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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: June 15, 2010 <br />SUBJECT: Close County Capital Projects <br />DEPARTMENT: Financial Services <br />ATTACHMENT(S): <br />Attachment 1: Schedule of County <br />Capital Projects With <br />Available Balances <br />Attachment 2: Capital Investment Plan <br />Description of Projects <br />Attachment 3: Whitted Human Services <br />Renovations for Health <br />Department Capital <br />Project Ordinance <br />Attachment 4: Lands Legacy Capital <br />Project Ordinance <br />Attachment 5: Recreation & Parks <br />Facilities — Twin Creeks <br />Capital Project Ordinance <br />Attachment 6: Central Recreation <br />Repairs Capital Project <br />Ordinance <br />Action Agenyla <br />Item No. '-+ V <br />PUBLIC HEARING: (Y /N) No <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. <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 was approved by the BOCC on May 18, <br />2010. <br />As of June 30, 2009, the Comprehensive Annual Financial Report for Orange County had 84 <br />active capital projects in the County Capital Project Fund. Over the past eight years few if any <br />capital projects were closed even though many have been completed for several years. The <br />purpose of a Capital Project Ordinance is to fund the acquisition or construction of a capital <br />asset. <br />