ORD-2008-063 - Fiscal Year 2007-2008-Budget Amendment -#10

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ATTACHMENT 7 Capital Repairs /Replacement (Emergency) Reserve Fund 9 Capital Project Ordinance Be it ordained by the Orange County Board of County Commissioners that pursuant to Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital project is hereby adopted. Section 1.The project authorized provides reserve funds that would be used to address major system /component needs, abatement, etc. that may arise after the budget is adopted. Proceeds from the County's share of pay -as- you -go capital funds finance the project. Section-2.The officers of the County are hereby directed to proceed with the project within the budget contained herein. Section 3.The following revenue is anticipated to complete this project: Section 4.The following amount is appropriated for this project: Through FY 2006 -07 FY 2007 -08 Through FY 2007 -08 Sales Tax and Dedicated Property Tax $75,000 $0 $75,000 Bond Funds $0 $0 $0 2004 Two-Thirds Net Debt $0 $0 $0 Grant Funds $0 $0 $0 Dedicated Property Tax $0 $0 $0 Total Funding, $75,000 $0 $75,000 Section 4.The following amount is appropriated for this project: Section 5. The following amount has been transferred to another County Capital Project: Through FY 2006 -07 FY 2007 -08 Through FY 2007-08 Iz Buil $0 $0 $0 Design $0 $0 $0 Ca Eftwtion $0 $0 $0 Reserve $75,000 $0 $75,000 Total Bu $75,000 $0 $75,000 Section 5. The following amount has been transferred to another County Capital Project: Through FY Through FY 2006-07 FY 2007-08 2007 -08 Transfer to Equipment and Vehicle Capital Project (FY 2007 -08 ) $0 $25,000 $25,000 Total Costs $0 $25,0001 $25,000