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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: May 9, 2013 <br />Action Agenda <br />Item No. 2 <br />SUBJECT: Fiscal Year 2013 -14 Budget Drivers <br />1 <br />DEPARTMENT: Finance and Administrative PUBLIC HEARING: (Y /N) No <br />Services <br />ATTACHMENT(S): <br />INFORMATION CONTACT: <br />Frank Clifton, 919 - 245 -2306 <br />Clarence Grier, 919 - 245 -2453 <br />PURPOSE: To receive this background information in regards to the budget drivers for the <br />upcoming fiscal year 2013 -14 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 FY2013 -14 budget process. The information <br />presented at this work session will update the previous information based on the budget <br />requests submitted by each County department and both school districts. <br />We currently anticipate the FY 2013 -14 General Fund budget to be approximately $183 million. <br />We are aware of several major budget drivers that will need to be addressed as we formulate <br />and finalize the budget. <br />The known budget drivers for the FY 2013 -14 budget are as follows: <br />• Medical Health Insurance increases — up to 8.5% $ .23 million <br />• Retirees Health Annual Funding Requirement 5.30 million <br />• Emergency Services Requests 1.78 million <br />• School Districts Budget Requests — up to 8.50 million <br />• Total budget drivers /impacts $15.81 million <br />This represents 10.04 cents if applied to the current property tax rate for the FY2013 -14 budget. <br />