Browse
Search
Agenda - 01-30-2007-1
OrangeCountyNC
>
Board of County Commissioners
>
BOCC Agendas
>
2000's
>
2007
>
Agenda - 01-30-2007
>
Agenda - 01-30-2007-1
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
9/1/2008 11:08:34 PM
Creation date
8/28/2008 11:16:44 AM
Metadata
Fields
Template:
BOCC
Date
1/30/2007
Document Type
Agenda
Agenda Item
1
Document Relationships
Minutes - 20070130
(Linked To)
Path:
\Board of County Commissioners\Minutes - Approved\2000's\2007
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
26
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: January 30, 2007 <br />Action Agenda. <br />Item No. A- <br />SUBJECT: County Capital Funding Policy - Lottery Proceeds <br />DEPARTMENT: Budget PUBLIC HEARING: (YIN) No <br />ATTACHMENT (S): INFORMATION CONTACT: <br />Donna Coffey 245-2151 <br />State Lottery Provisions <br />Local Government. Commission Memo <br />2007 Draft Lottery-Related Bills <br />PURPOSE: To discuss how the Board wishes to factor Lottery proceeds into the County <br />Capital Funding Policy. <br />BACKGROUND: During work sessions in the spring of 2005, the Board considered how <br />proceeds from the then unapproved State lottery might factor into the capital funding policy; <br />however, it seemed premature then to consider lottery proceeds as dedicated capital revenue <br />since the General Assembly had not actually authorized a lottery at that time. In August 2005, <br />soon after the Board adopted the current capital funding policy, the North Carolina Education <br />Lottery Act ("the Lottery" or "Lottery") was signed into law. (See N.C. Gen. Stat. § 18C). <br />However, even with the establishment of the Lottery, many fundamental issues, such as when <br />the County would begin receiving Lottery proceeds, the amount of receipts and allowed <br />expenditures remained uncertain until very late in the 2006-07 budget planning process. Based <br />on recommendations from the North Carolina Association of County Commissioners (NCACC), <br />the County Manager's recommended General Fund budget anticipated receiving $2.4 million in <br />Lottery proceeds during the 2006-2007 fiscal year, and the Board approved the <br />recommendation. <br />The Manager also recommended in his Budget Message that the Board revisit its May 2005 <br />capital funding policy and consider earmarking all future Lottery proceeds once the Lottery <br />revenue stream was more established and predictable. <br />In October 2006, the State made its first distribution of Lottery proceeds - $38 million was <br />distributed to the 115 school districts throughout the State. Of this total, Orange County <br />Schools received $230,696, and Chapel Hill Carrboro Schools received $378,348.
The URL can be used to link to this page
Your browser does not support the video tag.