At the November 24, 2009 Orange County Board of Supervisors meeting, an update on the County budget was given. The General Fund is 15.5% below projections, but total revenues are 61.5% above projections from increased funding from State and Federal governments, grant and program funding, and drawing on reserves. The decline in property and sales tax has caused the General Purpose revenues to decline by 39.7%. At the same time, County expenditures are up by 52.9% than projected due to delay of receipt of reimbursements from the State.
The complete report along with charts and PowerPoint is available online.
Comments