Orange County NC Website
Browse       Search
16 <br /> Bonnie Hammersley said $250,000 is in the budget as of today; the same amount was <br /> carried forward for FY2017-18 that was in their last year. <br /> Commissioner Marcoplos agreed with Option 1 and Commissioner Jacobs' suggestion. <br /> Commissioner Burroughs agreed, and said the Board needs to have that discussion. <br /> Commissioner Rich said she agreed, and the Board needs to set some type of policy <br /> on the equalization of the district tax. <br /> Chair Dorosin agreed about the discussion, but he is going to support Option 2. <br /> A motion was made by Commissioner McKee, seconded by Commissioner Burroughs <br /> to approve Option 1: Save money in the General Fund <br /> - Increase undesignated reserve from 16% to 16.05% <br /> - Reset the Chapel Hill-Carrboro District Tax rate to revenue neutral rate <br /> of 20.18 cents <br /> - schedule a discussion at the retreat regarding the equalization of the <br /> district tax <br /> VOTE: Ayes, 6; Nays, 1 (Chair Dorosin) <br /> MOTION PASSES <br /> ORD-2017-014 <br /> Fiscal Year 2017-18 <br /> Budget Ordinance <br /> Orange County, North Carolina <br /> Be it ordained by the Board of Commissioners of Orange County <br /> Section I. Budget Adoption <br /> There is hereby adopted the following operating budget for Orange County for this fiscal year <br /> beginning July 1, 2017 and ending June 30, 2018, the same being adopted by fund and <br /> activity, within each fund, according to the following summary: <br /> Current Interfund Fund Total <br /> Fund Balance <br /> Revenue Transfer Appropriated Appropriation <br /> $206,121,37 <br /> General Fund 3 $3,765,600 $9,769,060 $219,656,033 <br /> Emergency Telephone Fund $595,350 $0 $158,110 $753,460 <br /> Fire Districts Fund $5,726,068 $0 $0 $5,726,068 <br /> Section 8 (Housing) Fund $4,211,164 $262,066 $0 $4,473,230 <br /> Community Development $843,900 $549,634 $41,000 $1,434,534 <br />