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29 <br /> 1 Slide #2 <br /> Purpose <br /> Considerapproving the allocation of$12 million in excessfund <br /> balance available at the end of FY2021-22 <br /> - Actual revenues outperformed budgeted amoumv. <br /> - Actual expendllures under budgeted amnumts <br /> - Achieves 16%una%sigrâ–ºed fund balance policy <br /> ORANGE COUNTY <br /> rlOfrn r CAROLLNIA <br /> 2 <br /> 3 <br /> 4 Slide #3 <br /> The Context for the FY20 1 - 2 Budget <br /> Recovery and Optimism Financial Challenges <br /> 7%general fund revenue i Inflation <br /> growth - Tw&nly year high <br /> Added staff capacity and l_abormatet <br /> enhanced s-alary schedules in - High turnover <br /> Emergency Services and - Upward pre&surer on wages to <br /> Shenff s Office remain c inpe6i'bvt <br /> R Transition ofARPA,funded <br /> services to General Fund <br /> ORANGE COUNTY <br /> NO Rn[G''LROL[NA <br /> 5 <br /> 6 <br /> 7 <br /> 8 <br />