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needs. He said he favors payments in lieu over requiring a certain percentage of a <br /> development to be affordable housing. He finds that the Community Land Trust and Habitat for <br /> Humanity are far better equipped at creating affordable housing and, as such, makes a donation <br /> to these programs each time he builds a development. <br /> Commissioner Rich acknowledged his voluntary giving, but noted that not all developers <br /> are as generous. She asked if there something that can be done in the rural buffer area to <br /> address the needs. She suggested that Tom Heavner may be able to reach out to other <br /> developers. <br /> Tom Heavner said he has tried to start these conversations, to little success. <br /> Tom Heavner said most areas in the rural buffer, especially those in the CHCCS, are <br /> very expensive, and do not jive with the goals of affordability. <br /> Chair McKee referred to the minutes from the June 3rd Planning Board meeting, noting it <br /> mentioned a water source for fire services. He read the excerpt to which he was referring, and <br /> asked if there is a reason that a standpipe would not be a good idea. <br /> Patrick Mallett said various fire departments have different preferences on equipment <br /> used for their water source. <br /> A motion was made by Commissioner Price, seconded by Commissioner Jacobs to <br /> approve the Preliminary Plat as submitted and the Resolution of Approval contained in <br /> Attachment 7. <br /> VOTE: UNANIMOUS <br /> 8. Reports <br /> a. FY2015-16 First Quarter General Fund and Enterprise Funds Financial Report <br /> The Board considered receiving a First Quarter General Fund and Enterprise Funds <br /> Summary Financial Report for the period of July 1, 2015 through September 30, 2015, and <br /> providing staff with feedback. <br /> Bonnie Hammersley said Financial Services Director Gary Donaldson will present the <br /> first quarterly report for FY 2015-16. She said the second quarter report will be brought to the <br /> Board in early February. <br /> Gary Donaldson presented the following Power Point presentation: <br /> Orange County, NC <br /> Department of Finance and Administrative Services <br /> FY 2015-16 First Quarter Financial Report <br /> Quarterly Financial Report Contents <br /> General Fund Revenues and Expenditures Analysis by Major Revenue Categories and each <br /> Department by Functional Leadership Team <br /> • 5-Page Narrative explaining Major variances (1St Abstract Attachment) <br /> ➢ Narrative delineating any material variance by either Performance or Timing <br /> • Detailed Comparison of FY2015-16 Budget versus Actual and FY2014-15 Budget versus <br /> Actual Table (2nd Abstract Attachment) <br /> • NC Economic Outlook section (3rd Abstract Attachment) <br /> • Appreciate BOCC comments for additions and/or enhancements to this new Financial <br /> Quarterly reporting <br /> General Fund Revenue Overview <br />