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<br /> fiscal year 2017-18 is $9,435,744 and projected expense for claims and administration for
<br /> fiscal year 2017-18 is $9,435,744.
<br /> Section XI. Internal Service Fund -Vehicle Replacement Fund
<br /> The Vehicle Replacement Fund will centralize and account for the purchase and replacement
<br /> of County vehicles purchased with revenues and funding provided by the Governmental Funds
<br /> of Orange County (General Fund, Special Revenue and Grants Funds). Projected sources of
<br /> revenues and funds for fiscal year 2017-18 will be $757,514 of short-term installment financing
<br /> and internal reserves, and the projected expenses for the purchase of vehicles for fiscal year
<br /> 2017-18 will be $757,514.
<br /> Section XII. Agency Funds
<br /> These funds account for assets held by the County as an agent for other government units,
<br /> and by State Statutes, these funds are not subject to appropriation by the Board of County
<br /> Commissioners, and not included in this ordinance.
<br /> Section XIV. Encumbrances
<br /> Operating funds encumbered by the County as of June 30, 2017 are hereby reappropriated to
<br /> this budget.
<br /> Section XV. Capital Projects & Grants Fund
<br /> The County Capital Improvements Fund, Schools Capital Improvements Fund, Proprietary
<br /> Capital Funds, Community Development Fund and the Grant Projects Fund are hereby
<br /> authorized. Appropriations made for the specific projects or grants in these funds are hereby
<br /> appropriated until the project or grant is complete.
<br /> The County Capital Projects Fund FY 2017-18 budget, with anticipated fund revenues of
<br /> $14,202,058 and project expenditures of $14,202,058 is hereby adopted in accordance with
<br /> G.S. 159 by Orange County for the fiscal year beginning July 1, 2017, and ending June 30,
<br /> 2018, and the same is adopted by project.
<br /> The School Capital Projects Fund FY 2017-18 budget, with anticipated fund revenues of
<br /> $6,612,082, and project expenditures of $6,612,082 is hereby adopted in accordance with
<br /> G.S. 159 by Orange County for the fiscal year beginning July 1, 2017, and ending June 30,
<br /> 2018, and the same is adopted by project. Note: the funding amounts do not include Lottery
<br /> proceeds of $1,356,362; specific lottery funded projects will be presented to the Board of
<br /> County Commissioners as part of separate budget amendments during FY2017-18, when
<br /> quarterly lottery funds are distributed by the State.
<br /> The Proprietary Capital Funds FY 2017-18 budget, consisting of Water and Sewer Utilities,
<br /> Solid Waste, and Sportsplex, with anticipated fund revenues of $2,325,268, and project
<br /> expenditures of $2,325,268 is hereby adopted in accordance with G.S. 159 by Orange County
<br /> for the fiscal year beginning July 1, 2017, and ending June 30, 2018, and the same is adopted
<br /> by project.
<br /> The County Grant Projects Fund FY 2017-18 budget, with anticipated fund revenues of
<br /> $811,880, and project expenditures of $811,880, is hereby adopted in accordance with G.S.
<br /> 159 by Orange County for the fiscal year beginning July 1, 2017, and ending June 30, 2018,
<br /> and the same is adopted by project.
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