Orange County NC Website
Browse       Search
1 <br /> ORD-2015-025 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: October 6, 2015 <br /> Action Agenda <br /> Item No. 6-e <br /> SUBJECT: Fiscal Year 2015-16 Budget Amendment#2 <br /> DEPARTMENT: Finance and Administrative PUBLIC HEARING: (Y/N) No <br /> Services <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> Attachment 1. Budget as Amended Paul Laughton, (919) 245-2152 <br /> Spreadsheet <br /> Attachment 2. Year-To-Date Budget <br /> Summary <br /> PURPOSE: To approve budget ordinance amendments for fiscal year 2015-16. <br /> BACKGROUND: <br /> Solid Waste <br /> 1. The following items provide for a fund balance appropriation from the Solid Waste <br /> Enterprise Fund: <br /> • The Solid Waste Department needs to relocate an off-road diesel tank prior to the <br /> construction of the Eubanks Road Waste & Recycling Center and Landfill <br /> Entranceway Project. This is an additional cost that was not foreseen when <br /> formulating the department's FY 2015-16 budget. This budget amendment <br /> provides for a fund balance appropriation of $35,000 from the Solid Waste <br /> Enterprise Fund to cover the cost of the tank relocation. <br /> • The Solid Waste Department has seen a drastic change in the electronics <br /> recycling market. In previous years, vendors would pay to take in electronics <br /> (generating revenue for the County). However, due to changes within the <br /> electronics recycling market, the department is now having to pay to send <br /> recyclables to the vendors. This budget amendment provides for a fund balance <br /> appropriation of $51,000 from the Solid Waste Enterprise Fund to provide the <br /> department with sufficient funds to cover six (6) months of payments until the State <br /> develops a state electronics recycling processing funding strategy or the County <br /> proceeds with an internal bid process to obtain the best available rate. <br />