Agenda - 01-23-2014-13 (4) - Laserfiche WebLink

Browse Search

Capital Funds • The County Capital Funds revenues and other financing sources total $8.9 million compared to expenditures of approximately $5.0 million. The main revenue and financing source are the funds received for the installment financing proceeds received in July of this fiscal year. The majority of the current fiscal year expenditures related to construction cost incurred for the Buckhorn Mebane Economic Development District and communication system improvements for Emergency Services as part of the strategic plan. • The School Capital Funds expenditures total $4.2 million. The majority of the current fiscal year expenditures related to construction cost incurred for Northside Elementary (Elementary #11) and-window replacements for the Chapel Hill—Carrboro City Schools District. Solid Waste Fund • Total revenues and transfers for the Solid Waste Fund decreased 21% over the same period in the previous fiscal year to $5.3 million. Revenues and other financing sources and uses lower due to the closure of the landfill as of June 30, 2013. Total revenues collected are 40% of the amended budget for the fiscal year. • Total expenses for the Solid Waste Fund decreased 17% over the same period in the previous fiscal year to$3.3 million. Total expenditures are 25% of the budget for the fiscal year. • Revenues and transfers are greater than expenses by $1.9 million compared to greater than expenditures by$2.3 million over the same period in the previous fiscal year due to the closure of the Landfill. Sportsplex Fund • Total revenues for the Sportsplex Fund increased 8.8% over the same period in the previous year to $201,338. This is mainly due to increased memberships and increased fees. Total revenues are 36% of the amended budget for the fiscal year. • Total expenditures for the Sportsplex Fund increased 7% over the same period in the previous fiscal year to$1.4 million. Total expenditures are 32% of the budget for the fiscal year. • Revenues and net transfers are greater than expenditures by$154,000, which is nominally the same as the previous fiscal year.