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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 wilt 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 />I ~~ v~ <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 E634,800.27 (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 $3,415,031.00 a Bld & Grnds Veh $163,425.00 <br /> °' " (r) From General Fund 5615,927.45 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 Health 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) RecreationSPks Veh $137,564.00 <br /> « « (e)Little River Park Eqp $32,794.00 <br /> « " (e) Little River Park Veh $32,000.00 <br /> ~^ (e) ERCD Vehicles $46 828.00 <br /> « " (e)Planning Vehicles $56,000.00 <br /> « <~ (e)Sheriff Equipment $164,162.00 <br /> « ~~ (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 $77,019 a Unallocated $86,813 <br /> " e Tate Easement $1,050 <br /> °` a Sh Easement $1,000 <br /> " e Peele Easement 384,763 <br />11A Debt Issuance <br />Costsltransfers {e) Trans to Gen Fun $2,200,000 (r) Interest on invest $2,499,000 <br /> " " e Debt Related Costs 5300 000 <br /> .< <~ <br /> Fund Total 57,927164.75 57,926,164.75 <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. <br />