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4 <br /> FY2021-22 Recommended County Projects <br /> Climate Change Mitigation Projects-$536,645(p,31) <br /> —Established in FY2019-20 <br /> —Dedicated quarter cent of property tax annually <br /> —Funds transferred from the General Fund role Capital Project to <br /> preserve unspent funding from prior year <br /> —Next funding cycle begins in early May <br /> �� <br /> 1 . Gr��rc�n cnnor��Y <br /> 2 <br /> 3 Travis Myren said the Department Directors are present in order to answer any <br /> 4 questions he is unable to. He said the slides show the recommended appropriations. <br /> 5 Travis Myren said the $536,645 on this slide represents the quarter cent on the new <br /> 6 revalued tax base. <br /> 7 Chair Price referred to page 10 of the CIP, which states "funds that are unspent at end of <br /> 8 fiscal year are preserved in the fund instead of being absorbed back into the county's <br /> 9 undesignated fund balance". She asked if staff knows how much remains now, when it would <br /> 10 be used, and what are the plans for the money that is unspent. <br /> 11 Travis Myren said the goal is to spend it down every year, and he believes there is a <br /> 12 balance. <br /> 13 Gary Donaldson, Chief Financial Officer, said there is around $900,000. <br /> 14 Paul Laughton, Deputy Financial Services Director, said the balance is related to the <br /> 15 timing of the payment of these. He said the first year has been earmarked for approved <br /> 16 projects, and the rest of the money is also ear marked. He said it looks like there is a large <br /> 17 balance, but both of those years have dedicated projects towards those funds. <br /> 18 Travis Myren said the awards have been made, but the checks have not been cut. <br /> 19 Chair Price clarified that in July, it would essentially be zeroed out. <br /> 20 Paul Laughton said yes, and added that the account would then show the $536,645 that <br /> 21 would be allocated for new projects. <br /> 22 Travis Myren resumed the PowerPoint presentation: <br /> 23 <br /> FY2021-22 Recommended County Projects <br /> • LED Lightbulb Campaign-First Year Project FY19-20 <br /> -PORCH ligrtbA oicriawian <br /> - � St9,396 gran! <br /> BI stri Bs <br /> cl r in eea <br /> oil Partn— <br /> P RCH <br /> Rcgos Eve 4 <br /> nN19nEwnaod <br /> R-ft N <br /> • Rafigee AVPUR <br /> Cep <br /> ORANGE COl11YTY <br /> 24 <br /> 25 <br />