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<br /> 1 The Vehicle Replacement Fund will centralize and account for the purchase and replacement of
<br /> 2 County vehicles purchased with revenues and funding provided by the Governmental Funds of
<br /> 3 Orange County (General Fund, Special Revenue and Grants Funds). Projected sources of
<br /> 4 revenues and funds for fiscal year 2017-18 will be $757,514 of short-term installment financing
<br /> 5 and internal reserves, and the projected expenses for the purchase of vehicles for fiscal year
<br /> 6 2017-18 will be $757,514.
<br /> 7
<br /> 8 Section XII. Agency Funds
<br /> 9 These funds account for assets held by the County as an agent for other government units, and
<br /> 10 by State Statutes, these funds are not subject to appropriation by the Board of County
<br /> 11 Commissioners, and not included in this ordinance.
<br /> 12
<br /> 13 Section XIV. Encumbrances
<br /> 14 Operating funds encumbered by the County as of June 30, 2017 are hereby reappropriated to
<br /> 15 this budget.
<br /> 16
<br /> 17 Section XV. Capital Projects & Grants Fund
<br /> 18 The County Capital Improvements Fund, Schools Capital Improvements Fund, Proprietary
<br /> 19 Capital Funds, Community Development Fund and the Grant Projects Fund are hereby
<br /> 20 authorized. Appropriations made for the specific projects or grants in these funds are hereby
<br /> 21 appropriated until the project or grant is complete.
<br /> 22
<br /> 23 The County Capital Projects Fund FY 2017-18 budget, with anticipated fund revenues of
<br /> 24 $14,202,058 and project expenditures of $14,202,058 is hereby adopted in accordance with
<br /> 25 G.S. 159 by Orange County for the fiscal year beginning July 1, 2017, and ending June 30,
<br /> 26 2018, and the same is adopted by project.
<br /> 27
<br /> 28 The School Capital Projects Fund FY 2017-18 budget, with anticipated fund revenues of
<br /> 29 $6,612,082, and project expenditures of $6,612,082 is hereby adopted in accordance with G.S.
<br /> 30 159 by Orange County for the fiscal year beginning July 1, 2017, and ending June 30, 2018,
<br /> 31 and the same is adopted by project. Note: the funding amounts do not include Lottery
<br /> 32 proceeds of $1,356,362; specific lottery funded projects will be presented to the Board of
<br /> 33 County Commissioners as part of separate budget amendments during FY2017-18, when
<br /> 34 quarterly lottery funds are distributed by the State.
<br /> 35
<br /> 36 The Proprietary Capital Funds FY 2017-18 budget, consisting of Water and Sewer Utilities,
<br /> 37 Solid Waste, and Sportsplex, with anticipated fund revenues of $2,325,268, and project
<br /> 38 expenditures of $2,325,268 is hereby adopted in accordance with G.S. 159 by Orange County
<br /> 39 for the fiscal year beginning July 1, 2017, and ending June 30, 2018, and the same is adopted
<br /> 40 by project.
<br /> 41
<br /> 42 The County Grant Projects Fund FY 2017-18 budget, with anticipated fund revenues of
<br /> 43 $811,880, and project expenditures of $811,880, is hereby adopted in accordance with G.S.
<br /> 44 159 by Orange County for the fiscal year beginning July 1, 2017, and ending June 30, 2018,
<br /> 45 and the same is adopted by project.
<br /> 46
<br /> 47 Any capital project or grant budget previously adopted, the balance of any anticipated, but not
<br /> 48 yet received, revenues and any unexpended appropriations remaining on June 30, 2017, shall
<br /> 49 be reauthorized in the FY 2017-18 budget.
<br /> 50
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