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<br /> FINANCIAL IMPACT: The adopted Capital Investment Plan for FY 2016-17 (Year 1)
<br /> includes $668,178 for reimbursement to the Solid Waste Enterprise Fund for this 60-acre
<br /> property. The original capital project ordinance included anticipated financing proceeds for
<br /> the reimbursement, but staff is now recommending a combination of pay-as-you-go funding
<br /> ($549,000) and a transfer of available funds ($119,178) from the Lands Legacy Capital
<br /> Project, due to the property being a County asset and the reimbursement is coming from the
<br /> General Fund to the Solid Waste Enterprise Fund. Currently, there is approximately $3.1
<br /> million available in the Lands Legacy Capital Project to cover the transfer portion, and the
<br /> pay-as-you-go funding will come from substituting five (5) County Capital Projects (Facility
<br /> Accessibility and Security Improvements, Hollow Rock Nature Park, River Park — Phase II,
<br /> Little River Park — Phase II, and Parks and Recreation Facility Renovations and Repairs)
<br /> from pay-as-you-go funding to financing. Staff will bring back, as part of its assessment, cost
<br /> estimates for any recommended short-term and long-term improvements to the nature
<br /> preserve, consistent with other nature park and nature preserves.
<br /> This Budget Amendment #2-A provides for the following amended Capital Project
<br /> Ordinances:
<br /> Lands Legacy(-$119,178) — Project#20011
<br /> Revenues for this project:
<br /> Current FY FY 2016-17 FY 2016-17
<br /> 2016-17 Amendment Revised
<br /> From General Fund (PAYG) $204,500 ($119,178) $85,322
<br /> Alternative Financing $3,251,472 $3,251,472
<br /> Donations $1,000 $1,000
<br /> Appropriated Fund Balance $9,337 $9,337
<br /> Total Project Funding $3,466,309 ($119,178) $3,347,131
<br /> Appropriated for this project:
<br /> Current FY FY 2016-17 FY 2016-17
<br /> 2016-17 Amendment Revised
<br /> Lands Legacy Program $3,466,309 ($119,178) $3,347,131
<br /> Total Costs $3,466,309 ($119,178) $3,347,131
<br /> Facility Accessibility and Security Improvements — Project# 30001
<br /> Revenues for this project:
<br /> Current FY FY 2016-17 FY 2016-17
<br /> 2016-17 Amendment Revised
<br /> From General Fund (PAYG) $310,000 ($190,000) $120,000
<br /> Alternative Financing $129,000 $190,000 $319,000
<br /> Total Project Funding $439,000 $0 $439,000
<br /> Appropriated for this project:
<br /> Current FY FY 2016-17 FY 2016-17
<br /> 2016-17 Amendment Revised
<br /> Equipment $25,000 $0 $25,000
<br /> Construction $414,000 $0 $414,000
<br /> Total Costs $439,000 $0 $439,000
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