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20 <br /> relief, and enhanced unemployment relief. She said these measures are temporary and <br /> residents will need the County government to meet basic needs. She resumed the PowerPoint <br /> presentation: <br /> Slide #4 <br /> ORANGE COIJNTYFY2021-22 BUDGET <br /> Historical General Fund Revenues and Expenditures, <br /> .-Or— <br /> ORANGE COUNTY <br /> Bonnie Hammersley said County revenues exceeded expenditures the three of the last <br /> four fiscal years. She said FY 2019-20 are the audited results showing revenues above <br /> expenditures. She said General Fund revenues were 8% less than the amended budgeted <br /> amount. She said the final budget reflects the addition of Round 1 of CARES Act Funding, <br /> which the GASB requires to remain as unearned revenue until spent—$1.3 million was deferred <br /> revenue. She said expenditures for many functional areas were less than budget by <br /> $10.1 million (4.3%) from the operating budget. She said several departments came in under <br /> budget due to personnel vacancies and efforts to spend conservatively. She resumed the <br /> PowerPoint presentation: <br /> Slide #5 <br /> ORANGE COUNTYFY2021-22 BUDGET <br /> Projected General Fund Revenues and Expenditures <br /> ORANGE COUr <br /> Bonnie Hammersley said the FY 2020-21 is projected to end with breakeven results. <br /> She said the adherence to cost containment measures, including required hiring freezes and an <br /> improving sales tax forecast as COVID restrictions are lifted, will contribute our ending position. <br /> She said the future year projections reflect an improved post COVID economy; 45 sales tax <br /> growth in future years and 2% property tax growth. She resumed the PowerPoint presentation: <br />