Agenda - 06-16-20; 8-k - Fiscal Year 2019-20 Budget Amendment #11

Browse Search

Sheriff’s Office 9. The Sheriff’s Office has the following year-end adjustments that are needed in the Drug Forfeiture Fund and the Jail Inmate Fund: • The Drug Forfeiture Fund was established in FY 2015-16 to record Federal and State Forfeiture funds for the Sheriff’s Office, and to account for the receipt and disbursement of these funds. This budget amendment provides for the receipt of additional Forfeiture funds of $136,495 received by the Sheriff’s Office during FY 2019-20. This budget amendment provides for the receipt of these additional funds in the separate Drug Forfeiture Fund, outside of the General Fund. • The Jail Inmate Fund is a fiduciary fund and all remaining funds at year-end should be transferred out of the Fund to either a special revenue fund or to the General Fund, and reported as revenues of the County and used to track expenditures for equipment needs or providing indigent services to the inmates. These funds will be designated as Committed Fund Balance in the General Fund for use in FY 2020-21. This budget amendment provides for the transfer of funds totaling $35,070, and any residual balances, from the Jail Inmate Fund to the General Fund. This budget amendment provides for these year-end adjustments. (See Attachment 1, column 8) SOCIAL JUSTICE IMPACT: The following Orange County Social Justice Goal is applicable to this item: • GOAL: CREATE A SAFE COMMUNITY The reduction of risks from vehicle/traffic accidents, childhood and senior injuries, gang activity, substance abuse and domestic violence. Health and Dental Insurance Fund – Technical Amendment 10. This technical amendment provides for moving budgeted funds of $2,686,222 from the Transfer to Other Funds (Transfer to the Health and Dental Fund) to the Support Services Non-Departmental section of the General Fund in order to comply with Governmental Accounting Standards Board (GASB) financial requirements that Retiree Health Insurance payments be paid from the County’s General Fund. This budget amendment provides for this technical amendment as stated above. (See Attachment 1, column 9) SOCIAL JUSTICE IMPACT: There are no Orange County Social Justice Goals associated with this item. County Capital Projects 11. The County has established projects in the County Capital Projects Fund to construct or acquire a capital asset. A Capital Asset is defined by Governmental Accounting, Auditing, and Financial Reporting (GAAFR) as: land, improvements to land, easements, work of art, and historical treasures, infrastructure and all other tangible or intangible assets that are used in the operations and that have initial useful lives extending beyond a single reporting period. As stated in North Carolina General Statute 159-13.2 (c) Project Ordinances, “A project ordinance shall clearly identify the 4