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ORD - 2025 - 022 <br /> Section IX. Internal Service Fund - Health and Dental Insurance Fund <br /> The Health and Dental Insurance Fund accounts for receipts of premium payments from <br /> the County and its employees , employees for their dependents , all retirees and the <br /> payment of employee and retiree claims and administration expenses . Projected receipts <br /> and fund reserves from the County and employees for fiscal year 2025 -26 will be <br /> $ 18 , 045 , 547 and projected expenses for claims and administration for fiscal year 2025-26 <br /> will be $ 18 , 045 , 547 <br /> Section X. Other Post Employment Benefits Fund <br /> Orange County , North Carolina <br /> Other Post- Employment Benefits (OPEB) Investment and Funding Policy <br /> • Each fiscal year the County funds its OPEB benefits coming due to current retires on <br /> a pay-as—you -go ( PAYGO ) basis from the Health and Dental Fund . <br /> • The County recognizes that by setting additional funds from the PAYGO amounts <br /> now to pay future benefits , the County can pay a portion of those future benefits <br /> from investment earnings on those funds . <br /> • The Finance Officer will regularly evaluate the appropriate allocation of such OPEB <br /> investments between Equities , Long -term Bonds and Shorter-term investments and <br /> make adjustments as necessary . <br /> Section XI . Custodial Funds <br /> Custodial Funds are used to report any fiduciary activities not reported in Investment <br /> Trust or Private- Purpose Trust Funds . In North Carolina , examples of Custodial Funds <br /> are the Jail Inmate Fund , and the property taxes collected by the County on behalf of a <br /> municipality (the Chapel Hill-Carrboro City Schools District Tax Fund ) . <br /> Section XII . Encumbrances <br /> Operating funds encumbered by the County as of June 30 , 2025 are hereby <br /> reappropriated to this budget . <br /> Section XIII . Capital Projects & Grants Fund <br /> The County Capital Improvements Fund , Schools Capital Improvements Fund , Proprietary <br /> Capital Funds , and the Grant Projects Fund are hereby authorized . Appropriations made <br /> for the specific projects or grants in these funds are hereby appropriated until the project <br /> or grant is complete . <br /> a . The County Capital Projects Fund FY 2025-26 budget , with anticipated fund <br /> revenues of $38 , 035 , 068 and project expenditures of $ 38 , 035 , 068 is hereby <br /> adopted in accordance with G . S . 159 by Orange County for the fiscal year <br /> beginning July 1 , 2025 , and ending June 30 , 2026 , and the same is adopted by <br /> project . <br /> b . The Proprietary Capital Funds FY 2025-26 budget , consisting of Water and Sewer <br /> Utilities , Solid Waste , and Sportsplex , with anticipated fund revenues of <br /> $3 , 744 , 294 , and project expenditures of $3 , 744 , 294 is hereby adopted in <br /> accordance with G . S . 159 by Orange County for the fiscal year beginning July 1 , <br /> 2025 , and ending June 30 , 2026 , and the same is adopted by project . <br /> 9 <br />