Agenda - 05-11-2010 - 2 - Laserfiche WebLink

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a ACTION REQUESTED 1. Appropriate General Fund Balance to provide funding for County Capital Projects that have a shortFall. BACKGROUND: The Board of County Commissioners was presented a two year plan on February 3, 2009 related to School and County Capital Projects. The plan was to fund a $5.9 million dollar shortfall from the General Fund. A total of $4.2 million dollars has been appropriated from the General Fund, $3.5 million in Fiscal Tear 2008/2009 and $.7 million in Fiscal Year 2009/2010. The remaining $1.7 million has not yet been appropriated from the General Fund. In February 2009 staff analysis showed that the majority of the remaining shortfalls resulted from differences between the pay-as-you-go funds budgeted for projects in the County Capital Projects Fund and the funds actually transferred to the individual projects. Many of these differences existed when the conversion to the MUNIS System occurred in 2003. As an accounting reminder, the Board will recall that the General Fund only has annual appropriations that when not expended at the end of each fiscal year, the remaining funds lapse into Fund Balance. The County Capital Projects Fund is established by a project ordinance and the funds only lapse when the project is complete and the project is closed. CURRENT SITUTATION: There are eleven County Capital projects that have individual existing budgets that receive transfers from the General Fund. To complete funding for these nrnicr+c r~+crl hA~nvv an annrnnriatinn ~f X1.739.270 from the General Fund Balance is needed. -, - Project Amount Justice Facility $267,094 Norther Human Services Center $83,022 Senior Center Central Orange $280,533 Animal Services Facility $65,197 EMS Relocation $60,959 Lands Legacy -Unallocated $325,452 Parkland & Recreation Facilities $27,563 Utility Exiension Development $9,450 Affordable Housing $250,000 Roofing Projects $100,000 Information Technology $270,000 Total Project Funding 1,739,270