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<br /> 5. The Risk Management Division has experienced increases for Workers Compensation
<br /> Premiums and higher than expected activity for Workers Compensation Claims and is
<br /> expected to exceed budget by $100,000. The county will use additional Interest Income to
<br /> cover this overage.
<br /> 6. The Housing Choice Voucher Fund has received more revenue from the federal
<br /> government due to higher rents on voucher units. This item recognizes $1,000,000 in
<br /> additional revenue and authorizes expenses in the Housing Choice Voucher Fund, outside
<br /> of the General Fund.
<br /> 7. The Chapel Hill-Carrboro City Schools District Tax Fund provides all tax revenue by the
<br /> special district tax levy generated directly to the school district. That levy is estimated to
<br /> generate an additional $750,000 above the original budget. This increases the revenue in
<br /> the District Tax Fund, outside of the General Fund.
<br /> 8. The County pays monthly fees for document retention and storage in the Orange-Person-
<br /> Chatham (OPC) Retiree Health Fund, outside of the General Fund. This amendment
<br /> increases the authorization in the fund by $21,000 due to increases in storage costs.
<br /> 9. The Sportsplex Fund continues to experience improved revenue performance recovering
<br /> from the pandemic. This item recognizes $1,000,000 in additional revenue, which will
<br /> support inflationary expenses experienced by the Sportsplex, and improves the position of
<br /> the enterprise fund.
<br /> 10.The Inspections Fund has experienced higher inspections activity than was previously
<br /> budgeted for. This item recognizes $50,000 in additional revenue and authorizes expenses
<br /> in the Inspections Fund, outside of the General Fund.
<br /> 11.The County is issuing $32 million in Series 2026-A Limited Obligation Bonds. This financing
<br /> will incur $500,000 in costs for issuance. These expenses will be budgeted in the Debt
<br /> Service Fund, outside of the General Fund.
<br /> 12.The County has received additional property tax revenue in its Fire Districts Funds, and
<br /> can increase the authorization by $1,000.
<br /> ALIGNMENT WITH STRATEGIC PLAN: This item supports:
<br /> • MISSION STATEMENT — Orange County is a visionary leader in providing
<br /> governmental services valued by our community, beyond those required by law, in an
<br /> equitable, sustainable, innovative, and efficient way.
<br /> FINANCIAL IMPACT: The approval of Budget Amendment#11 increases the authorization of the
<br /> General Fund by $500,000, Employee Health and Dental Fund by $400,000, Fire District Fund by
<br /> $1,000, Housing Choice Voucher by $1,000,000, Annual Grant Funds by $90,199, Debt Service
<br /> Fund by $500,000, Inspections Fund by $50,000, Sportplex Fund by $1,000,000, Chapel Hill-
<br /> Carrboro City Schools District Tax Fund by $750,000, Orange-Person-Chatham (OPC) Retiree
<br /> Health Fund by $21,000, and the Emergency Relief Fund by $72,860.
<br /> RECOMMENDATION(S): The Manager recommends the Board approve the budget, grant, and
<br /> capital project ordinance amendments for Fiscal Year 2025-26.
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