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Agenda - 09-01-20; 8-a - Minutes
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Agenda - 09-01-20; 8-a - Minutes
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8/27/2020 3:40:59 PM
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8/27/2020 3:56:05 PM
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BOCC
Date
9/1/2020
Meeting Type
Business
Document Type
Agenda
Agenda Item
8-a
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11 <br /> 1 reimbursement, in order to comply with certain federal tax rules relating to <br /> 2 reimbursement from financing proceeds. <br /> 3 • The Community Loan Fund will issue no interest loans to recipients in this program. <br /> 4 • The County has adopted a policy to fund no interest loans to Non-Profit organizations <br /> 5 that meet certain financial criteria, as adopted on September 20, 2018. <br /> 6 • The County will include in its Travel Policy that travel expenses for Commissioners and <br /> 7 County Staff will include the purchase of carbon offsets for any airfare and the miles <br /> 8 traveled by Car Share vehicles. <br /> 9 <br /> 10 <br /> 11 Section X. Internal Service Fund - Health and Dental Insurance Fund <br /> 12 <br /> 13 The Health and Dental Insurance Fund accounts for receipts of premium payments from the <br /> 14 County and its employees, employees for their dependents, all retirees and the payment of <br /> 15 employee and retiree claims and administration expenses. Projected receipts and fund <br /> 16 reserves from the County and employees for fiscal year 2020-21 will be $14,085,214, and <br /> 17 projected expenses for claims and administration for fiscal year 2020-21 will be $14,085,214. <br /> 18 <br /> 19 Section XI. Agency Funds <br /> 20 <br /> 21 These funds account for assets held by the County as an agent for other government units, and <br /> 22 by State Statutes, these funds are not subject to appropriation by the Board of County <br /> 23 Commissioners, and not included in this ordinance. <br /> 24 <br /> 25 <br /> 26 Section XII. Encumbrances <br /> 27 <br /> 28 Operating funds encumbered by the County as of June 30, 2020 are hereby reappropriated to <br /> 29 this budget. <br /> 30 <br /> 31 <br /> 32 Section XIV. Capital Projects & Grants Fund <br /> 33 <br /> 34 The County Capital Improvements Fund, Schools Capital Improvements Fund, Proprietary <br /> 35 Capital Funds, and the Grant Projects Fund are hereby authorized. Appropriations made for the <br /> 36 specific projects or grants in these funds are hereby appropriated until the project or grant is <br /> 37 complete. <br /> 38 <br /> 39 The County Capital Projects Fund FY 2020-21 budget, with anticipated fund revenues of <br /> 40 $11,188,082 and project expenditures of$11,188,082 is hereby adopted in accordance with <br /> 41 G.S. 159 by Orange County for the fiscal year beginning July 1, 2019, and ending June 30, <br /> 42 2020, and the same is adopted by project. <br /> 43 <br /> 44 The School Capital Projects Fund FY 2019-20 budget, with anticipated fund revenues of <br /> 45 $21,387,313, and project expenditures of$21,387,313 is hereby adopted in accordance with <br /> 46 G.S. 159 by Orange County for the fiscal year beginning July 1, 2020, and ending June 30, <br /> 47 2021, and the same is adopted by project. <br /> 48 <br /> 49 The Proprietary Capital Funds FY 2020-21 budget, consisting of Water and Sewer Utilities, <br /> 50 Solid Waste, and Sportsplex, with anticipated fund revenues of $2,427,952, and project <br />
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