Orange County NC Website
Browse       Search
15 <br /> 1 1.2 Exceptions shall be made in some situations as provided in this section. <br /> 2 1.2.1 Penalties that are assessed as a result of a delay in payment caused by unsuccessful <br /> 3 strategies engaged by the taxpayer that intentionally seek to lower the valuation of taxpayer's <br /> 4 property or direct the revenue outside Orange County may not be compromised. <br /> 5 1.3 The burden is on the taxpayer to demonstrate by competent evidence he or she meets the <br /> 6 requirements for one or more of the reasons for compromise listed in section 1.1. <br /> 7 This policy may be reviewed annually and updated as needed by the Attorney's and Tax <br /> 8 Administrator's Offices subject to approval by the Board of County Commissioners. <br /> 9 <br /> 10 A motion was made by Commissioner Jacobs, seconded by Commissioner Rich to <br /> 11 adopt the policy in order to provide the Board of Equalization and Review with needed guidance <br /> 12 for the imposition of tax penalties. <br /> 13 <br /> 14 VOTE: UNANIMOUS <br /> 15 <br /> 16 Chair McKee directed John Roberts to move forward with Commissioner Jacobs' <br /> 17 request for information regarding the Machinery Act. <br /> 18 <br /> 19 c. Recommended Uses of General Fund Unassigned Fund Balance as of June 30, <br /> 20 2015 <br /> 21 The Board considered approving the recommended uses of the $2.8 million in excess of <br /> 22 17% General Fund unassigned fund balance policy for: $1 million of the excess fund balance to <br /> 23 fund Affordable Housing Projects; and $1.8 million of the excess fund balance to be used to <br /> 24 fund priorities identified in the FY2016-17 budget. <br /> 25 Bonnie Hammersley said the purpose of this item is for direction from the BOCC on the <br /> 26 appropriation of the excess of unassigned fund balance. <br /> 27 Bonnie Hammersley said on a review of the BOCC Goals and Priorities, as well as a <br /> 28 review of the 2015-16 budget process, the recommendation is to direct $1 million of the excess <br /> 29 fund balance to Affordable Housing Projects; and $1.8 million of the excess fund balance be <br /> 30 used to fund priorities identified in the FY2016-17 budget. <br /> 31 Commissioner Price asked if the Manager will inform the Board for what the $1.8 million <br /> 32 is going to be used during budget discussions. <br /> 33 Bonnie Hammersley said she would. <br /> 34 Bonnie Hammersley said if approved as recommended, staff would come back to the <br /> 35 BOCC with any acquisitions. <br /> 36 Commissioner Jacobs referred to the affordable housing funds and asked if the BOCC <br /> 37 will adopt a policy first before funding. <br /> 38 Bonnie Hammersley said yes. <br /> 39 Chair McKee said in the past few years, fund balance dollars have been used to pay <br /> 40 down Other Post Employment Benefits (OPEB). He asked if this will be done through a regular <br /> 41 budget allotment, moving forward, and if there will be an OPEB payment made for 2015-16. <br /> 42 Bonnie Hammersley said the practice has been to use some past balances to pay down <br /> 43 some of OPEB, and she will be recommending this again in her 2016-17 budget. She said an <br /> 44 irrevocable fund will be created, going forward with OPEB. <br /> 45 Commissioner Dorosin said he appreciated this, and the aggressive movement on <br /> 46 affordable housing. He said the County budget is too conservative sometimes, and he would <br /> 47 like to re-visit how to use the excess in future years. <br /> 48 Commissioner Dorosin asked if every year that an excess occurs, if this process of <br /> 49 allocating excess funds will occur around this time. <br /> 15 <br />