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Compiled by Orange County Budget Office <br /> 4/22/02 <br /> Attachment 1. Potential Ways to Off Set Possible Loss of State Revenues for FY <br /> 2002-03 <br /> Orange County may potentially lose $3.1 million in Inventory and Intangibles (equivalent <br /> of approximately 3.3 cents) in next fiscal year. Should this be the case, staff has <br /> identified potential options to postpone or reduce in the upcoming year. <br /> County and School capital <br /> Postponement of these items would have minimal impact on day-to-day county and <br /> school operations. Examples include: <br /> • The following list represents the maximum amounts in terms of postponing or <br /> reducing certain County and School capital contributions for one year: <br /> Cumulative <br /> Amount Total <br /> Delay purchase of County vehicles and personal <br /> computer replacements for one year $811,250 $811,250 <br /> Defer contribution to School/Park Reserve for one <br /> ear(equivalent of 1/3 of one cent $308,000 $1,119,250 <br /> Postpone contribution of 2/3 penny dedicated county <br /> capital projects (projects affected include Information <br /> Technology [$244,230]and Lands Legacy <br /> $400,000 $644,230 $1,763,480 <br /> Delay contribution to Affordable Housing initiative for <br /> one year $250,000 $2,013,480 <br /> Delay County contribution to school capital [either <br /> recurring or long -range projects] for one year <br /> (equivalent of one cent) $924,000 $2,937,480 <br /> Delay other County capital projects for one year $163,000 $3,100,480 <br />