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Frank Clifton said that changes to the recycling program are reflected as well. He said <br /> that current recycling programs for next fiscal year are funded by using one year of reserve <br /> funds from solid waste and delaying capital improvements. <br /> Frank Clifton said the task of establishing a tax service district needs to be a priority for <br /> 2013-14, to be implemented in 2014-15. <br /> He said this budget attempts to provide fiscally sound projections. He said the Board of <br /> County Commissioners makes the final budget decisions and sets the tax rates. He said <br /> balancing demands while addressing challenges requires difficult decisions; and as dire as it <br /> sounds, the county's budget process is in far better shape than most areas in the state. <br /> Clarence Grier presented a Budget overview with the following PowerPoint slides: <br /> County Manager's recommended FY 2013-14 Annual Operating Budget and Capital <br /> Investment Plan <br /> Presentation <br /> Southern Human Services Center, Chapel Hill <br /> Orange County, NC <br /> May 21, 2013 <br /> Guiding Principles <br /> • Balances County's operating budget without a property tax rate increase — 5th <br /> Consecutive Year <br /> • Provides funding for County services at current levels <br /> • Funds local school districts enrollment growth, operational funding and debt service. <br /> Recommended General Fund Budget <br /> • Totals $185.9 million <br /> - Represents an increase of$5.9 million from original current year budget of$180.0 <br /> million, which is a 3.29 percent increase from previous year original budget <br /> - Represents a $6.2 million decrease in the current year's amended budget <br /> Components of General Fund Budget <br /> General Fund Revenues $182,554,881 <br /> General Fund Unassigned Fund balance $3,366,309 <br /> General Fund Expenditures $(185,921,190) <br /> Net $ <br /> Orange County Budget <br /> Past 6 Fiscal Years (Bar Graph) <br /> Proposed Ad Valorem Tax Rate Effective July 1, 2013 <br /> • Proposed tax rate of 85.8 cents per $100 of assessed valuation <br /> - This rate produces $137.8 million in property tax revenues for FY 2013-2014 <br /> - Overall Real Property Valuation increased 2.7% <br /> • One cent on property tax estimated to generate $1,606,869 <br /> Orange County Property Tax Revenues <br /> Past 5 Fiscal Years (Bar Graph) <br />