ORD-2004-105 - Budget Amendment #2

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2 Arts Commission 3. The Orange County Arts Commission and Chatham Arts co- sponsored a one -day workshop on Studio Tourism for visual arts on August 29, 2004. This workshop focused on ways artists can make their studios /studio tours more "tourist" friendly, how artists can market their studios /studio tours more effectively, and offer new ways to maximize studio /studio tour benefits for artists. A $25 admission fee was charged. The North Carolina Arts Council, via a FY 2004 -05 Management Technical Assistance Grant, has agreed to contribute half the presenter's $1,500 fee, or $750 to this event. This budget amendment provides for the receipt of $750 from the North Carolina Arts Council to be used for the above stated purpose. (See Attachment 1, column #3) Sheriff Department 4. The Orange County Sheriff Department has received additional funds from the ABC Board over and beyond the annual budgeted contract amount for FY 2004 -05. These funds, totaling $22,555, will be used to purchase a vehicle and radio for the department. Since the beginning of the ABC contract in 1982, the department has asked the ABC Board every 3-4 years to purchase a vehicle for the department. The last vehicle purchased with additional ABC Board funds was in FY 2000 -01. This fiscal year, they have agreed to provide funds for a vehicle and radio. This budget amendment provides for the receipt of these funds. (See Attachment 1, column #4) Solid Waste Enterprise Fund 5. On August 17, 2004, the Board of County Commissioners approved vehicle financing of two recycling trucks totaling $287,178 for the Solid Waste Enterprise Fund's rural curbside recycling program. These trucks will be purchased through 59 -month installment financing, which spreads the cost of the equipment over its useful life, reduces the amount of cash needed upfront for the purchase, and takes advantage of the low interest rates available because of the County's excellent credit ratings. Sufficient funds are allocated in the Solid Waste Management Department's FY 2004 -05 operating budget to cover the first annual principal and interest payments. This technical amendment provides for the receipt of the proceeds from the loan as revenues, as well as the offsetting expenditures for these vehicles. (See Attachment 1, column #5) FINANCIAL IMPACT: Financial impacts are included in the background information above. RECOMMENDATION(S): The Manager recommends that the Board of County Commissioners approve the attached budget ordinance amendments.