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i <br /> RES -2023 - 046 Attachment 1 <br /> 3 ) Adjustments to Operating And Capital Budget <br /> Adjustments to the Manager's Recommended FY2023 -24 GF Operating Budget <br /> On June 8, 2023, the Board of County Commissioners approved the following changes to the Manager's j <br /> Recommended annual operating budget for the 2023-24 fiscal year. The information below summarizes <br /> changes made by the Board. <br /> Revenues Increase Decrease <br /> Manager's Recommended Revenue Budget $ 279 , 1941928 <br /> Utilize County Capital Reserve to perform Efland Cheeks Community Center <br /> $6 , 000 <br /> Feasibility Study <br /> Provide additional funding for IFC 's Permanent Supportive Housing program . <br /> Supported by . 07 cent tax increase $ 158 , 059 <br /> Create OC Build Pilot Program , conditional on receiving offsetting revenue from <br /> ABC Board ($70k) and Chapel Hill Police Dept . ($ 20k) $90 , 000 <br /> I <br /> Have Sportsplex pay back 20 % of pandemic recovery funding to General Fund $ 158 , 000 <br /> i <br /> Reduce Tax Rate by . 07 ($ 158 , 059) <br /> i <br /> I <br /> Have Visitors Bureau pay back 20 % of pandemic recovery funding to General $ 1121000 <br /> Fund . j <br /> Reduce Tax Rate by . 05 ($ 112 , 890) <br /> Add 50 % offsetting revenue for new DSS Community Technician FTEs . $37 , 490 <br /> Add One-Time County Capital to offset badge readers/security upgrades $20 , 000 <br /> Total Revenue Changes $ 581 , 549 ($ 270 , 949 ) <br /> Revised Revenue Budget 279 , 505 , 528 <br /> i <br /> Expenditures Increase Decrease <br /> Manager's Recommended Expenditure Budget $ 2793194 , 928 <br /> Increase funding to Town of Chapel Hill Library $85 , 000 <br /> Utilize County Capital Reserve to perform Efland Cheeks Community Center $6 , 000 <br /> Feasibility Study <br /> Provide additional funding for IFC ' s Permanent Supportive Housing program . $ 150 , 000 <br /> Supported by . 07 cent tax increase <br /> Create OC Build Pilot Program , conditional on receiving offsetting revenue from <br /> ABC Board ($70k) and Chapel Hill Police Dept . ($ 20k) $90 , 000 <br /> Increase Durham Tech Current Expense for recruitment and retention fund $ 10 , 000 <br /> Reduce Funding to Social Justice Reserve Fund to balance budget ($301400) <br /> Total Expenditure Changes $ 3413000 ($ 30 ,400 ) <br /> Revised Expenditure Budget $ 2791505 , 528 <br /> Page 3 of 6 <br />