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<br /> 1 Slide #25
<br /> Long Range Financial Model
<br /> GENERAL FUND SUMMARY FORECAST
<br /> Actual Original Projected projected projected
<br /> 2024-25 2025-26 2026-27 2027-28 2028-29
<br /> ($in Thousands)
<br /> Property Tax 205,344 212,897 217,198 221,634 226,163
<br /> Sales Tax 43,717 44,145 45,847 47,406 49,026
<br /> otergovernmental 21,184 22,314 22,286 22,718 23,383
<br /> Charges for Service 15,594 15,970 16,249 16,535 16,839
<br /> Other Revenue 5,579 2,989 2,966 2,974 2,982
<br /> Transfers In 1,150 666 114 117 121
<br /> pprop of Fund Balance - 7,056 7,056 7,258 7,486
<br /> Total Revenues 292,568 306,037 311,716 318,873 326,217_
<br /> ersonnel Services 101,973 108,603 114,350 118,628 123,081
<br /> perations 36,327 36,541 37,471 38,397 39,351
<br /> ecurring Capital 1,417 184 188 192 195
<br /> ducation 109,118 116,502 119,999 123,597 127,303
<br /> ontribs.to OtherAgencies 2,256 2,331 2,352 2,374 2,396
<br /> ransfers To(Including Debt) 39,020 41,877 57,458 68,786 82,100
<br /> 8M Impact from CIP - 0 1,347 4,319 5 161
<br /> Total Expenditures 291,420 306,037 333,166 356,293 379,587
<br /> et Annual Rev(Exp) 1,148 (0) (21,450) 37,_640) 53,696
<br /> pap to Close 0 21,450
<br /> Initial Model expects a$'21,5 million gap to solve for the FY2026-27 budget.
<br /> ORANGE
<br /> COUNTY
<br /> 25 NORTH CAROLINA
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<br /> 3 Commissioner McKee asked if the cost of closing the gap is 7 cents.
<br /> 4 Travis Myren said yes.
<br /> 5 Commissioner McKee said there may a need for across-the-board reductions.
<br /> 6 Travis Myren said the county will need to balance the benefits of non-mandated services
<br /> 7 with mandated services.
<br /> 8
<br /> 9 Slide #26
<br /> Other Funds
<br /> Funds to watch outside of the General Fund
<br /> • Community Development Fund
<br /> - $900,400 gap in unreimbursed HOME expenses from prior fiscal years
<br /> Solid waste
<br /> Draws on fund balance following reduction of program fee
<br /> - Fee reduction may need to be reversed
<br /> Visitor's Bureau
<br /> - $300,OD0 lost revenue from Town of Chapel Hill in FY2025-26
<br /> - Reduce use of fund balance in operating budget
<br /> - Flattening occupancy tax revenue growth
<br /> ORANGE COUNTY
<br /> 26 NORTH CAROLINA
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