Agenda - 06-28-1994 - VIII-C - Laserfiche WebLink

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Non-Departmental (Outside Agencies) 7. Rape Crisis of Orange County has received a Victims of Crime Act (VOCA) grant from the State. This grant will be used to assist victims of sexual assault. No County match is required for this $17,616 grant. This amendment will budget for the receipt of these funds (see block#7, page 4). Non-Departmental (Miscellaneous) 8. The 1993-94 approved budget included, in the Miscellaneous Function, an allocation totalling $185,689 for the employee merit pay system. This amendment will allocate these funds to functions within the general fund for merits awarded throughout the fiscal year(see block#8, page 4). Non-Departmental (Debt Service) 9. In May, 1993, the County refinanced bonds issued in 1989, 1990 and 1991. This refinancing resulted in substantial savings to the County in reduced debt service payment requirements. A portion of the first year's savings was in the form of a payment to the County for accrued interest on the bonds prior to the actual closing of the bond sale. This amendment adjusts the budget to reflect this accrued interest as a revenue and increases the bond interest payment amount by the same amount (see block#9. page 4). Hyconeechee Regional Library Fund 10. The Hyconeechee Regional Library received unbudgeted State and Local revenues during 1993-94. These additional funds include $37,500 in State Aid; $125,809 appropriated from monies that the Region held prior to becoming a County department; $18,000 in reimbursements from the Regional County members for expenses incurred by the Region; and $2,235 in interest income. This amendment adjusts the budget to reflect this additional revenue (see block#10, page 5). Orange County Schools Capital Projects 11. Each year, funds are transferred to the School Capital Project Fund for each school system and these funds are allocated to various school capital projects. For 1993-94, the Orange County Schools allocated all but$3,112 of their funds to various school projects. This technical amendment adopts a capital project ordinance creating a project account for this capital reserve project (see attached capital project ordinance). County Capital Reserve Fund 12. The 1993-94 budget ordinance includes an appropriation of fund balance for this fund. Since capital projects are authorized by the Board of County Commissioners in separate project ordinances, this appropriation in the budget ordinance is not necessary. This technical budget amendment deletes this reference in Section III of the approved budget ordinance. Recommendation The Manager recommends that the Board of County Commissioners adopt the proposed budget ordinance amendments and proposed capital project ordinance.