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OR D- 001cQ - 005 <br /> . 1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: February 21, 2012 <br /> Action Agenda <br /> Item No. <br /> SUBJECT: Fiscal Year 2011-12 Budget Amendment# 6 <br /> DEPARTMENT: Financial Services PUBLIC HEARING: (Y/N) No <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> Attachment 1. Budget as Amended Clarence Grier, (919) 245-2453 <br /> Spreadsheet <br /> Attachment 2. Year-To-Date Budget <br /> Summary <br /> PURPOSE: To approve budget and grant project ordinance amendments for fiscal year 2011- <br /> 12. <br /> BACKGROUND: <br /> Carry Forwards <br /> 1. On June 30 of each year, there are instances where approved funding for certain Board <br /> approved initiatives is not fully expended at the end of the fiscal year, and the <br /> unexpended monies revert to the County's fund balance. In order for the County to fulfill <br /> financial obligations related to these appropriations, the Board must re-appropriate fund <br /> balance in the next fiscal year for these planned expenditures. For FY 2011-12, the <br /> General Fund Balance appropriation request is $21,974. These carry forwards consist <br /> of the following: (1) $5,523 in NC Matching Grant funds within the Soil and Water <br /> division; (2) $14,250 in donations to the Little River Park for the purchase of new park <br /> equipment; and (3) $2,201 in donations for equipment for Fairview Park. <br /> In order to carry funds forward and authorize their expenditure in fiscal year 2011-12, it <br /> is necessary for the Board to appropriate $21,974 from the General Fund's fund <br /> balance. (See Attachment 1, column 1) <br /> Library <br /> 2. In accordance with the Memorandum of Understanding between Caswell, Person and <br /> Orange counties, the Transition Plan outlines the asset purchase of the Honda Civic <br /> Hybrid previously owned by Hyconeechee Regional Library. The estimated fair market <br /> value, as determined in Kelly Blue Book, is $11,000 and will be divided equally among <br /> the three counties. This budget amendment provides for an appropriation of $7,334 <br /> from the County's General Fund balance to pay Caswell and Person counties their <br />