Orange County NC Website
primary insurer and group health insurance ends. The County makes the same <br /> contribution for Medicare Supplement coverage that it makes for a retired County <br /> employee with 10 years service. <br /> • Annual compensation for Commissioners will include a County contribution for each <br /> Commissioner to the Deferred Compensation (457) Supplemental Retirement Plan that <br /> is the same as the County contribution for non-law enforcement County employees to <br /> the State 401(k) plan. <br /> Section Xl. Budget Control <br /> General Statutes of the State of North Carolina provide for budgetary control measures to exist <br /> between a county and public school system. The statute provides: <br /> Per General Statute 115C-429: <br /> (c) The Board of County Commissioners shall have full authority to call for, and the <br /> Board of Education shall have the duty to make available to the Board of County <br /> Commissioners, upon request, all books, records, audit reports, and other information <br /> bearing on the financial operation of the local school administrative unit. <br /> The Board of Commissioners hereby directs the following measures for budget administration <br /> and review: <br /> That upon adoption, each Board of Education will supply to the Board of County <br /> Commissioners a detailed report of the budget showing all appropriations by function <br /> and purpose, specifically to include funding increases and new program funding. The <br /> Board of Education will provide to the Board of County Commissioners a copy of the <br /> annual audit, monthly financial reports, copies of all budget amendments showing <br /> disbursements and use of local moneys granted to the Board of Education by the Board <br /> of Commissioners. <br /> Section XII. Internal Service Fund- Dental Insurance Fund <br /> The Dental Insurance Fund accounts for the receipt of premium payments from the County for <br /> its employees and from the employees for their dependents, and the payment of employee <br /> claims and administration expenses. Projected receipts from the County and employees for <br /> 2008-09 are $ 394,631 and projected expense for claims and administration for 2008-09 is <br /> $439,335.00. An allocation of$44,704.00 will be made from reserves in the fund to balance. <br /> Section XIII. Encumbrances <br /> Operating funds encumbered by the County as of June 30, 2008 are hereby re-appropriated to <br /> this budget. <br /> This budget being duly adopted this 24th day of June 2008. <br /> Donna Baker. Clerk to the Board Barry Jacobs, Chair <br />