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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 into Capital Project to <br /> preserve unspent funding from prior year <br /> -Next funding cycle begins in early May <br /> ORAoa�E,SO <br /> Travis Myren said the Department Directors are present in order to answer any <br /> questions he is unable to. He said the slides show the recommended appropriations. <br /> Travis Myren said the $536,645 on this slide represents the quarter cent on the new <br /> revalued tax base. <br /> Chair Price referred to page 10 of the CIP, which states "funds that are unspent at end <br /> of fiscal year are preserved in the fund instead of being absorbed back into the county's <br /> undesignated fund balance". She asked if staff knows how much remains now, when it would <br /> be used, and what are the plans for the money that is unspent. <br /> Travis Myren said the goal is to spend it down every year, and he believes there is a <br /> balance. <br /> Gary Donaldson, Chief Financial Officer, said there is around $900,000. <br /> Paul Laughton, Deputy Financial Services Director, said the balance is related to the <br /> timing of the payment of these. He said the first year has been earmarked for approved <br /> projects, and the rest of the money is also ear marked. He said it looks like there is a large <br /> balance, but both of those years have dedicated projects towards those funds. <br /> Travis Myren said the awards have been made, but the checks have not been cut. <br /> Chair Price clarified that in July, it would essentially be zeroed out. <br /> Paul Laughton said yes, and added that the account would then show the $536,645 that <br /> would be allocated for new projects. <br /> Travis Myren resumed the PowerPoint presentation: <br /> FY2021-22 Recommended County Projects <br /> • LEDLightbulbCampaign—First Year ProjectFY19-20 <br /> -r--oRCH rghtub orso-iwbm <br /> - '- C • T�9.390 grant <br /> • 8.200b�s <br /> rslaweaeed <br /> �.r �isMb IRCIPartners <br /> f�-,- PORCH <br /> %ig lEabenks <br /> N�Igubenreetl <br /> R <br /> • ftsri <br /> cssm. <br /> . 0_NmGI aU.LY <br />