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18 <br /> 1 Weakening Revenue <br /> 2 <br /> 3 Modest revenue growth <br /> 4 e Property Taxes <br /> 5 e Sales Tax <br /> 6 <br /> 7 COST TO CONTINUE <br /> 8 0 Personnel Cost <br /> 9 - Cost of Living Adjustment (COLA) <br /> 10 - Work Performance Planning Review (WPPR) <br /> 11 0 Benefits <br /> 12 - Health Insurance <br /> 13 - Retirement <br /> 14 e Ongoing Obligations <br /> 15 - Consumer Price Index (CPI) impact <br /> 16 e Reserve Levels <br /> 17 - Actuarial requirement <br /> 18 - Financial Policies <br /> 19 <br /> 20 Budget GUIDELINES <br /> 21 e Maintain Current Appropriation <br /> 22 e BE CREATIVE <br /> 23 e Present at least one (1) collaboration opportunity <br /> 24 FY2015-16 Budget Schedule (Chart) <br /> 25 <br /> 26 Conclusion <br /> 27 Orange County exists to provide governmental services requested by our Residents or <br /> 28 mandated by the State of North Carolina. <br /> 29 To provide these quality services efficiently, we must; <br /> 30 Serve the Residents of Orange County— Our Residents Come First; <br /> 31 Depend on the energy, skills, and dedication of all our employees and volunteers; <br /> 32 Treat all our Residents and Employees with fairness, respect, and understanding. <br /> 33 Orange County Residents Come First <br /> 34 <br /> 35 Bonnie Hammersley said the general fund growth slide illustrates the recession well, and <br /> 36 the data supports the theory that government is about two years behind. She noted that <br /> 37 anticipated federal and state grants are not included in the budget process. She said once <br /> 38 grants are actually received, the budget is then amended. <br /> 39 Bonnie Hammersley said the general fund revenues do exceed the adopted budget by <br /> 40 an average of 2 to 3 percent. <br /> 41 She said the general fund expenditures slide shows the practice of under-expending in <br /> 42 the adopted budget. She said there is a six month vacancy freeze that is in place, and no value <br /> 43 was placed on that, so that is part of the reason for the under-expenditure, which averages <br /> 44 about 5 percent. She said she will be looking at this to determine whether some of the controls <br /> 45 can be loosened up a little on these expenditures. <br /> 46 Commissioner Dorosin asked if these two slides are showing that the County is bringing <br /> 47 in more money than expected, and spending less money than expected. <br /> 48 Bonnie Hammersley answered yes. <br /> 49 Bonnie Hammersley reviewed the general fund appropriated fund balance. She said <br /> 50 general fund balance has accumulated over the last few years, as it has been appropriated but <br />