NSN ORD-1995-009 Budget Ordinance Amendment #3 - Agenda - 10-17-1995 - VIII-C

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I Orange County Board of County Commissioners Action Agenda Item No Action Agenda Item Abstract Meeting Date: October 17, 1995 Subject: Budget Amendment #3 Department Budget Office Attachment(s) Proposed Budget Ordinance Amendment County Capital Project Ordinance Purpose Public Hearing Yes No x Information Contact Budget Office, ext. 2150 Telephone and Extension Number Hillsborough 732 -8181 Chapel Hill 988 -4501 Durham 888 -7331 Mebane 227 -2031 To approve proposed budget ordinance amendment and capital project ordinance. Background On June 30 of each year, certain designated appropriations are not fully expended. Many of these are related to outstanding purchase orders, where goods and services have been ordered but not yet received and/or paid. In accordance with the fiscal year budget ordinance, funds for outstanding purchase orders are automatically reappropriated in the new budget. Other appropriations, such as to the Carrboro Library, are not fully expended at the end of the fiscal year and, because there is no purchase order, are not authorized through the budget ordinance to be reappropriated. Funds for these planned but unencumbered expenditures are set aside as a reserved portion of fund balance. In order to carry these funds forward and to authorize their expenditure in fiscal year 1995 -98, it is necessary for the Board to approve the attached amendment. Recommendation The Manager recommends that the Board of County Commissioners adopt the proposed budget ordinance amendment and capital project ordinance.