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22 <br /> 1 The Dental Insurance Fund accounts for the receipt of premium payments from the County for <br /> 2 its employees and from the employees for their dependents, and the payment of employee <br /> 3 claims and administration expenses. Projected receipts from the County and employees for <br /> 4 fiscal year 2015-16 are $581,122 and projected expense for claims and administration for fiscal <br /> 5 year 2015-16 is $581,122. <br /> 6 <br /> 7 The Health 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 fiscal year 2015-16 is $9,096,153 and projected expense for claims and administration for fiscal <br /> 11 year 2015-16 is $9,096,153. <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 for fiscal year 2015-16 will be $793,209 of short-term installment financing <br /> 18 and internal reserves, and the projected expenses for the purchase of vehicles for fiscal year <br /> 19 2015-16 will be $793,209. <br /> 20 <br /> 21 Section XII. Agency Funds <br /> 22 <br /> 23 These funds account for assets held by the County as an agent for other government units, and <br /> 24 by State Statutes, these funds are not subject to appropriation by the Board of County <br /> 25 Commissioners, and not included in this ordinance. <br /> 26 <br /> 27 Section XIII. Encumbrances <br /> 28 <br /> 29 Operating funds encumbered by the County as of June 30, 2015 are hereby re-appropriated to <br /> 30 this budget. <br /> 31 <br /> 32 Section XIV. Capital Projects & Grants Fund <br /> 33 <br /> 34 The County Capital Improvements Fund, Schools Capital Improvements Fund, Community <br /> 35 Development Fund and the Grant Projects Fund are hereby authorized. Appropriations made <br /> 36 for the specific projects or grants in these funds are hereby appropriated until the project or <br /> 37 grant is complete. <br /> 38 <br /> 39 The County Capital Projects Fund FY 2015-16 budget, with anticipated fund revenues of <br /> 40 $6,751,674 and project expenditures of $6,751,674 is hereby adopted in accordance with G.S. <br /> 41 159 by Orange County for the fiscal year beginning July 1, 2015, and ending June 30, 2016, <br /> 42 and the same is adopted by project. <br /> 43 <br /> 44 The School Capital Projects Fund FY 2015-16 budget, with anticipated fund revenues of <br /> 45 $4,952,849, and project expenditures of$4,952,849, is hereby adopted in accordance with G.S. <br /> 46 159 by Orange County for the fiscal year beginning July 1, 2015, and ending June 30, 2016, <br /> 47 and the same is adopted by project. <br /> 48 <br />