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HomeMy WebLinkAboutAgenda 06-02-2026; 8-f - Fiscal Year 2025-26 Budget Amendment #11 1 ORD-2026-013 ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: June 2, 2026 Action Agenda Item No. 8-f SUBJECT: Fiscal Year 2025-26 Budget Amendment #11 DEPARTMENT: County Manager's Office ATTACHMENT(S): INFORMATION CONTACT: Attachment 1. Year-to-Date Budget Kirk Vaughn, (919) 245-2153 Summary PURPOSE: To approve budget, grant, and capital project ordinance amendments for Fiscal Year 2025-26. BACKGROUND: Miscellaneous 1. The FY 2025-26 Approved Budget included Wage Increase funds of$1,797,262, Merit Pay Adjustment of $451,000 and a Salary Savings allocation of -$5,169,900. This budget amendment provides for the allocation of these funds within the affected departments in the General Fund. 2. The Annual Grant Fund has not been used by the County for several years and is ready to be closed out in FY 2027. The Annual Grant Fund was last used for the Senior Health Coordination in FY 2022-23 which was primarily funded by program revenue and General Fund support. This activity was moved to the General Fund as of FY 2023-24. This amendment transfers the cash position of$100,000 to the General Fund to prepare for the close out. 3. The Emergency Recovery Fund was used during COVID to track all Federal Emergency Management Agency (FEMA) eligible expenses incurred by the County. The County had moved $371,743 in County funds into the project to cover ineligible expenses in a prior year. The County has finished its reporting and will transfer $80,000 back to the General Fund. The County was able to have over$4 million dollars of eligible expenses reimbursed by FEMA that would have otherwise been covered by County tax dollars. The fund will be closed out in FY 2027. 4. The Health and Dental Fund, which funds employee and retiree health insurance, has experienced higher activity for Pre-65 & Post-65 Retirees for FY 2025-26 and is expected to exceed budget by $400,000. The County will cover this increase using the additional revenue generated in items 2 & 3 above, and $220,000 in additional Interest Income to cover this overage. 2 5. The Risk Management Division has experienced increases for Workers Compensation Premiums and higher than expected activity for Workers Compensation Claims and is expected to exceed budget by $100,000. The county will use additional Interest Income to cover this overage. 6. The Housing Choice Voucher Fund has received more revenue from the federal government due to higher rents on voucher units. This item recognizes $1,000,000 in additional revenue and authorizes expenses in the Housing Choice Voucher Fund, outside of the General Fund. 7. The Chapel Hill-Carrboro City Schools District Tax Fund provides all tax revenue by the special district tax levy generated directly to the school district. That levy is estimated to generate an additional $750,000 above the original budget. This increases the revenue in the District Tax Fund, outside of the General Fund. 8. The County pays monthly fees for document retention and storage in the Orange-Person- Chatham (OPC) Retiree Health Fund, outside of the General Fund. This amendment increases the authorization in the fund by $21,000 due to increases in storage costs. 9. The Sportsplex Fund continues to experience improved revenue performance recovering from the pandemic. This item recognizes $1,000,000 in additional revenue, which will support inflationary expenses experienced by the Sportsplex, and improves the position of the enterprise fund. 10.The Inspections Fund has experienced higher inspections activity than was previously budgeted for. This item recognizes $50,000 in additional revenue and authorizes expenses in the Inspections Fund, outside of the General Fund. 11.The County is issuing $32 million in Series 2026-A Limited Obligation Bonds. This financing will incur $500,000 in costs for issuance. These expenses will be budgeted in the Debt Service Fund, outside of the General Fund. 12.The County has received additional property tax revenue in its Fire Districts Funds, and can increase the authorization by $1,000. ALIGNMENT WITH STRATEGIC PLAN: This item supports: • MISSION STATEMENT — Orange County is a visionary leader in providing governmental services valued by our community, beyond those required by law, in an equitable, sustainable, innovative, and efficient way. FINANCIAL IMPACT: The approval of Budget Amendment#11 increases the authorization of the General Fund by $500,000, Employee Health and Dental Fund by $400,000, Fire District Fund by $1,000, Housing Choice Voucher by $1,000,000, Annual Grant Funds by $90,199, Debt Service Fund by $500,000, Inspections Fund by $50,000, Sportplex Fund by $1,000,000, Chapel Hill- Carrboro City Schools District Tax Fund by $750,000, Orange-Person-Chatham (OPC) Retiree Health Fund by $21,000, and the Emergency Relief Fund by $72,860. RECOMMENDATION(S): The Manager recommends the Board approve the budget, grant, and capital project ordinance amendments for Fiscal Year 2025-26. 3 Year-To-Date Budget Summary Fiscal Year 2025-26 Housing Sportsplex Chapel Hill- OPC Employee Annual Carrboro City Fire Districts Choice Debt Service Inspections Operations Retiree Emergency Fund Budget Summary General Fund Health and Fund Voucher Grants Fund Fund Enterprise Schools Health Relief Fund Dental Fund Fund Fund Fund District Tax Fund Fund Original Budget Revenue $298,315,586 $15,724,204 $11,017,785 $8,636,500 $753,825 $1,349,341 $5,720,578 $29,557,658 $18,000 Interfund Transfer Revenue $665,729 $3,674,204 $0 $0 $32,331,700 $335,774 $0 $0 $0 Fund Balance Appropiation $7,056,130 $0 $75,000 $0 $1,672,832 $0 $0 $0 $0 Total Original Budget $306,037,445 $19,398,408 $11,092,785 $8,636,500 $0 $34,758,357 $1,685,115 $5,720,578 $29,557,658 $18,000 $0 Additional Revenue Received Through Budget Amendment#11 (June 2nd) Grant Funds $1,017,213 $1,000,000 Non Grant Funds $602,449 $1,000 $500,000 $50,000 $1,000,000 $750,000 Additional Interfund Transfer Revenue $329,261 $400,000 Additional Fund Balance Appropriation $2,324,373 $20,000 $15,235 $90,199.00 $21,671 $21,000 $72,860 Total Amended Budget $310,310,741 $19,798,408 $11,113,785 $9,651,735 $90,199.00 $35,258,357 $1,735,115 $6,742,249 $30,307,658 $39,000 $72,860 Dollar Change in 2025-26 Approved Budget $4,273,296 $400,000 $21,000 $1,015,235 $90,199 $500,000 $50,000 $1,021,671 $750,000 $21,000 $72,860 Change in 2025-26 Approved Budget 1.40%1 2.06%1 0.19%1 11.76%1 100.00%1 1.44%1 2.97%1 17.86%1 2.54% 116.67% 100.00%