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16 <br /> Slide #5 <br /> FY2022-23 RECOMMENDED BUDGET <br /> Historical General Fund Revenues and Expenditures <br /> ��a s <br /> seas o <br /> eau o <br /> s <br /> i29L a <br /> sso 0 <br /> $225 o �a.s •Reveuwee <br /> :sin i?+sl Eavrndtur►s <br /> szie a <br /> ssio.o <br /> zPus n <br /> szp4 a <br /> FY 2017-18 FY 201E-19 FY 2019-20 FY 2920-21 FY 2021-22 <br /> Pro}. <br /> ORANGE COUNTY <br /> WWn r CAROLINA <br /> Bonnie Hammersley said that utilizing financial models coupled with prudent budgeting <br /> practices have helped the county end the past four fiscal years with revenues exceeding <br /> expenditures. She said the FY 2020-21 bars in the graph on slide #5 are the financial audited <br /> results. She said FY 2020-21 General Fund revenues exceeded the amended revenue budget <br /> by $4.3 million, or 2%. She said that General Fund expenditures were below the adopted <br /> budget by $10.1 million, or 4.4%. She said many departments were below budget due to <br /> personnel vacancies and efforts to reduce expenditures. She said that the FY 2021-22 <br /> projection is that the county will breakeven. <br /> Slide #6 <br /> FY2022-23 RECOMMENDED BUDGET <br /> FV2021-22 to FN2022-23 Revenue Gtowth <br /> ORANGE COUNTY <br /> NOFM[CAROLINA <br /> Bonnie Hammersley said the FY 2022-23 revenue growth is above historic averages. <br /> She said the revenue growth change is $16.7M on a budget basis from FY 2021-22 to FY 2022- <br /> 23. She said this represents a 7% growth in budgeted total General Fund revenues. She said a <br /> key factor is the sales tax increase by 23% on a budgetary basis. She said the FY 2021-22 <br /> General Fund budgeted revenues was $238.7 Million, excluding a $1.9 Million fund balance <br /> appropriation. She said the FY 2022-23 General Fund projected revenues is $255 Million, <br />