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.:~ <br /> <br />improvements to land, buildings, and equipment costing <br />$30,000 or more. Any year in which such revenues exceed <br />such expenditure, the excess shall be transferred to the <br />County Capital Reserve Fund. <br />_._.} <br />3. The School Capita]. Reserve Fund shall be used to accumulate <br />funds for acquisitions of or improvements to land, <br />buildings, and equipment for school purposes costing <br />$50,000 or more. <br />4. The County Capital Reserve <br />funds for acquisitions <br />buildings, and equipment <br />$30,000 or more. <br />5. A vehicle Capital Reserve <br />used to accumulate funds- <br />. vehicles. <br />Fund shall be used to accumulate <br />of or improvements to land, <br />for county purposes costing <br />Fund shall be established and <br />for the acquisition of county <br />6. Each year an amount equal to $800,OD0 minus the amount <br />required for that year's debt service on school bonds <br />.issued prior to the 1987-88 fiscal year shall be <br />appropriated in the General Fund budget and transferred to <br />the School Capital Reserve Fund. <br />7. Debt incurred under the "two-thirds net debt reduction" <br />rule shall be limited to instances where the health and <br />safety of Orange County citizens are threatened. <br />8. The amount to be appropriated to each school system for <br />recurring capital expenditures shall be $750,000. This <br />appropriation shall be in effect for a period of at least :-. <br />five years and includes funds for roof repairs. <br />9. County capital expenditures with a cost of $30,000 or more <br />and a useful life of at least five years shall be <br />considered capital projects and accounted for in capital <br />project funds. <br />10. During each fiscal year, the Board shall adopt a Five-Year <br />Capital Improvement Program. The Five-Year Program shall <br />include anticipated county capital expenditures costing <br />$30,000 or more and anticipated school capital expenditures <br />costing $50,000 or more, as well as available financing <br />sources. The first year of the adopted Five-Year Capital <br />Improvement Program shall be incorporated into the next <br />annual operating budget recommended to the Board by the <br />County Manager. <br />VOTE: AYES, 3; NOES, 1 (Commissioner Willhoit) <br />3. SENIOR CITIZENS BOARD ORDINANCE AMENDMENT <br />Jerry Passmore presented for consideration of .approval an <br />amendment to the Ordinance which created the Orange County Senior <br />Citizens Board. The amendment would change the name to County Advisory <br />Board on A in and would increase the size of the Board to l5 members. <br />After a brief discussion a motion was made by Commissioner __- <br />Hartwell, seconded by Commissioner Halkiotis to approve the amendment <br />to the Ordinance to change the name of the Senior Citizens Board to <br />County Advisory Board on Aging and to increase the size of the Board to <br />