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6 <br />The County has an existing project in the County Capital Projects Fund designated as <br />"Unallocated". The purpose of the project is to accumulate unallocated revenues that are <br />dedicated to the County Capital Projects Fund but not yet appropriated to any one project. <br />There are $1,016,519 of unallocated resources in this project that can be appropriated for <br />capital needs. <br />Summary of Available Resources <br />12 Active Projects with Available Balances to be Closed $ 737,868 <br />3 Projects with Available Balances to be Transferred $ 825,000 <br />26 Completed Projects to be Closed $ 245,560 <br />Unallocated Revenues $1,016,519 <br />Total Available Resources $2,824,947 <br />FINANCIAL IMPACT: The closing of projects, transferring funds from active projects to Fund <br />Balance, and appropriating unallocated revenues will provide a total of $2,824,947 available to <br />fund future County Capital priorities. A total of $1,429,470 is needed to fund the four projects <br />with a shortfall. <br />RECOMMENDATION(S): The Manager recommends the Board: <br />1. Appropriate $1,016,519 from Unallocated Resources and $412,951 from the <br />Fund Balance of the County Capital Projects Fund to fund the $1,429,470 <br />shortfall; and <br />2. Appropriate $200,000 from the Fund Balance of the County Capital Projects <br />Fund to the New Capital Reserve Fund, leaving $1,195,477 available for future <br />County Capital needs. <br />