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