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<br />Revenues for this project:
<br />A ppropriated for this pr o'ect:
<br />FY 2010 -11
<br />Original Budget
<br />FY 2010 -11
<br />Amendment
<br />FY 2010 -11
<br />Revised
<br />Charges for Services
<br />$24,000
<br />$0
<br />$24,000
<br />Intergovernmental
<br />$33,000
<br />$6,000
<br />$39,000
<br />Transfer from General Fund
<br />$40,079
<br />$0
<br />$40,079
<br />Total Project Funding
<br />$97,079
<br />$6,000
<br />$103,079
<br />A ppropriated for this pr o'ect:
<br />Conservation Easements Capital Project Ordinance
<br />3. At its meeting on June 15, 2010, the Board of County Commissioners accepted a State
<br />grant from the NC Agricultural Development and Farmland Preservation Trust Fund for
<br />$150,000 and federal Farm and Ranch Land Protection Program funds of $172,000
<br />related to the County's purchase of an agricultural conservation easement on the
<br />Breeze farm located on Schley Road (Cedar Grove Township). This purchase of 153
<br />acres represents Phase II of the planned two- phased conservation easement on the
<br />Breeze farm. The County's share of funds (not to exceed $180,000) would come from
<br />the remaining $281,727 in alternative financing proceeds approved by the Board of
<br />County Commissioners in FY 2003 -04 (total of $3.0 million).
<br />Also, the following two prior years' budget amendment adjustments totaling $896,750 are
<br />needed to correct the project ordinance:
<br />At its meeting on January 15, 2008, the Board of County Commissioners
<br />approved Budget Amendment #6. As part of this amendment, the $146,750 of
<br />grant funds for the Lee Farm Easement was incorrectly classified as county funds
<br />on the approved capital project ordinance. A $146,750 budget amendment is
<br />needed in the Conservation Easement project to correctly classify this grant
<br />funding.
<br />On April 26, 2006 Orange County issued $2,000,000 alternative financing for
<br />Conservation Easements. A total budget for the alternative financing of
<br />$1,250,000 was approved in the FY 2005 -06 CIP for Conservation Easements
<br />project. A $750,000 budget amendment to the Conservation Easement project is
<br />needed to bring the budget in line with actual revenues received in 2006.
<br />This budget amendment corrects the budgets from prior years, provides for the receipt of
<br />the additional grant funds in FY 2010 -11, and amends the Conservation Easements
<br />Capital Project Ordinance as follows:
<br />FY 2010 -11
<br />Original Budget
<br />FY 2010 -11
<br />Amendment
<br />FY 2010 -11
<br />Revised.
<br />Senior Citizen Health Promotion
<br />$97,079
<br />$6,000
<br />$103,079
<br />Total Costs
<br />$97,079
<br />$6,000
<br />$103,079
<br />Conservation Easements Capital Project Ordinance
<br />3. At its meeting on June 15, 2010, the Board of County Commissioners accepted a State
<br />grant from the NC Agricultural Development and Farmland Preservation Trust Fund for
<br />$150,000 and federal Farm and Ranch Land Protection Program funds of $172,000
<br />related to the County's purchase of an agricultural conservation easement on the
<br />Breeze farm located on Schley Road (Cedar Grove Township). This purchase of 153
<br />acres represents Phase II of the planned two- phased conservation easement on the
<br />Breeze farm. The County's share of funds (not to exceed $180,000) would come from
<br />the remaining $281,727 in alternative financing proceeds approved by the Board of
<br />County Commissioners in FY 2003 -04 (total of $3.0 million).
<br />Also, the following two prior years' budget amendment adjustments totaling $896,750 are
<br />needed to correct the project ordinance:
<br />At its meeting on January 15, 2008, the Board of County Commissioners
<br />approved Budget Amendment #6. As part of this amendment, the $146,750 of
<br />grant funds for the Lee Farm Easement was incorrectly classified as county funds
<br />on the approved capital project ordinance. A $146,750 budget amendment is
<br />needed in the Conservation Easement project to correctly classify this grant
<br />funding.
<br />On April 26, 2006 Orange County issued $2,000,000 alternative financing for
<br />Conservation Easements. A total budget for the alternative financing of
<br />$1,250,000 was approved in the FY 2005 -06 CIP for Conservation Easements
<br />project. A $750,000 budget amendment to the Conservation Easement project is
<br />needed to bring the budget in line with actual revenues received in 2006.
<br />This budget amendment corrects the budgets from prior years, provides for the receipt of
<br />the additional grant funds in FY 2010 -11, and amends the Conservation Easements
<br />Capital Project Ordinance as follows:
<br />
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