ORD-2006-044 - Approval of Fiscal Year 2006-07 County and School Capital Project Ordinances

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1(0 Capital Repairs /Replacement (Emergency) Reserve Fund Capital Project Ordinance Be it ordained by the Orange County Board of County Commissioners that pursuant to Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital project is hereby adopted. Section 1.The project authorized provides reserve funds that would be used to address major system /component needs, abatement, etc, that may arise after the budget is adopted. Proceeds from the County's share of pay -as- you -go capital funds finance the project. Section 2.The officers of the County are hereby directed to proceed with the project within the budget contained herein. Section 3.The following revenue is anticipated to complete this project: Section 4.The following amount is appropriated for this project: Through FY 2005 -06 FY 2006 -07 Through FY 2006 -07 Sales Tax and Dedicated Property Tax $25,000 $50,000 $75,000 Bond Funds $0 $0 $0 2004 Two- Thirds Net Debt $0 $0 $0 Grant Funds $0 $0 $0 Dedicated Property Tax $0 $0 $0 Total Funding $25,000 $50,000 $75,000 Section 4.The following amount is appropriated for this project: Section 5. This ordinance shall remain in effect until June 30, 2007. Adopted this 12th day of September 2006. Through FY 2005 -06 FY 2006 -07 Through FY 2006 -07 Land/Building $0 $0 $0 Design $0 $o $0 Construction $0 $0 $0 Reserve $25,000 $50,000 $75,000 Total Budgeti $25,000 $50,000 $75,000 Section 5. This ordinance shall remain in effect until June 30, 2007. Adopted this 12th day of September 2006.