Orange County NC Website
Browse       Search
13 <br />County Commissioners, upon request, all books, records, audit reports, and <br />other information bearing on the financial operation of the local school <br />administrative unit. <br />The Board of Commissioners hereby directs the following measures for budget <br />administration and review: <br />That upon adoption, each Board of Education will supply to the Board of County <br />Commissioners a detailed report of the budget showing all appropriations by <br />function and purpose, specifically to include funding increases and new program <br />funding. The Board of Education will provide to the Board of County <br />Commissioners a copy of the annual audit, monthly financial reports, copies of all <br />budget amendments showing disbursements and use of local moneys granted to <br />the Board of Education by the Board of Commissioners. <br />Section X. Internal Service Fund - Dental Insurance Fund <br />The Dental Insurance Fund accounts for the receipt of premium payments from the <br />County for its employees and from the employees for their dependents, and the payment <br />of employee claims and administration expenses. Projected receipts from the County <br />and employees for 2012 -13 are $259,408 and projected expense for claims and <br />administration for 2012 -13 is $259,408. <br />Section XI. Internal Service Fund - Vehicle Replacement Fund <br />The Vehicle Replacement Fund will centralize and account for the purchase and <br />replacement of County vehicles purchased with revenues and funding provided <br />by the Governmental Funds of Orange County (General Fund, Special Revenue <br />and Grants Funds). Projected sources of revenues and funds will be $640,503 of <br />short -term installment financing and internal reserves, and the projected <br />expenses for the purchase of vehicles will be $640,503. <br />Section XII. Agency Funds <br />These funds account for assets held by the County as an agent for other government <br />units, and by State Statutes, these funds are not subject to appropriation by the Board of <br />County Commissioners, and not included in this ordinance. <br />Section XI11. Encumbrances <br />Operating funds encumbered by the County as of June 30, 2012 are hereby <br />reappropriated to this budget. <br />Section XIV. Capital Projects & Grants Fund <br />The County Capital Improvements Fund, Schools Capital Improvements Fund, <br />Community Development Fund and the Grant Projects Fund are hereby authorized. <br />Appropriations made for the specific projects or grants in these funds are hereby <br />appropriated until the project or grant is complete. <br />The County Capital Projects Fund FY 2012 -13 budget, with anticipated fund revenues of <br />$6,666,950 and project expenditures of $6,666,950 (see Attachment 3), is hereby <br />