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Agenda 05-24-22; 8-c - Fiscal Year 2021-22 Budget Amendment #11
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Agenda 05-24-22; 8-c - Fiscal Year 2021-22 Budget Amendment #11
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5/19/2022 3:18:09 PM
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5/24/2022
Meeting Type
Business
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Agenda
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8-c
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Agenda for May 24, 2022 BOCC Meeting
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4 <br /> Sheriff's Office <br /> 6. The Sheriff's Office has received a one-time grant from NC Department of Public Safety <br /> for$84,370 to be used for expenses incurred in enforcing the laws of the state and carrying <br /> out other duties set by law. The Sheriff's Office will use this funding to purchase needed, <br /> but unbudgeted, medical kits. This amends the following grant ordinance in the Annual <br /> Grant Fund, outside of the General Fund. <br /> NC Department of Public Safety($84,370) - Project# 71059 <br /> Revenues for this project: <br /> Current FY 2021-22 FY 2021- <br /> FY 2021-22 Amendment 22 <br /> Revised <br /> Grant Funding $0 $84,370 $84,370 <br /> Total Project Funding 1 $0 1 $84,370 1 $84,370 <br /> Appropriated for this project: <br /> Current FY 2021-22 FY 2021- <br /> FY 2021-22 Amendment 22 <br /> Revised <br /> NCDPS Expenditures $0 $84,370 $84,370 <br /> Total Costs 1 $0 1 $84,370 1 $84,370 <br /> SOCIAL JUSTICE IMPACT: The following Orange County Social Justice Goal is <br /> applicable to this item: <br /> • GOAL: CREATE A SAFE COMMUNITY <br /> The reduction of risks from vehicle/traffic accidents, childhood and senior injuries, <br /> gang activity, substance abuse and domestic violence. <br /> Series 2022 Financing <br /> 7. The County will close on the sale of Series 2022 General Obligation Bonds for Schools on <br /> June 2, 2022. This budget amendment provides for the Cost of Issuance and Underwriter's <br /> Discount (expenses) related to the Series 2022 General Obligation Bonds financing <br /> package of $303,600 in the General Fund to be included in the overall Debt Service <br /> budgeted expenditures, and provides for the receipt of the financing proceeds to cover the <br /> cost of these expenditures in the General Fund. <br /> 8. The County closed on the sale of Series 2022 A&B Limited Obligation Bonds for Schools <br /> and County projects on May 11, 2022. This budget amendment provides for the Cost of <br /> Issuance and Underwriter's Discount (expenses) related to the Series 2022 A&B Limited <br /> Obligation Bonds financing package of$287,800 in the General Fund to be included in the <br /> overall Debt Service budgeted expenditures, and provides for the receipt of the financing <br /> proceeds to cover the cost of these expenditures in the General Fund. <br />
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