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11 <br /> 1 Slide #1 <br /> Agenda Item Clb. <br /> ORANGE COUNTY <br /> NORTH CAROLINA, <br /> Approval of art Allocation Framework for the <br /> FY2020-21 Financial Results <br /> Board of Orange County Commissioners <br /> December 6, 2021 <br /> 2 <br /> 3 <br /> 4 Slide #2 <br /> The Context far the FY2020-21 Budget <br /> Uncertainty Aggressive Interventions <br /> • created and Approved touring • Remote Work—Online <br /> Stay at Horne order Consumerism <br /> Unemployment Increasing • County Small Business Grants <br /> • <br /> State Directed-Conservative • Federal Funds to Counties and <br /> Revenue Projections Municipalities <br /> — Maintain Counly Services <br /> • Intentional Cost Containment — Prds*rva social sarety xet <br /> Strategies <br /> • Direct Federal Payments to <br /> Individuals <br /> ORAINGE COUN Y <br /> n:©¢n r CkROLINA <br /> 5 <br /> 6 <br /> 7 Travis Myren said staff had no idea what to expect when the 2020-2021 budget was first <br /> 8 proposed, only six weeks into the stay-at-home order. He said the idea was to operate <br /> 9 conservatively, as the Department of Revenue was advising counties to be careful about <br /> 10 projecting revenues and to not rely on the same hold harmless payment as received in the past. <br /> 11 He said, due to a change in how sales tax was delivered a few years ago, an increase in online <br /> 12 shopping during pandemic resulted in higher sales tax revenue. He said stimulus payments <br /> 13 also had an impact on this, as seen in slide #4. He resumed the PowerPoint presentation: <br /> 14 <br /> 15 <br />