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0RD - 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 XI1 . 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 />