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2 <br />CURRENT SITUTATION: Orange County has established two types of projects in the County <br />Capital Projects Fund. The first type of project has been established in whole or in part to <br />construct or acquire a capital asset. The second type of project has been established to act as <br />a reserve to fund other projects. Both types of projects have rarely been closed even after the <br />scope of the original project is complete. <br />On May 18, 2010 the BOCC closed twenty -six County Capital projects that were substantially <br />completed or never had any activity. Closing these projects provide $245,560 in capital <br />resources that can be used for other capital priorities. <br />Attachment 1 lists thirteen active County Capital Projects with available balances, that have had <br />limited activity over the past few years and could be closed as of June 30, 2010. This action <br />would provide in capital resources that can be used for other capital priorities. <br />Attachment 1 also lists three active projects that were set up as reserves. The available funds <br />identified with these three projects total . The intent is to close these projects and <br />move the funds to the newly established County Capital Reserve Fund for future County needs. <br />Attachment 1 also lists three active projects that are not yet complete and will remain active for <br />their identified purposes. The available funds identified with these three projects of <br />were volunteered by the Department of Environment, Agriculture, Parks and Recreation <br />(DEAPR) to assist balancing the County's annual budget without further reductions in programs <br />FINANCIAL IMPACT: The closing of 16 projects and transferring $825,000 from existing <br />projects to the Capital Projects Fund Balance will make $1,786,485 available for future County <br />Capital Needs. When combined with the action taken by the BOCC on May 18 to close 26 <br />completed projects, a total of $2,032,045 will be available to meet County Capital needs. <br />RECOMMENDATION(S): The Manager recommends the Board approve the closing of 16 <br />projects with total available funds of $961,485 and the transfer of $825,000 from existing <br />projects to the Capital Projects Fund Balance as listed on Attachments 1. <br />