NA ORD-2002-022 Budget Amendment #1

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2 1998-99, Orange County has secured adoptive homes for 37 foster children. These funds are 100 percent federal monies, and require no county match. The receipt of these funds brings the current budget for the Adoption Incentive Program to $25,135 for FY 2002-03. This amendment provides for the receipt of these funds (See attachment 1, column #3). Cedar Ridge High School 4. During budget related conversations last spring the Orange County Schools indicated that start-up costs associated with opening the District's new high school, Cedar Ridge High, were just over $1 million. On June 27, 2002, the Commissioners allocated $500,000 in Certificates of Participation (COPs) related investment earnings to partially fund the start-up costs related to the opening of Cedar Ridge High School. This allocation-increased the Cedar Ridge High School Capital Project budget from $27,960,000 to $28,460,000. Recently, the Orange County Schools identified additional sources of revenues that the Board of Education would like to use to make up the additional $500,000 needed for start-up costs: • Reallocate $225,000 from Orange County Schools Technology Capital Project to Cedar Ridge High School Capital Project. • Allocate $150,000 from Orange County Schools Impact Fee revenues to the Cedar Ridge High School Capital Project. • Appropriate $125,000 in Orange County Schools Unappropriated Fund Balance to fund a portion of the start-up costs. This amendment for the Cedar Ridge High School Capital Project Ordinance increases the funds available for the new school by $375,000 bringing the total project budget to $28,835,000. This includes $225,000 reallocated from the OCS Technology Capital Project and the allocation of$150,000 from the OCS Impact Fee Fund. No Commissioner action is required for the additional $125,000 needed for start-up costs since that amount would be appropriated from the Orange County Schools available fund balance. The County's capital project ordinance would not reflect that particular appropriation. (See attached Cedar Ridge High School Construction Capital Project Ordinance, OCS Technology Capital Project Ordinance and column #4 of attachment 1). 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, and, Cedar Ridge High School and OCS Technology Capital Project Ordinances.