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10 <br /> Operating Funds Highlights <br /> ➢ Met Board County Policies; Unassigned Fund Balance and Debt <br /> Service Limit; <br /> ➢ AAA Bond Rating Affirmation by all 3 Rating Agencies citing <br /> Favorable Budget versus Actuals Performance and Reserve Levels; <br /> ➢ Refinanced Existing Debt and Achieved $2 million in savings over <br /> the life of the Debt obligations; <br /> ➢ Reduced General Fund subsidy to Solid Waste Fund from $1 .8 to <br /> $1 .5 million; <br /> ➢ Doubled Investment Earnings through timely investment of cash in <br /> higher interest rate environment three successive fiscal years; <br /> ➢ Decommissioned structurally imbalanced Vehicle Replacement <br /> Fund in Budget Amendment #10; and <br /> ➢ Implemented GASB 74 and 75 for Other Post-Employment Benefits <br /> (OPEB); with no adverse impact on Financial Statements; <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br />