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1 <br />ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: May 18, 2010 <br />Action Agenda <br />Item No. ~ - ~ __ <br />SUBJECT: Appropriations of Solid Waste Fund Balance for the Lands Legacy Project <br />DEPARTMENT: Financial Services PUBLIC HEARING: (Y/N) No <br />ATTACHMENT(S): <br />INFORMATION CONTACT: <br />Clarence Grier, (919) 245-2453 <br />Michael Talbert, (919) 245-2153 <br />PURPOSE: To appropriate Solid Waste Fund Balance to provide funding for the Lands Legacy <br />Project. <br />BACKGROUND: The Board of County Commissioners was presented a two year plan on <br />February 3, 2009 related to School and County Capital Projects. The plan was to fund a $5.9 <br />million dollar shortfall from the General Fund. A total of $4.2 million dollars has been <br />appropriated from the General Fund, $3.5 million in Fiscal Year 2008/2009 and $.7 million in <br />Fiscal Year 2009/2010. The remaining $1.7 million has not yet been appropriated from the <br />General Fund. <br />In February 2009 staff analysis showed that the majority of the remaining shortfalls resulted <br />from differences between the pay-as-you-go funds budgeted for projects in the County Capital <br />Projects Fund and the funds actually transferred to the individual projects. Many of these <br />differences existed when the conversion to the MUNIS System occurred in 2003. <br />As an accounting reminder, the Board will recall that the Solid Waste Fund only has annual <br />appropriations that when not expended at the end of each fiscal year, the remaining funds lapse <br />into Fund Balance. The County Capital Projects Fund is established by a project ordinance and <br />the funds only lapse when the project is complete and the project is closed. <br />CURRENT SITUTATION: On December 11, 2007 the BOCC approved the purchase of 145 <br />acres of land from Fred M. Kirby. Five acres of the total site was for a solid waste convenience <br />center. The final cost of the project was $1,548,013, with $50,000 coming from the Solid Waste <br />Fund. This $50,000 transfer was budgeted in Fiscal Year 2007/2008, but the transfer was <br />never completed to the Lands Legacy Project and the funds lapsed into the Solid Waste Fund <br />Balance. To complete funding for the Lands Legacy Project, an appropriation of $50,000 from <br />the Solid Waste Fund Balance needs to be transferred to the Lands Legacy Project. <br />The Board of Commissioners previously discussed this item at its May 11, 2010 work session. <br />