Orange County NC Website
Browse       Search
agreement. A joint meeting with both school systems was held to discuss how to accomplish <br />this. The staff of the school systems and County staff agreed to meet twice a year to compare <br />records and resolve any differences. The County Financial Services staff would set the <br />meetings which would occur in the September and March-April timeframe. Additionally the <br />staffs agreed to maintain good ongoing communication whenever there was a question related <br />to capital project activities. The staffs also agreed that actions would be taken on a timely basis <br />to close out project budgets when a project was complete. <br />FINANCIAL IMPACT: An appropriation of $724,000 of fund balance in the General Fund for <br />transfer to the School Capital project fund is necessary to complete the funding needed to bring <br />project funding into alignment. <br />RECOMMENDATION(S): The Manager recommends that the Board: <br />1 } Approve the attached School Capital Project Ordinances; and <br />2) Approve the appropriation of $724,000 from fund balance in the General Fund for transfer <br />to the School Capital Project fund. <br />