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HomeMy WebLinkAboutAgenda - 05-20-2014 - 4bORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: May 20, 2014 Action Agenda Item No. 4 -b SUBJECT: Presentation of Manager's Recommended Fiscal Year 2014 -15 Annual Operatina Budaet and 2014 -19 Capital Investment Plan DEPARTMENT: County Manager, Finance and PUBLIC HEARING: (Y /N) No Administrative Services ATTACHMENT(S): Recommended FY 2014 -15 Operating Budget and 2014 -19 Capital Investment Plan (Under Separate Cover— Will also be available at http.//www. co. orange. nc. us /finance /index. asp) PowerPoint Presentation (To Be Provided Under Separate Cover at the Meeting) INFORMATION CONTACT: Michael Talbert, County Manager, 245 -2300 Clarence G. Grier, Assistant County Manager — Chief Finance Officer, 245 -2453 PURPOSE: To present the Manager's Recommended FY 2014 -15 Annual Operating Budget and 2014 -19 Capital Investment Plan to the Board of County Commissioners. BACKGROUND: Each year during the month of May, the County Manager presents the Board of County Commissioners with a recommended spending plan for the next fiscal year. The Board of County Commissioners and County staff have held multiple budget work sessions over the past nine months to discuss various issues and projects in preparation for decisions related to the County's FY2014 -15 budget. During the meeting, the Manager will provide a brief presentation of the Recommended FY2014 -15 Annual Operating Budget and 2014 -19 Capital Investment Plan. The Board of County Commissioners will conduct two Budget Public Hearings — the first at 7:00 p.m. on Thursday, May 22, 2014 at the Department of Social Services, Hillsborough Commons, 113 Mayo Street, in Hillsborough, and the second at 7:00 p.m. on Thursday, May 29, 2014 at the Southern Human Services Center, 2501 Homestead Road in Chapel Hill. In addition, the Board has scheduled the following Budget Work Sessions: June 5, 2014 — Budget Work Session with Chapel Hill Carrboro City Schools and Orange County Schools Boards of Education, Durham Technical Community College, Sportsplex, and County Departments (including Fee Schedule) o Location — Southern Human Services Center, 2501 Homestead Road in Chapel Hill • June 10, 2014 — Budget Work Session for Board to discuss components of the FY2014- 15 Manager's Recommended Operating Budget with Fire Districts, Mark III (as related to Health Insurance), Outside Agencies and County Departments (including Fee Schedule) o Location — John M. Link, Jr. Government Services Center, 200 S. Cameron Street, Hillsborough • June 12, 2014 — Budget Work Session for Board to finalize decisions on the FY2014 -15 Annual Operating Budget and the 2014 -19 Capital Investment Plan o Location — Southern Human Services Center, 2501 Homestead Road in Chapel Hill • June 17, 2014 — Adoption of FY2014 -15 Annual Operating Budget and 2014 -19 Capital Investment Plan during regular BOCC meeting o Location — Southern Human Services Center, 2501 Homestead Road in Chapel Hill All meetings start at 7:00 p.m. FINANCIAL IMPACT: There is no financial impact associated with the presentation of the Manager's Recommended FY2014 -15 Operating Budget and 2014 -19 Capital Investment Plan. Decisions that the Board makes as part of its discussion on the Manager's Recommended FY2014 -15 Annual Operating Budget and 2014 -19 Capital Investment Plan will have financial impacts. RECOMMENDATION(S): The Manager recommends the Board receive the presentation of the Manager's Recommended FY2014 -15 Annual Operating Budget and 2014 -19 Capital Investment Plan.