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Agenda 12-10-19 Item 4-f - Presentation of Comprehensive Annual Financial Report for FYE 6-30-2019
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Agenda 12-10-19 Item 4-f - Presentation of Comprehensive Annual Financial Report for FYE 6-30-2019
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12/5/2019 2:45:50 PM
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BOCC
Date
12/10/2019
Meeting Type
Business
Document Type
Agenda
Agenda Item
4-f
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Agenda 12-10-19 Business Meeting
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\Board of County Commissioners\BOCC Agendas\2010's\2019\Agenda - 12-10-19 Business Meeting
Minutes 12-10-2019 Business Meeting
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Path:
\Board of County Commissioners\Minutes - Approved\2010's\2019
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5 <br /> Operating and Capital Funds Highlights <br /> ➢ Met Board County Policies including Unassigned Fund Balance levels <br /> ➢ Favorable Budget versus Actuals Performance and Fund Reserve <br /> Levels as forecasted in Quarterly reports and Long-Term Forecast <br /> Model; <br /> ➢ Continued reduction in General Fund subsidy to Solid Waste Fund from <br /> $1 .5 million to $126,510; <br /> ➢ Strong Investment Earnings results; earnings increased by $358, 107 to <br /> $1 . 1 million through proactive Finance Investment strategy; <br /> ➢ New Debt Series 2019A Limited Obligations Bonds: $14. 1 million <br /> included IT Infrastructure investments, Building Remediation <br /> (Meadowlands, Government Annex, District Attorney and Battle <br /> Courtroom) and Public Safety and Solid Waste Vehicle Replacements. <br /> ➢ Affirmation of `AAA Bond Rating by all Three Major Credit Rating <br /> Agencies <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br />
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