On February 9, 2010, the Orange County Supervisors approved changes to the 2009-2010 County budget which includes a 5% reduction in the Net County Cost for each department. A Powerpoint presentation given to the Supervisors is available here Download Qtr2_10_Budget_Report One question to ask when you review these numbers is are the cuts too severe and are cuts being made just to cut government to the point where services can't be rendered any more. Is it time to stop cutting and just ride things out?
Here is a summary:
- The County is projecting employment to pick up in the 3rd quarter of 2010 (July-September).
- 40% of Governor's Schwarzenegger's budget solutions rely on Federal assistance. If that assistance is not received, "Trigger Cuts" will take place.
- County General Fund cash is 115% above 12 months ago. The County still has $278.9 M in General Fund reserves.
- General Fund cash flows are above projections.
- Expenses are below budget - Expenses are 20.6% below budget. Salary and employee benefits are 5.1% below budget. Services and supplies are 24.3% below budget.
- Prop 172 revenue to fund public safety is now at the FY 03-04 level.
- The County is now at the lowest employment levels since 2005-06. In 2005-06, 18,144 people worked for the County. Now, 17,702 work for the County.
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