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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: May 11, 2010 <br />Action Agenda <br />Item No. o~ <br />SUBJECT: Appropriations to Fund Existing County Capital Projects, the Establishment of a <br />County Capital Reserve Fund and Balance & Close County Capital Projects <br />DEPARTMENT: Financial Services <br />PUBLIC HEARING: (Y/N) No <br />ATTACHMENT(S): <br />Attachment 1: Resolution to Establish a <br />County Capital Reserve <br />Fund <br />Attachment 2: Schedule to Projects to be <br />Closed <br />Attachment 3: Schedule of Active <br />Projects and Other <br />Available Funds <br />INFORMATION CONTACT: <br />Clarence Grier, (919) 245-2453 <br />Michael Talbert, (919) 245-2153 <br />PURPOSE: To balance and fund all individual projects in the County Capital Projects Fund and <br />provide reserves for future County Capital Projects. There are five individual actions requested <br />to fully fund and balance all County Capital Projects. <br />Summary of Requested Actions <br />1. Appropriate General Fund Balance to provide funding for County Capital Projects that <br />have a shortfall. <br />2. Appropriate Solid Waste Fund Balance to provide funding for Lands Legacy. <br />3. Establish a County Capital Reserve Fund for future County Capital needs. <br />4. Review and Close completed and active County Capital Projects. <br />5. Appropriate County Capital Fund Balance to provide: <br />a. Funding for four projects with a shortfall. <br />b. Funding for the County Capital Reserve Fund. <br />