|
<br />project and authorize its undertaking, identify the revenues that will finance the project,
<br />and make the appropriations necessary to complete the project.”
<br />
<br />Attachment 3 includes twelve (12) County Capital Projects that are still active even
<br />though they have been completed for several years. Closing these projects would
<br />provide $8,781 in the County Capital Reserves Fund to be used for other capital
<br />projects or towards annual debt service payments. This budget amendment provides
<br />for the closing of these projects and their associated budgets, and the receipt of these
<br />surplus funds of $8,781 in the County Capital Reserve Fund.
<br />
<br />SOCIAL JUSTICE IMPACT: There are no Orange County Social Justice Goals
<br />associated with this item.
<br />
<br />Deferred Maintenance – Schools
<br />
<br />12. As part of the FY 2018-19 Approved Operating Budget, $3,000,000 was budgeted in
<br />the Education section of the General Fund Operating Budget for Deferred Maintenance
<br />for use by both school systems to address needs from the districts’ assessment studies
<br />of their older schools. At FY 2018-19 year-end, the schools had expensed a total of
<br />$1,468,077, leaving a balance remaining of $1,531,923. Since this was budgeted in an
<br />annual General Fund account, the remaining balance lapsed at year-end. This budget
<br />amendment provides for the use of available School Capital Reserve Funds of
<br />$1,531,923 and amends the following School Capital Project Ordinances:
<br />
<br />Deferred Maintenance – CHCCS ($965,324) - Project # 54022
<br /> Revenues for this project:
<br /> Current
<br />FY 2019-20
<br />
<br />FY 2019-20
<br />Amendment
<br />
<br />FY 2019-20
<br />Revised
<br />
<br />From Capital Reserves $1,804,200 $965,324 $2,769,524
<br />Total Project Funding $1,804,200 $965,324 $2,769,524
<br />
<br /> Appropriated for this project:
<br /> Current FY
<br />2019-20
<br />
<br />FY 2019-20
<br />Amendment
<br />
<br />FY 2019-20
<br />Revised
<br />
<br />Deferred Maintenance $1,804,200 $965,324 $2,769,524
<br />Total Costs $1,804,200 $965,324 $2,769,524
<br />
<br />Deferred Maintenance – OCS ($566,599) - Project # 51045
<br /> Revenues for this project:
<br /> Current
<br />FY 2019-20
<br />
<br />FY 2019-20
<br />Amendment
<br />
<br />FY 2019-20
<br />Revised
<br />
<br />From Capital Reserves $1,195,800 $566,599 $1,762,399
<br />Total Project Funding $1,195,800 $566,599 $1,762,399
<br />
<br /> Appropriated for this project:
<br /> Current FY
<br />2019-20
<br />
<br />FY 2019-20
<br />Amendment
<br />
<br />FY 2019-20
<br />Revised
<br />
<br />Deferred Maintenance $1,195,800 $566,599 $1,762,399
<br />Total Costs $1,195,800 $566,599 $1,762,399
<br />
<br />5
|