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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: December 7, 2015 <br /> Action Agenda <br /> Item No. 8-a <br /> SUBJECT: FY2015-16 First Quarter General Fund and Enterprise Funds Financial Report <br /> DEPARTMENT: Finance and Administrative PUBLIC HEARING: (Y/N) No <br /> Services <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> 1. Narrative; including Revenue and Gary Donaldson, (919) 245-2453 <br /> Expenditure Tables Paul Laughton, (919) 245-2152 <br /> 2. Revenues and Expenditure Tables <br /> 3. North Carolina State University Third <br /> Quarter 2015 Economic Outlook <br /> PURPOSE: To receive a First Quarter General Fund and Enterprise Funds Summary Financial <br /> Report for the period of July 1, 2015 through September 30, 2015. <br /> BACKGROUND: As part of meeting the periodic financial reporting requirements and providing <br /> timely source information in regards to the financial status of the County, staff has developed <br /> financial information related to the FY2015-16 First Quarter General Fund and Enterprise <br /> Funds. <br /> FINANCIAL IMPACT: There is no financial impact with receiving this FY2015-16 First Quarter <br /> Financial Report. <br /> SOCIAL JUSTICE IMPACT: There is no Orange County Social Justice Goal impact associated <br /> with this item. <br /> RECOMMENDATION(S): The Manager recommends that the Board receive the FY 2015-16 <br /> First Quarter Financial Report and provide staff with feedback. <br />