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VISITORS BUREAU FUND BALANCE POLI(!�Y <br /> • During Budget Process, staff review fund balance <br /> for various funds based on following criteria : <br /> — Current or Future Obligations <br /> — Long Term Capital or Debt <br /> — Volatility of Revenue <br /> • Visitors Bureau Fund does not have extensive <br /> obligations or capital expenditures but has shown <br /> significant volatility. <br /> — During future recession, fund will either cut expenses <br /> significantly, or receive county subsidy <br /> �s <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br />