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4 <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 <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 $279,194,928 <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. $158,059 <br /> Supported by .07 cent tax increase <br /> Create OC Build Pilot Program, conditional on receiving offsetting revenue from $90,000 <br /> ABC Board ($70k)and Chapel Hill Police Dept. ($20k) <br /> Have Sportsplex pay back 20% of pandemic recovery funding to General Fund $158,000 <br /> Reduce Tax Rate by .07 ($158,059) <br /> Have Visitors Bureau pay back 20% of pandemic recovery funding to General $112,000 <br /> Fund. <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 /> Expenditures Increase Decrease <br /> Manager's Recommended Expenditure Budget $279,194,928 <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 ($30,400) <br /> Total Expenditure Changes $341,000 ($30,400) <br /> Revised Expenditure Budget $279,505,528 <br /> Page 3 of 6 <br />