ORD-2022-019-Approval of fiscal year 2022-23 budget ordinances and county fee schedule

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14 That upon adoption , each Board of Education will supply to the Board of County Commissioners a detailed report of the budget showing all appropriations by function and purpose , specifically to include funding increases and new program funding . The Board of Education will provide to the Board of County Commissioners a copy of the annual audit , monthly financial reports , copies of all budget amendments showing disbursements and use of local moneys granted to the Board of Education by the Board of Commissioners . The Board of Commissioners hereby approves the following financial policies : • The County will initiate measures to recoup sales tax proceeds on school capital projects through the conveyance of school property to the County with the school property reverting back to the school districts at the end of the construction period . • The County will ensure that all monthly general ledger postings occur by the 10tn work day of each month . • The County will ensure that monthly financial reports are available by the 151n work day of each month . • The County will not issue debt for a project until a bid award date and construction start date is established . • Whereas , it is a best practice for governments to account for capital assets separate from their operating funds , and ; Whereas , enterprise funds generally establish Renewal and Replacement Capital Funds to account for the acquisition of capital assets ; Therefore , a . The Solid Waste Renewal and Replacement Capital Fund is established to account for sources of income earmarked to fund the County Capital Investment Plan . Sources of income including debt financing proceeds , pay- as-you -go funds , and any other sources earmarked to finance acquisition of capital assets . b . The Sportsplex Renewal and Replacement Capital Fund is established to account for sources of income earmarked to fund the County Capital Investment Plan . Sources of income including debt financing proceeds , pay- as-you - go funds , and any other sources earmarked to finance acquisition of capital assets . • Whereas , the County intends to undertake Capital Projects as approved in Year 1 ( FY 2022-23 ) of the Capital Investment Plan , will use its own funds to pay initial Project costs , and then reimburse itself from financing proceeds for these early expenditures . The expected primary type of financing for the Projects is installment financing under Section 160A-20 . The financing may include more than one installment financing , and may include installment financings with equipment vendors and installment financings that include the use of limited obligation bonds . The Manager and Finance Officer have advised the Board that it should adopt this resolution to document the County' s plans for reimbursement , in order to comply with certain federal tax rules relating to reimbursement from financing proceeds . • The Community Loan Fund will issue no interest loans to recipients in this program . • The County has adopted a policy to fund no interest loans to Non - Profit organizations that meet certain financial criteria , as adopted on September 20 , 2018 . • The County will include in its Travel Policy that travel expenses for Commissioners and County Staff will include the purchase of carbon offsets for any airfare and the miles traveled by Car Share vehicles . • The County Manager is authorized to transfer amounts from the salary and benefits non - departmental accounts to individual departmental appropriations 8