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<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 Ordinance106: Conservation Easements also realigns line 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) reverwe (e) expense Amount
<br />credit
<br />10A E ui ment and Vehicles (r) NC DOT Funds E634,800.Z7 (e)Animal Control Veh $76,862.00
<br /> " " (r) USDOJ Funds 538,574.00 (e)Inform Tech Vehicles $22,600.00
<br /> " (r) Equipment Financing 53,415,031.00 a Bld ~ Gmds Veh $163,425.00
<br /> " " (r) From General Fund §615,927.48 a Motor Pool Vehicles $302,458.00
<br /> " " (r) From other Project 5559,000.00 (e)Sanitation Equipment $168 524.00
<br /> " " (e)Sanitation Vehicles $391,775.00
<br /> " ~` (e)Trans to General Fnd $100,000.00
<br /> " " (e) Unallocated $73,114.00
<br /> " (e) Social Services Veh $16,275.00
<br /> " « (e) Health Admin Veh $77,135.00
<br /> " (e) Dental Health Equip $82 506.00
<br /> « <` (e)Env Haalth Equip $18,000.00
<br /> " " (e) Personal Hlth Equip $9,037.00
<br /> " , " (e) OrangePubTransVeh $276 874.31
<br /> " " (e)Recreation&Pks Eqp $87,389.00
<br /> " " (e) Recreation8,Pks Veh $137,564.00
<br /> " ~` (e)Little River Park Eqp $32,794.00
<br /> ~~ ~ (e) Little River Park Veh $32 000.00
<br /> u (e) ERCD Vehicles $46 828.00
<br /> « K (e)Planning Vehicles $56,000.00
<br /> `~ " (e)Sheriff Equipment $164,162.00
<br /> N (e) Sheriff Vehicles 51,319,934.50
<br /> `~ ~ (e)Emerg Mgt Equip $291,468.87
<br /> « ~~ (e) Emerg Mgt Vehicles 51,393,626.07
<br />10B Conservation Easements {r) From other project 577,019 a Unallocated $86,813
<br /> " e Tate Easement $1,050
<br /> " e Sh Easement $1,000
<br /> " e Peele Easement $84,763
<br />11A Debtlssuance
<br />Costs/transfers
<br />(e) Trans to Gen Fun
<br />$2,200,000
<br />(r) Interest on invest
<br />52,499,000
<br /> " e Debt Related Costs $300,000
<br /> ., ~,
<br /> Fund Total 57,927164.75 $7,926,164.75
<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.
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