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1 <br /> ORD-2022-001 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: January 18, 2022 <br /> Action Agenda <br /> Item No. 8-g <br /> SUBJECT: Fiscal Year 2021-22 Budget Amendment #6 <br /> DEPARTMENT: Finance and Administrative Services <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> Attachment 1. Year-to-Date Budget Rebecca Crawford, (919) 245-2152 <br /> Summary Gary Donaldson, (919) 245-2453 <br /> PURPOSE: To approve a budget amendment for fiscal year 2021-22. <br /> BACKGROUND: <br /> Northern Campus Energy Incentives <br /> 1. The Asset Management Department has received notice from Duke Energy that it will <br /> receive two additional energy incentives for the installation of solar panels at Northern <br /> Campus. These two incentives will total $129,000. These incentive payments will be <br /> appropriated in the Northern Campus Capital Project to purchase any remaining <br /> furnishings and equipment required at the buildings. <br /> Orange County Northern Campus ($129,000) - Project# 10064 <br /> Revenues for this project: <br /> Current FY 2021-22 FY 2021-22 <br /> FY 2021-22 Amendment Revised <br /> Alternative Financing $40,085,906 $0 $40,085,906 <br /> Transfer from General Fund $119,700 $0 $119,700 <br /> Energy Incentive $131,500 $129,000 $260,500 <br /> Total Project Funding $40,337,106 $129,000 $40,466,106 <br /> Appropriated for this project: <br /> Current FY 2021-22 FY 2021-22 <br /> FY 2021-22 Amendment Revised <br /> Northern Campus Project Expenditures $40,337,106 $129,000 $40,466,106 <br /> Total Costs $40,337,106 $129,000 $40,466,106 <br />