Orange County NC Website
Browse       Search
1 <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> FINANCE and ADMINISTRATIVE SERVICES <br /> Gary Donaldson,CTP, Chief Financial Officer I gdonaldson@orangecountync.gov I PO Box 8181, Hillsborough, NC 272781 919.245.2453 <br /> INFORMATION ITEM <br /> To: Board of County Commissioners <br /> From: Gary Donaldson, Chief Financial Officer <br /> Date: February 20, 2025 <br /> Re: Financial Report- Second Quarter FY 2024-25 <br /> This FY 2024-25 Second Quarter Financial report provides Budget versus Actual comparisons to the prior fiscal <br /> year (pages 1-6). <br /> The following December 2024 economic reports provide insightful data and trends as a complement to the <br /> County financial report: <br /> Dr. John Connaughton's UNC Charlotte Economic Report <br /> Dr. Michael Walden's NC State Economic Report <br /> The American Rescue Plan Act (ARPA) spending graphic on page 7 indicates that the County has spent 80% of <br /> our $28.8 million allocation. The remaining 20% pertains to the Broadband initiative with $4 million of the $10 <br /> million spent. The ARPA deadline for this remaining expenditure is December 31, 2026. <br /> 1 <br />