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3 <br /> 1 from American Rescue Plan Act (ARPA) to pay for ongoing expenses. She resumed the <br /> 2 presentation: <br /> 3 <br /> 4 Slide #3 <br /> ORANGE COUNTY FY2021-22 BUDGET <br /> • Historical General Fund Revenues and Expenditures <br /> o� <br /> ORACOUN.TY <br /> 5 -NGE• LEN <br /> 6 <br /> 7 Bonnie Hammersley said County revenues exceeded expenditures for three of the last <br /> 8 four fiscal years. She said FY 2019-20 are the audited results showing revenues above <br /> 9 expenditures, and General Fund revenues were .8% less than the amended budgeted amount. <br /> 10 She said the final budget reflects the addition of Round 1 of CARES Act Funding, which the <br /> 11 GASB requires to remain as unearned revenue until spent—$1.3 million was deferred revenue. <br /> 12 She said expenditures for many functional areas were less than budgeted by $10.1 million <br /> 13 (4.3%) from the operating budget. She said several departments came in under budget, due to <br /> 14 personnel vacancies and efforts to spend conservatively. She resumed the presentation: <br /> 15 <br /> 16 Slide #4 <br /> ORANGE COUNTY FY2021-22 BUDGET <br /> • Projected General Fund Revenues and Expenditures <br /> A / <br /> i <br /> .."x�� m'�"..`.""."""a"°`•'""`°°°°. ORANGE COUNTY <br /> 17 an�Aw A <br /> 18 <br /> 19 Bonnie Hammersley said FY 2020-21 is projected to end with breakeven results. She <br /> 20 said the adherence to cost containment measures, including required hiring freezes and an <br /> 21 improving sales tax forecast, as COVID restrictions are lifted will contribute to the County's <br /> 22 ending position. She said the future year projections reflect an improved post COVID economy; <br /> 23 4-5% sales tax growth in future years and 2% property tax growth. <br /> 24 Bonnie Hammersley said the total recommended operating budget including the general <br /> 25 fund, enterprise fund, and proprietary fund, and special revenue fund total $279.2 million. She <br /> 26 said, of this amount, $244.1 million is the general fund. She said the total represents an <br /> 27 increase of$5 million over the FY21 budget. She resumed the presentation: <br /> 28 <br /> 29 <br /> 30 <br /> 31 <br />