Orange County NC Website
Browse       Search
What does this mean? <br /> µ' <br /> FlNAHCIALS ,; = Net position refers to the total resources available at a point in time to <br /> support operations. Our net position is at a loss for the fiscal year 2019. <br /> Net position change <br /> Despite significant cuts to our budget . ' - Why is there a negative change in net position? <br /> $226 <br /> this year,we continue to provide our 'f k <br /> members with the best supports and ,; 2018 "'` The loss in our net position from fiscal year 2018 to fiscal year 2019 is <br /> services possible. f91 due to a few factors: <br /> s• <br /> 1��iffm V- FY 2019 = Additional spending on member services <br /> I pact of legislative cuts to single-stream (state)funding <br /> Total Net Position i'� _ $9 million less in funding <br /> in millions <br /> : - 19 million more in care costs <br /> $226 <br /> FY 2018 -: <br /> FY 2019 $36 <br /> -— Net Loss <br /> $3 � <br /> %L <br /> Net Lass q0 <br />