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20 <br /> 1 residents will need the County government to meet basic needs. She resumed the PowerPoint <br /> 2 presentation: <br /> 3 <br /> 4 Slide #4 <br /> ORANGE COUNTYFY2021-22 BUDGET <br /> Historical General Fund Revenues and Expenditures <br /> ORA.N�F <br /> 5 COUIJTY <br /> 6 Bonnie Hammersley said County revenues exceeded expenditures the three of the last <br /> 7 four fiscal years. She said FY 2019-20 are the audited results showing revenues above <br /> 8 expenditures. She said General Fund revenues were 8% less than the amended budgeted <br /> 9 amount. She said the final budget reflects the addition of Round 1 of CARES Act Funding, <br /> 10 which the GASB requires to remain as unearned revenue until spent—$1.3 million was deferred <br /> 11 revenue. She said expenditures for many functional areas were less than budget by <br /> 12 $10.1 million (4.3%) from the operating budget. She said several departments came in under <br /> 13 budget due to personnel vacancies and efforts to spend conservatively. She resumed the <br /> 14 PowerPoint presentation: <br /> 15 <br /> 16 Slide #5 <br /> 17 <br /> ORANGE COUNTYFY2021-22 BUDGET <br /> Projected General Fund Revenues and Expenditures <br /> ORANGE COUNTY <br /> 19 <br /> 20 Bonnie Hammersley said the FY 2020-21 is projected to end with breakeven results. <br /> 21 She said the adherence to cost containment measures, including required hiring freezes and an <br /> 22 improving sales tax forecast as COVID restrictions are lifted, will contribute our ending position. <br /> 23 She said the future year projections reflect an improved post COVID economy; 45 sales tax <br /> 24 growth in future years and 2% property tax growth. She resumed the PowerPoint presentation: <br /> 25 <br /> 26 <br />