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13 <br />ORD- 2013 -023 Attachment 2 <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 2013 -14 are $441,702 and projected expense for claims and <br />administration for 2013 -14 is $441,702. <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 by the <br />Governmental Funds of Orange County (General Fund, Special Revenue and Grants <br />Funds). Projected sources of revenues and funds will be $899,416 of short -term <br />installment financing and internal reserves, and the projected expenses for the purchase <br />of vehicles will be $899,416. <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 XIII. Encumbrances <br />Operating funds encumbered by the County as of June 30, 2013 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 2013 -14 budget, with anticipated fund revenues of <br />$6,036,242, and project expenditures of $6,036,242, is hereby adopted in accordance <br />with G.S. 159 by Orange County for the fiscal year beginning July 1, 2013, and ending <br />June 30, 2014, and the same is adopted by project. <br />7 <br />