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Agenda - 01-20-2011 - 7c
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Agenda - 01-20-2011 - 7c
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Last modified
1/14/2011 12:35:07 PM
Creation date
1/14/2011 12:35:06 PM
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BOCC
Date
1/20/2011
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
7c
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Minutes 01-20-2011
(Linked From)
Path:
\Board of County Commissioners\Minutes - Approved\2010's\2011
ORD-2011-004 Capital Projects Budget Ordinance Amendments – Budget Amendment #6-A
(Message)
Path:
\Board of County Commissioners\Ordinances\Ordinance 2010-2019\2011
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9 <br />Attachment 3 <br />EFLAND SEWER EXTENSION DEVELOPMENT BACKGROUND: <br />Capital Project Ordinance: <br />The Efland Sewer Extension Project Ordinance has an approved budget of $2,192,240 and is <br />$394,000 over the correct project budget of $1,798,240. <br />On May 4, 2006, the Board of County Commissioners met to award bids for the construction of <br />water and sanitary sewer services to the Buckhorn Area, including the new Gravelly Hifl Middle <br />School. The low bid was above the available budget and the Board approved a plan to debt <br />finance the remaining $394,000 of the project with the next debt issuance planned for the fall of <br />2006. The $394,000 was included in the Efland Sewer Extension Project Ordinance <br />amendment and was approved by the Board. A $400,000 Budget Amendment for Efland <br />Sewer Extension Project Ordinance was approved by the Board on June 27, 2007 in <br />coordination with the issuance of debt. A total of $400,000 of new debt was sold for the Efland <br />Sewer Project. This double budgeting of debt proceeds results in the Efland Sewer Extension <br />Development Project Ordinance being overstated by $394,000. <br />Efland Sewer Extension Development: <br />Project # 30017 <br />Revenues for this project: <br /> FY 2010-11 <br />Revised FY2010-11 <br />Corrections FY 2010-11 <br />Revised <br />Sales Tax & Dedicated <br />Pro e Tax <br />Private Placement $685,654 $394,000 $291,654 <br />Grant Funds 867,300 867,300 <br />Transfer from other Funds 639,286 639,286 <br />Total Pro'ect Fundln $2,192,240 $394,000 $1,798,240 <br />A ro riated for this ro'ect: <br /> Through FY <br />2009-10 FY2010-11 <br />Corrections FY 2010-11 <br />Revised <br />Site Develo ment $50,000 $50,000 <br />Professional Services 30,250 30,250 <br />Construction 2,111,990 $394,000 1,717,990 <br />Total Pro'ect Costs $2,192,240 $394,000 $1,798,240 <br />
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