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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: November 18, 2025 <br /> Re: Financial Report- First Quarter FY 2025-26 and FY 2024-25 Unaudited Results <br /> This first quarter report highlights impacts on intergovernmental grant revenues from the Federal shutdown. <br /> Included in this report is the unaudited FY 2024-25 unaudited General Fund. The FY 2024-25 audited results is <br /> being scheduled for Board presentation in January 2026. In summary, the County closed FY 2024-25 in <br /> compliance with the 16% unassigned fund balance policy; with revenues of$292.2 million and expenditures of <br /> $290.4 million (See page 8). <br /> Economic Report <br /> UNC-Charlotte Economic Forecast- Dr. Jonathan Connaughton <br /> FY 2025-26 Intergovernmental Revenues Budget versus Actuals <br /> The overall Intergovernmental for the first quarter FY 2025-25 budget versus actual revenues are 10.8% <br /> compared to 9.9%the prior fiscal year; the Federal government shutdown started October 1, 2025, and <br /> therefore grant revenue were not impacted through the County's first quarter. <br /> For purposes of Intergovernmental revenue variance analyses, delays in revenue are described as a timing <br /> variance and cancellations in revenues are described as a performance variance. Key intergovernmental grant <br /> revenue updates for the County departments of Social Services, Health and Housing are below. The second <br /> quarter reporting will be insightful in assessing impacts from a prolonged Federal shutdown and potential <br /> legislative and legal outcomes. Note: The County Dashboard now has Final FY 2024-25 Federal and State <br /> Funding Awards and Grants <br /> 1 <br />