Orange County NC Website
Browse       Search
AGENDA ITEM ? 23 - BUDGET AMENDMENTS <br /> A..) A change in the way encumbrances are carried forward from the prior year <br /> has begun this year and was discussed by Peat, Marwick, Mitchell and <br /> Company in the Board Meeting of November 24, 1980. In prior years, <br /> encumbrances (i.e. funds obligated by a purchase order or contract) <br /> were charged to that budget year. The amount of the encumbrance was <br /> brought forward into the new fiscal year as a credit, reducing expense. <br /> This year, all encumbrances at 6/30/80 were placed into Fund Balance <br /> Reserved for Encumbrance. We then apply them back into the current <br /> year by taking them out of Fund Balance and placing them back into the <br /> budget category where the encumbrance had been recorded. This amendment <br /> does not result in increased funding, but rather, is a different way <br /> of applying last year's obligated funds. <br /> B») The Northern Fairview Community Development Program was authorized by <br /> the Board of Commissioners in a three year contract. The first year of <br /> the proposal has been approved by HUD'for $679,000, This Project <br /> Ordinance is to authorize the first4ear budget as submitted to and <br /> approved by HUD. <br /> C.) The CETA contracts for 10/1/80 to 9/30/81 include the CETA Administrative <br /> Cost Pool, IIB, IID and YETP for a total of $327,711. The contracts <br /> were authorized by the Board of Commissioners and this Project Ordinance <br /> is to authorize the budgets as submitted to and authorized by the Department <br /> of Community Employment. <br /> D.) As presented in the Board Meeting of November 25, 1980, the Social <br /> Services Department has accepted $8,559 for Pernnancy Planning. In <br /> addition, they are presenting several budget changes as presented in <br /> their budget amendment requests that are attached for your review. <br /> The overall affect of this amendment is an increase in program revenue <br /> from Federal and State allocations of $44029; and a decrease of <br /> $1,242 in Local allocation. <br /> The Health Department is requesting a transfer to pay for repair to <br /> the two-way radios that had not been anticipated in this fiscal year. <br />