ORD-2005-206 - Budget Ordinance Amendment #7

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r 2 Health Department 2. The Orange County Health Department has received notification from the Greensboro Area Health Education Center (AHEC) of the receipt of funds totaling $800 for its Healthy Carolinians program. Made possible through a UNC Health Initiative, the Greensboro AHEC will provide these funds to the Health Carolinians of Orange County for the purchase of a color printer and digital camera for publicizing and marketing the department's Healthy Carolinians program. (See Attachment 5, Healthy Carolinians Program Grant Project Ordinance) SportsPlex 3. At its December 5, 2005 meeting, the Board gave final approval for the County to purchase the SportsPlex from RT Holdings, Inc. In addition, the Board approved a management agreement with Recreation Factory Partners, Inc. (RFP) to provide operational management of the SportsPlex. RFP plans to manage and track revenues and expenditures on a daily basis using their own accounting software with the County continuing to subsidize the cost of operations. Over the past few months, staff has worked with RFP to develop an interim operating budget that will cover the period from closing through June 30, 2006. The following table reflects RFP's projected revenues and expenditures for the balance of the current fiscal year: SportsPlex Interim Budget December 16, 2005 - June 30, 2006 Personnel Services 458,167 Operating 674,000 Capital* 0 Total Expenditures for Interim Period** $1,132,167 Less Offsetting Program Revenue*** 866,300 Net County Costs for Interim Period 1 $265,867 Any capital expenditures/repairs that may be needed for the balance of FY 2005-06 would come from the$300,000 capital reserve that the County will receive in cash at closing Not including depreciation expense Does not reflect any County subsidy Capital funds appropriated by the Board under the SportsPlex Capital Project Ordinance plus an additional subsidy from the General Fund will cover the net County costs of $265,867 outlined in the above chart. Staff anticipates that in addition to the annual $400,000 in capital funds already appropriated by the Board in the project ordinance, the Board will also need to appropriate additional funds totaling $163,435 to cover operations and debt service (related to the purchase of the facility) for the remainder of the current fiscal year. This budget amendment transfers the unexpended portion of the SportsPlex Capital Project funds ($192,432) to the SportsPlex Enterprise Fund and appropriates $163,435 from the County's Fund Balance to the SportsPlex Enterprise Fund. Staff will present any adjustment up or down in the required SportsPlex subsidy for the current fiscal year as part of the final budget amendment in June 2006.