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20 <br /> 1 Slide #26 <br /> General Government <br /> Budg t & Finance <br /> Creation of Debt Service Fund <br /> - Debt Service Fund created to consaldate all debt related expendllures Into one location. <br /> f Utilizes a dedicated fund balane Io smooth the tax impacts of inreasing debt serwi�ce, <br /> - Couniy Alized S9 millloni of FY 2021-22 sutptus to defer tax Incrtase due to debt servlcer. <br /> - Based cm FY 2023-24 Recommended Capital Investment Plan, rw tax inc reale is required for Debt Service <br /> untll FY 2026-27_ <br /> Funrt corisisis of 3 types of expenditures. <br /> - Principal and Interest expenses for School, County, and Community Comege debt repayment <br /> - Costs related to the issuame of debt <br /> - Personrial costs for staff than apeclilcalyr manage debt or capital pnoiecl management. <br /> ORANGE COUNTY <br /> 26 ria~RTI I C-AROL1PNA <br /> 2 <br /> 3 <br /> 4 Slide #27 <br /> General Government <br /> • Register of Deeds — page 251 <br /> Total expenditure budget- $1.153,810 <br /> — NL-tCnurdyC:aetmxFeeeeby$S27,747 <br /> - Mit Galeal Fund Coorlbulor-$813,190 <br /> • Recommended Budget Changes <br /> — $532,362 decrease in stamps and fees based an current trend clkwer treneec&ne <br /> RANGE COUNTY <br /> 27 MDR-F[[CAROL]NA <br /> 5 <br /> 6 <br /> 7 <br /> 8 <br /> 9 <br />