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13 <br /> Lyons said even though the fund balance percentage is lower, given the challenges of <br /> the pandemic and the economy, right at 16% is a good place for the County to be. He resumed <br /> the PowerPoint presentation: <br /> Slide #9 <br /> GMne�m <br /> General Fund eudgetta Actual Results— ORANGE COUNTY <br /> Flsral Year 2020 NORTH CAROL[NA <br /> s 71-11 �s lN> :e� <br /> n5,txbrm! sX4xf9 f xa4�C! n4ad.9re fgfat,ml <br /> 4e�Merf=Imnd.e Vsn I3,emt5t6 11 6 <br /> ueaoonR leNna 1 I lx.�.faA 5 ¢np 5 <br /> ❑Geneal WM rmnVae ware.BL Naa Than The ameraee butldtee amount The- d.,reeens tfe <br /> add'opnMnuxd 1 ol[an[su[furAepwMrAThe 5ase requlream relninaa unearrae revenx undl:pent. <br /> O for many lunraipnal area were lem Ran M.,by 91—J—)from rM ppe.. <br /> butlget.Several Npwrmem.aura In Vntiv ketlleet ape tp perspprel vxar-era eetms tp—rd <br /> mmervadrely. <br /> ❑s.eeN.a dseof trope wla�.-.was ret re.aeemtlN.a.rt amiripma,as enrol r...n�a.ena purer rral•ore <br /> .pdrpaa.ate.aee.apepo-n•rr�. <br /> ❑General WM si9Nrint trar¢!ers were$4,24],000 tp XM1ppl Upital rrp C e.nt rdntl;$3,0 million fiwn <br /> SrFptl ati[al U Imupwmems:52F]5,000 true County vul Nrd; <br /> Imprewnant Funtl:xa SL]32000 m npmmaiu <br /> Tim Lyons said expenditures were less than budgeted because of department efforts to <br /> control costs. He said, as a result, budgeted use of fund balance was not needed at the level <br /> anticipated. He said CARES act moneys that were not spent were required to be recorded as <br /> liabilities. He said this makes up a large amount of the variance, and is described as a <br /> technical variance. He resumed the PowerPoint presentation: <br /> Slide #10 <br /> ;VL+uoln <br /> na e+�xlns <br /> Ce—h".Reeanmenditlona, ORANGE COUNTY <br /> and Other 15BU a(C*rtn1U6d) NORTH CAROLINA <br /> geepnmene colons a no c ommenrsln me raanagm enr�ener <br /> nt ne e.e��p�retn�oorn e�.�e=Taro s traanereea m wa rrwa.m mN.nee oam no enolwe pl paaa,�ae <br /> rpa:r .rm nqi roper <br /> ne pe+opw��re p our.w.n lane���,�.I,�e�=xis o�•o�curd.rr��oH�lne owa�zalm,: <br /> pe. <br /> �a mew <br /> mr wyn e inNemnmpn�ka gtanuoN=ad=`luo�mn prcga <br /> v�elwvq comnm comma eo rrrnon ere mrwopnpace.� <br /> enasry am lee c <br /> m am�tn a �crerea.t.ro.c.y p.��oe:tGnrP,reewe� <br /> a <br /> �r.wro9=meeme.....ei. o�......ee� <br /> umyirea�maem m eel mpmio•eerare Vm;oo Is`r.or��r'en ntr�e coenlV:nnanrd vre......r arrmaarc.wm <br /> Tim Lyons said the management letter consists of items the firm thinks is important to <br /> communicate to management. He said cyber security is something that our clients need to <br /> think about on an ongoing basis, which affects all levels of government. He resumed the <br /> PowerPoint presentation: <br />