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Agenda 12-4 - Information Item - Memorandum Regarding FY2018-19 Second Quarter Financial Report
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Agenda 12-4 - Information Item - Memorandum Regarding FY2018-19 Second Quarter Financial Report
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BOCC
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2/19/2019
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Regular Meeting
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Agenda
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Agenda - 02-19-2019 Regular Meeting
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1 <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> FINANCE and ADMINISTRATIVE SERVICES <br /> Gary Donaldson,CTP,Chief Financial Officer I gdonaldson@orangecountync.gov 1 200 S.Cameron Street,Hillsborough,NC 27278 1919.245.2453 <br /> To: Board of County Commissioners <br /> From: Gary Donaldson, Chief Financial Officer <br /> Date: February 19,2019 <br /> Re: FY 2018-19 Second Quarter Financial Report <br /> Please find attached a summary of FY 2018-19 second quarter financial report for the General Fund, Enterprise <br /> Funds, and Special Revenue Funds. The notes at the end of each table provide variance explanations. The <br /> variance compares the current fiscal year year-to-date results with the prior fiscal year. <br /> Based on six-months of fiscal year reporting and updates to our multi-year financial model,the General Fund is <br /> projected to end FY 2018-19 with break-even financial results. The Enterprise Funds and Special Revenue Funds <br /> are projected to end the fiscal year consistent with the adopted FY 2018-19 operating budget as well. <br /> Finance continues to monitor any material variances not attributed to timing and will provide updates as <br /> necessary. <br /> cc: Bonnie Hammersley, County Manager <br /> Enclosures <br /> Orange County Governments www.orangecountync.gov 1919.732.8181 <br />
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