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3 <br />3) Project Budgets Out of Balance -The County Capital Project Fund project ordinances listed <br />below are out of balance, meaning the budgeted revenue for the project does not equal the budgeted <br />expenditure. In addition, the Capital Project Fund budget as a whole is $1,000 out of balance. <br />Project Ordinance 11A will balance both the projects and the fund. <br />Project Ordinance 10A: Equipment and Vehicles closes old activity prior to the current fiscal year. <br />Acquisition of vehicles is now being financed on a pay as you go basis in the General Fund. <br />Project Ordinance10B: Conservation Easements also realigns fine item budgets within the Ordinance <br />to cover expenditures in those line items. <br />Project Ordinance 11A: Debt Issuance Costs and Transfers appropriates revenue from interest <br />earning funds to cover past expenditures. It also provides additional funding for future expenditures <br />related to debt issuance costs and transfers to the General Fund for debt service. There have been <br />no appropriations in this project prior to now. <br /> Capital Project Ordinance Account <br />(r) revenue (e) expense Amount <br />debit Account <br />(r) revenue (e) expense Amount <br />credit <br />10A E ui ment and Vehicles (r) NC DOT Funds $634,800.27 (e)Animal Control Veh 676,862.00 <br /> " " (r) USDOJ Funds 538,574.00 (e)Inform Tech Vehicles 622,600.00 <br /> " (0 Equipment Financing $3,415,031.00 a Bld 8a Gmds Veh $163,425.00 <br /> " " (r) From General Fund $615,927.48 a Motor Pool Vehicles 6302,458.00 <br /> " (r) From other Project $559,000.00 (e)Sanitation Equipment $168,524.00 <br /> " " (e}Sanitation Vehicles $391,775.00 <br /> " (e)Trans to General Fnd 6100,000.00 <br /> " " (e) Unallocated 673,114.00 <br /> " " (e) Social Services Veh $16,275.00 <br /> (e) Health Admin Veh $77,135.00 <br /> " " (e) Dental Health Equip 682,506.00 <br /> " " (e)Env Health Equip $18,000.00 <br /> " <br />(e) Personal Hlth E ui <br />q P $9,037.00 <br /> " ~ " (e) OrangePubTransVeh $276 874.31 <br /> " " (e)Recreation&Pks E4P 687,389.00 <br /> " " (e) Recreation>I<Pks Veh $137,564.00 <br /> « ~~ (e)Little River Park Eqp $32,794.00 <br /> « ~ (e) Little River Park Veh $32 000.00 <br /> " ~` (s) ERCD Vehicles 646 828.00 <br /> ~~ ~ (e)Planning Vehicles $56,000.00 <br /> `~ ~~ (e)Sheriff Equipment $164162.00 <br /> ~` (e) Sheriff Vehicles $1,319,934.50 <br /> « N (e)Emerg Mgt Equip $291,468.87 <br /> « ~~ (e) Emerg Mgt Vehicles $1,393,626.07 <br />10B Conservation Easements (r) From other project $77,019 a Unallocated $86,813 <br /> " e Tate Easement 61,050 <br /> " e Sh Easement $1,000 <br /> " e Peeie Easement $84,763 <br />11A Debt Issuance <br />Costsltransfers <br />(e) Trans to Gen Fun <br />$2,200,000 <br />(r) Interest on invest <br />$2,499,000 <br /> " e Debt Related Costs $300 000 <br /> « « <br /> Fund Total $7,927164.75 $7,928,164.75 <br />FINANCIAL IMPACT: The financial impact of the recommended action is discussed in the background. <br />RECOMMENDATION(S): The County Manager recommends the Board of County Commissioners <br />approve these capital project ordinances for FY 2008-09. <br />