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21 <br /> 1 Education will provide to the Board of County Commissioners a copy of the annual audit, <br /> 2 monthly financial reports, copies of all budget amendments showing disbursements and use of <br /> 3 local moneys granted to the Board of Education by the Board of Commissioners. <br /> 4 <br /> 5 Section X. Internal Service Fund - Dental Insurance Fund <br /> 6 <br /> 7 The Dental Insurance Fund accounts for the receipt of premium payments from the County for <br /> 8 its employees and from the employees for their dependents, and the payment of employee <br /> 9 claims and administration expenses. Projected receipts from the County and employees for <br /> 10 2014-15 are $505,324 and projected expense for claims and administration for 2014-15 is <br /> 11 $505,324. <br /> 12 <br /> 13 Section XI. Internal Service Fund -Vehicle Replacement Fund <br /> 14 The Vehicle Replacement Fund will centralize and account for the purchase and replacement of <br /> 15 County vehicles purchased with revenues and funding provided by the Governmental Funds of <br /> 16 Orange County (General Fund, Special Revenue and Grants Funds). Projected sources of <br /> 17 revenues and funds will be $775,119 of short-term installment financing and internal reserves, <br /> 18 and the projected expenses for the purchase of vehicles will be $775,119. <br /> 19 <br /> 20 Section XII. Agency Funds <br /> 21 <br /> 22 These funds account for assets held by the County as an agent for other government units, and <br /> 23 by State Statutes, these funds are not subject to appropriation by the Board of County <br /> 24 Commissioners, and not included in this ordinance. <br /> 25 <br /> 26 Section XIII. Encumbrances <br /> 27 <br /> 28 Operating funds encumbered by the County as of June 30, 2014 are hereby reappropriated to <br /> 29 this budget. <br /> 30 <br /> 31 Section XIV. Capital Projects & Grants Fund <br /> 32 <br /> 33 The County Capital Improvements Fund, Schools Capital Improvements Fund, Community <br /> 34 Development Fund and the Grant Projects Fund are hereby authorized. Appropriations made <br /> 35 for the specific projects or grants in these funds are hereby appropriated until the project or <br /> 36 grant is complete. <br /> 37 <br /> 38 The County Capital Projects Fund FY 2014-15 budget, with anticipated fund revenues of <br /> 39 $6,150,636, and project expenditures of$6,150,636, is hereby adopted in accordance with G.S. <br /> 40 159 by Orange County for the fiscal year beginning July 1, 2014, and ending June 30, 2015, <br /> 41 and the same is adopted by project. <br /> 42 <br /> 43 The School Capital Projects Fund FY 2014-15 budget, with anticipated fund revenues of <br /> 44 $5,061,129, and project expenditures of$5,061,129, is hereby adopted in accordance with G.S. <br /> 45 159 by Orange County for the fiscal year beginning July 1, 2014, and ending June 30, 2015, <br /> 46 and the same is adopted by project. <br /> 47 <br /> 48 The County Grant Projects Fund FY 2014-15 budget, with anticipated fund revenues of <br /> 49 $824,783, and project expenditures of$824,783, is hereby adopted in accordance with G.S. <br />