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29 <br /> COVID Fiscal Challenges for remainder of FY <br /> 2020-21 and FY 2021 -22 <br /> ➢ Sustained Revenue declines consistent with Economist <br /> Reports; <br /> • Moody's Analytics December Report indicates <br /> Nationwide Negative Revenue Climate throughout 2021 <br /> for State and Local governments <br /> ➢ General Fund Cash Outlays for pending FEMA <br /> reimbursements; <br /> • FEMA reimbursements within FY 2020-21 is key element <br /> on unassigned fund balance <br /> ➢ Forecast Financial Model and Mid-Year Projections and <br /> County Measures <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br />