Agenda - 09-06-2022; 8-g - Fiscal Year 2022-23 Budget Amendment #1

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1 ORD-2022-022 ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: September 6, 2022 Action Agenda Item No. 8-g SUBJECT: Fiscal Year 2022-23 Budget Amendment #1 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 PURPOSE: To approve budget, grant, and capital project ordinance amendments for Fiscal Year 2022-23. 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 2021-22 in advance of FY 2022-23. Deferred revenue is reserved and accounted for on the County's balance sheet as a liability to avoid expenditure in FY 2021-22. At the start of FY 2022-23, the deferred revenue is then recognized on the income statement as revenue. Environment, Agriculture, Parks and Recreation 1. The Department of Environment, Agriculture, Parks and Recreation (DEAPR) requests to amend its budget with the following items: • NC Matching Grant -- As of June 30, 2022, the department has $9,696 in deferred revenue, for use in FY 2022-23, related to the Soil and Water division's NC Matching Grant. Matching funds are used for office and educational supplies, staff training and certification costs and award sponsorship. • Streamflow Rehabilitation Assistance (STRAP) Program — DEAPR has received $60,097 from the NC Department of Agriculture and Consumer Services, Division of Soil & Water with a grant period of June 1, 2022 to December 31, 2024. These funds will be used to protect and restore the integrity of drainage infrastructure through routine maintenance to existing streams and drainage ways. This budget amendment appropriates these funds and creates the following DEAPR Grant Project Ordinance in the Multi-Year Grants Fund, outside of the General Fund: