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16 <br /> ORD-2026-014 <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 2026-27 will be <br /> $21,406,144 and projected expenses for claims and administration for fiscal year 2026-27 <br /> will be $21,406,144. <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 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, 2026 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 2026-27 budget, with anticipated fund <br /> revenues of $24,409,968 and project expenditures of $24,409,968 is hereby <br /> adopted in accordance with G.S. 159 by Orange County for the fiscal year <br /> beginning July 1, 2026, and ending June 30, 2027, and the same is adopted by <br /> project. <br /> b. The Proprietary Capital Funds FY 2026-27 budget, consisting of Water and Sewer <br /> Utilities, Solid Waste, and Sportsplex, with anticipated fund revenues of <br /> $2,484,636 and project expenditures of $2,484,636 is hereby adopted in <br /> accordance with G.S. 159 by Orange County for the fiscal year beginning July 1, <br /> 2026, and ending June 30, 2027, and the same is adopted by project. <br /> i. The Solid Waste Renewal and Replacement Capital Fund FY 2026-27 budget, <br /> with anticipated sources of income of $544,636 and anticipated expenditures <br /> 9 <br />