Agenda 10-19-2021; 8-b - Fiscal Year 2021-22 Budget Amendment #2

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1 ORD-2021-024 ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: October 19, 2021 Action Agenda Item No. 8-b SUBJECT: Fiscal Year 2021-22 Budget Amendment #2 DEPARTMENT: Finance and Administrative Services ATTACHMENT(S): INFORMATION CONTACT: Attachment 1. Year-to-Date Budget Rebecca Crawford, (919) 245-2152 Summary Gary Donaldson, (919) 245-2453 Attachment 2. White Cross Fire Department Fund Balance Letter of Request PURPOSE: To approve budget, grant, and capital project ordinance amendments for fiscal year 2021-22. BACKGROUND: Note: The term "Deferred Revenues" used in several of the items listed below are also known as unearned revenue or prepayments, and refers to revenue received in FY 2020-21 in advance of FY 2021-22. Deferred revenue is reserved and accounted for on the County's balance sheet as a liability to avoid expenditure in FY 2020-21. At the start of FY 2021-22, the deferred revenue is then recognized on the income statement as revenue. White Cross Fire Department 1. The White Cross Fire Department has requested a portion ($15,000) of the district's available, unassigned fund balance to purchase a replacement for a 20+ year old Commercial Washer/Dryer system that is inoperable and beyond repair and also to replace two sets of turnout gear that are now obsolete. With this appropriation, approximately $40,952 remains in the district's unassigned fund balance or 6.5% of budgeted expenditures. This budget amendment provides for the appropriation of $15,000 from the district's fund balance for the above stated purpose. (See Attachment 2.) 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.