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' ' � O� <br /> . - • . • ORANGE COUNTY ' <br /> . . . - .BOARD. OF COMMISSIONERS . ACTION AGENDA <br /> - ACTION AGENDA ITEM ABSTRACT ITEM NO.E) <br /> • MEETING DATE June18, 1985 • - .•• <br /> SUBJECT: Creation af .Individual Capital Projects Funds . . . • <br /> DEPARTMENT: Finance. I PUBLIC HEARING: : YES x NO <br /> ATTACHMENT(S): Budget Amendment <br /> INFORMATION CONTACT: Donna Clayton . <br /> • - • • PHONE NUMBERS: HILLSBOROUGH -- 732-8181 <br /> : HILLSBOROUGH - 732-9361 <br /> . CHAPEL HILL 967-9251 <br /> ' .• - - •. MEBANE - 227-2031 <br /> " • - DURHAM - 68877331 <br /> • <br /> • PURPOSE: In order to provide detailed accountability for each capital project that - <br /> . : the County has appropriated funds, separate Capa.tal•Projects'-Punds will.be <br /> • established. This separate accountability is in accordance -with the . <br /> • North Carolina 'General Statutes- and Generally :Accepted Accounting Principles. <br /> NEED: • To insure that all funds that-have been appropriated for each presently . _ . <br /> • . ongoing. capital project are appropriately' transferred into separate - " <br /> funds. _A11 expenditures will be transferred accordingly. - - - <br /> IMPACT: This amendment does not requite additional funding by the .County. <br /> Instead it transfers appropriations to individual funds for each <br /> . • project. Control and accountability.wi11'Ibe-_ the,. end•:Lresult of these <br /> . transfers - • -- <br /> RECOMMENDATION(S): Approve motion to transfer appropriations to individual <br /> • • capital projects fund. <br /> • <br />