ORD-2004-023 - Approval of Fiscal Year 2004-05 Budget , Capital Project & Grant Project Ordinances

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Equipment and Vehicles Project 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 funds to purchase County -owned vehicles and major equipment. The project will be financed with proceeds from the County's portion of the one half -cent sales taxes, appropriated fund balance from the County Capital Projects Fund, and grant funds from the U.S. Department of Justice and the North Carolina Department of Transportation. - 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 2003- 04 FY 2004 -05 Through FY 2004 -05 Sales Tax $498,295 $50,000 $548,295 Bond Funds $0 $0 $0 2004 Two - Thirds Net Debt $0 $0 $0 Grant Funds $0 $0 $0 Other $0 $0 $0 Total Funding $498,295 $50,000 $548,295 Section 4.The following amount is appropriated for this project: Section 5. This ordinance supersedes all previous Equipment and Vehicle Capital Project Ordinances. Section 6. This ordinance shall remain in effect from July 1, 1998 until June 30, 2005. Adopted this 23rd day of June 2004. Through FY 2003 -04 FY 2004 -05 Through FY 2004 -05 Land/Building $0 $0 .$0 Design $0 $0 $0 Construction $0 $0 $0 Other $498,295 1 $50,000 $548,295 Total Costs 1 $498,2951 $50,000 $548,295 Section 5. This ordinance supersedes all previous Equipment and Vehicle Capital Project Ordinances. Section 6. This ordinance shall remain in effect from July 1, 1998 until June 30, 2005. Adopted this 23rd day of June 2004.