid Waste Enterprise Fund which went up by $1.8 million. General Fund Budgetary Highlights. During the 2012 budget year, the County had several noteworthy operational milestones in the area of General Fund operations. Once again, the County's annual contribution to public schools placed the County at the top of the rankings per pupil in expenditures among North Carolina's 100 counties.The Orange County and Chapel HillCarrboro City Schools continued to use these funds very effectively, compiling overall impressive results in student achievement tests and solidifying the reputations of both systems as excellent learning environments for young people. In fiscal year 2012, the County's contribution to education funding, including operations, short and long- range capital needs and debt service obligations, totaled $93.4 million, over 43.2 percent of the total governmental funds expenditures for the year. 11