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Agenda - 06-15-2021; 8-a - Minutes
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Agenda - 06-15-2021; 8-a - Minutes
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6/10/2021 4:28:26 PM
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BOCC
Date
6/15/2021
Meeting Type
Business
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Agenda
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8-a
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Minutes 06-15-2021 Virtual Business meeting
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4 <br /> 1 Slide #5 <br /> ORANGE COUNTYFY2021-22 REVENUE BUDGET <br /> GRANGE COUNTY <br /> 2 u,an,. ,�n <br /> 3 <br /> 4 Bonnie Hammersley said sales tax collection represents a bright side of the revenue <br /> 5 forecast. She said sales tax was expected to decrease by 4.5% compared to the FY20 budget, <br /> 6 but current collection trends actually indicate a $1-2 million increase over FY20 budgeted <br /> 7 amount. <br /> 8 Bonnie Hammersley said other sources of revenue are miscellaneous, <br /> 9 intergovernmental, licenses and permits, and charges for services. She resumed the <br /> 10 presentation: <br /> 11 <br /> 12 Slide #6 <br /> ORANGE COUNTY FY2021-22 EXPENDITURE BU DGET <br /> ORxANlGE`C6UNITY <br /> 13 <br /> 14 <br /> 15 <br /> 16 Slide #7 <br /> ORANGE COUNTY FY2021-22 BUDGET <br /> FY 2021-22 REVENUE ASSUMPTIONS <br /> ❑Revaluation <br /> Revaluation results in 12.6%Real Property Assessed Value Growth <br /> •Revenue Neutral Rate- .7987 per$100 of Assessed Val ue <br /> •Current Rate- .8679 per 5106 of Aese.s.d Valu. <br /> •Value of One Pon ny-$2,148,581 <br /> ❑Property Tax Rate Increase <br /> •Propriodrat.inv.ase3.U6.r -.87B7per$100ofA—.-.dValue <br /> Generate$6,439.743 to cover$8.8M Debt Sorvlco Increase <br /> ORANGE COUNTY <br /> � <br /> 17 A <br /> 18 <br /> 19 Bonnie Hammersley said property tax revenues are calculated by applying a property <br /> 20 tax rate to the property tax base. She said if the tax rate were left unchanged following <br />
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