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that becomes available in the community prior to the establishment of a firm development <br />plan. A total of $260,000 in FY 2001 Housing Bond funds was allocated for this program. <br />This budget amendment awards housing bond funds totaling $129,930 to EmPOWERment, <br />Inc. for the purchase of this land. (See Attachment 9, Affordable Housing Capital Project <br />Ordinance) <br />Library Services <br />13. The Orange County Library has received notification from the North Carolina Department of <br />Cultural Resources of additional reallocated State Aid funds totaling $563 for this fiscal year. <br />These additional funds bring the current budget for State Aid revenue to $121,954. This <br />budget amendment provides for the receipt of these funds. (See Attachment 1, column #13) <br />School Construction Impact Fee Fund <br />14. This technical amendment provides for the budgeting of Orange County Schools impact fees <br />received ($970,000) during 2004 -05 in the School Construction Impact Fee Fund. This <br />technical amendment provides for the budgeting of these funds for transfer to the General <br />Fund to be used with other funds to pay debt service on Cedar Ridge High School. (See <br />Attachment 1, column. #14) <br />School/Park Capital Reserve Fund <br />15.This action will transfer accrued interest earnings, which are not programmed for <br />expenditure from the reserve fund to the general fund. Transfer of these investment <br />earnings will improve general fund year -end financial condition. This amendment provides <br />for the transfer of these funds from the School /Park Reserve Fund to the General Fund. <br />(See Attachment 1, column #15) <br />FINANCIAL IMPACT: Financial impacts are included in the background information above. <br />RECOMMENDATION(S): The Manager recommends that the Board of County Commissioners <br />approve the attached budget ordinance and capital project ordinance amendments. <br />