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<br />6 <br />o If the County Commissioner has served two or more full terms in office <br />(eight years or more), the County makes the same contribution for health <br />insurance coverage that it makes for an employee who retires from <br />Orange County after 20 years of consecutive County service as a <br />permanent employee. If the Commissioner is age 65 or older, Medicare <br />becomes the primary insurer and group health insurance ends. The <br />County makes the same contribution for Medicare Supplement coverage <br />that it makes for a retired County employee with 20 years of service. <br /> <br />o Annual compensation for Commissioners will include a County <br />contribution for each Commissioner to the Deferred Compensation (457) <br />Supplemental Retirement Plan that is the same as the County <br />contribution for non-law enforcement County employees in the State 401 <br />(k) plan. For fiscal year 2020-21, the approved budget continues the <br />County contribution of $27.50 per pay period and a County contribution <br />match of up to $63.00 semi-monthly. <br /> <br />Section IX. Budget Control <br /> <br />General Statutes of the State of North Carolina provide for budgetary control measures <br />to exist between a county and public school system. The statute provides: <br /> <br />Per General Statute 115C-429: <br />(c) The Board of County Commissioners shall have full authority to call for, and <br />the Board of Education shall have the duty to make available to the Board of <br />County Commissioners, upon request, all books, records, audit reports, and <br />other information bearing on the financial operation of the local school <br />administrative unit. <br /> <br />The Board of Commissioners hereby directs the following measures for budget <br />administration and review: <br />That upon adoption, each Board of Education will supply to the Board of County <br />Commissioners a detailed report of the budget showing all appropriations by <br />function and purpose, specifically to include funding increases and new program <br />funding. The Board of Education will provide to the Board of County <br />Commissioners a copy of the annual audit, monthly financial reports, copies of all <br />budget amendments showing disbursements and use of local moneys granted to <br />the Board of Education by the Board of Commissioners. <br /> <br />The Board of Commissioners hereby approves the following financial policies: <br />• The County will not initiate any capital funding until October 1, 2020, and pending <br />a review of the first quarter financial report, with the exception of County <br />appropriations to the school districts and any other County Manager exceptions. <br />• The County will initiate measures to recoup sales tax proceeds on school capital <br />projects through the conveyance of school property to the County with the school <br />property reverting back to the school districts at the end of the construction <br />period. <br />• The County will ensure that all monthly general ledger postings occur by the 10th <br />work day of each month. <br />• The County will ensure that monthly financial reports are available by the 15th <br />work day of each month. <br />• The County will not issue debt for a project until a bid award date and <br />construction start date is established. <br />13