Orange County NC Website
Browse       Search
9 <br /> Source Amount Recurring vs. Non- <br /> Recurring <br /> Property Tax Collection Rate $1,600,000 Recurring <br /> • 98.7% Budgeted <br /> • 99.27% Actual <br /> Motor Vehicle Tax Collection Rate $ 400,000 Recurring <br /> • 99.4% Budgeted <br /> 103.8% Actual (exceeds 100% due to <br /> payment of delinquent bills <br /> Sales Tax Collections (Articles 39, $4,000,000 Recurring <br /> 40 and 42) <br /> • Budgeted to decrease by 4.5% <br /> Actual Collections exceed Budget by <br /> 17.4% <br /> Medicaid Hold Harmless $2,000,000 Non-Recurring <br /> • Budgeted at $1.75 million <br /> • Actual Payment - $3.75 million <br /> No Use of Fund Balance to Balance $4,000,000 Non-Recurring <br /> Budget <br /> • $8,200,000 Budgeted <br /> $1,900,000 Assigned to FY2021-22 <br /> Budget <br /> • $2,300,000 Allocated to maintain 16% <br /> Unassigned Fund Balance <br /> $4,000,000 Available for Allocation <br /> TOTAL00i 000 <br /> 1 <br /> 2 Based on the recurring and non-recurring nature of the variances outlined above, the following <br /> 3 table proposes specific uses for those funds. A more detailed description of the proposed <br /> 4 allocations is contained in the attached Update on FY2020-21 Year End Financial Results <br /> 5 report. <br /> 6 <br /> Proposed <br /> Recurring <br /> Employee Wage Adjustment $ (1,883,875) Recurring <br /> • Three percent wage increase <br /> retroactive to July 1, 2021 <br /> Schools Opportunity Gap & Mental $ (1,500,000) Recurring <br /> Health Fund <br /> • Allocated by average daily <br /> membership <br /> • Schools to provide spending plan <br /> • Track progress on key indicators <br /> FEMA Back Stop $ (407,543) Non-Recurring <br /> • Reserved for unreimbursed COVID-19 <br /> emergency expenditures <br /> • May be repurposed if reimbursement <br /> occurs <br /> Ineligible Federal Expenses $ (2,228,629) Non-Recurring <br />