ORD-2003-044 - Fiscal Year 2004-2004 Capital Project Ordinances and 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 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. A portion of the funds available for this project have been expended. The following amendment is anticipated to close these amounts: Through FY 2002 -03 FY 2003 -04 Through FY 2003 -04 Sales Tax $5,345,664 $0 $5,345,664 Bond Funds $0 $0 Private Placement $0 $0 Grant Funds $1,052,094 $1,052,094 Other $220,000 $220,000 Total Funding $6,617,758 $0 $6,617,758 Section 4. A portion of the funds available for this project have been expended. The following amendment is anticipated to close these amounts: Through FY Through FY 2002 -03 FY 2003 -04 2003 -04 Transfer from County Capital Reserve (1992 -93) $239,583 $239,583 Transfer from County Capital Reserve (1993 -94) $348,384 $348,384 Transfer from County Capital Reserve (1994 -95) $351,954 $351,954 Intergovernmental (1992- 93) $32,935 $32,935 Intergovernmental (1993- 94) $4,688 $4,688 Intergovernmental (1994- 95) $128,822, $128,822 Total $1,106,3661 $0 $1,106,366