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<br /> 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 /> Intergovernmental 21,184 22,314 22,286 22,718 23,383
<br /> harges for Service 15,594 15,970 16,249 16,535 16,830
<br /> ther Revenue 5,579 2,989 2,966 2,974 2,982
<br /> ransfers In 1,150 666 114 117 121
<br /> fkpprop of Fund Balance 7,056 7,056 7,268 7,486
<br /> Total Revenues 292,568 306,037 311,716 318,873 326,217
<br /> Personnel Services 101,973 108,603 114,350 118,628 123,081
<br /> Aerations 36,327 36,541 37,471 38,397 39,351
<br /> Recurring Capital 1,417 184 188 192 195
<br /> Education 109,118 116,502 119,999 123,597 127,303
<br /> ontribs.to Other Agencies 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 /> &M Impact from CIP 0 1,347 4,319 5,161
<br /> Total Expenditures 291,420 306,037 333,166 356,293 379,587
<br /> Net Annual Rev(Exp) 1,148 (0) (21,450) (37,640) (53,596)
<br /> lGap to Close 0 21.450 37 640 53.506
<br /> Initial Model expects a$21.5 million gap to solve for the FY2026-27 budget. �1
<br /> Zs ORAN HE COUNTY
<br /> NC3Commissioner McKee asked if the cost of closing the gap is 7 cents.
<br /> Travis Myren said yes.
<br /> Commissioner McKee said there may a need for across-the-board reductions.
<br /> Travis Myren said the county will need to balance the benefits of non-mandated services
<br /> with mandated services.
<br /> Slide #26
<br /> Other Funds
<br /> Funds to watch outside of the General Fund
<br /> • Community Development Fund
<br /> - $900,000 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 /> - $300,000 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 /> 26 ORANGE�COUN�TY
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