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20 <br /> Slide #26 <br /> General Government <br /> • Budget & Finance <br /> Creation of Debt Service Fund <br /> f Debt Ser Ice Fund created to consolldatc all debt related expendllures Inlo one loc.atlon. <br /> f Utilizes a dedicated fund balance to smooth the tax impacts of increasing debt service, <br /> — County utllkped 36 millon of FY 2021-22 surplus to defer lax Irncrea-se due to debt service. <br /> — Based on FY 2023-24 Recommended Capital Investment Plan, no tax increase is required for Debt Service <br /> urrtll FY 202&27_ <br /> f Fund conslsts of 3 types of expenditures. <br /> — PHnelpal and Interest expenses for Schad, County, and Community College debt repayment <br /> — Costs related to the issuance of dlebl <br /> — Personnel costs for staff That speclfloajy manage debt or capital prolecl management. <br /> ORANGE COUNTY <br /> 26 M DRT[[CARC}L]NA <br /> Slide #27 <br /> General Government <br /> Register of Deeds — page 251 <br /> F Total expenditure budget- $1,153_810 <br /> — Net County Cost atcreaaaby�S27,747 <br /> Nei GII"ral FuncE Cc„mrlb-Ace-$813,190 <br /> Recommended Budget Changes <br /> — $632,382 dec-easein stamps and fees based on cun-emtaod oflower trans actions <br /> ORANGE COUNTY <br /> 27 MORT[.[C}tROL]NA <br />