Orange County NC Website
32 <br /> Slide #8 <br /> Recommendation <br /> • Approve Budget Amendment#a-A for Fisoal Year 2022-23 to <br /> allocate$12 million in excesslund balance to the fallowing funds- <br /> - 56 million to create and fund a new Det}t Reserve Fund- <br /> - SIS millort to tho Sehool Capltal Reserve Fund: <br /> — 52.5 m�ion to the County G-apitaa R eserve Fund, <br /> ORANGE COUNTY <br /> hA7Wn I C_tROLINA <br /> Commissioner Fowler said she sent an email to staff asking if money can be moved <br /> between the categories. <br /> Travis Myren said it would require a Board amendment, but they could do that. <br /> Vice Chair McKee said he appreciates staff bringing this forward, especially the <br /> $6,000,000 to alleviate future need for property tax increases. <br /> Chair Bedford asked if the$6,000,000 would not all be appropriated for the next fiscal year <br /> but rather spread out. <br /> Travis Myren said it would be spread out. <br /> A motion was made by Commissioner Greene, seconded by Commissioner Fowler, to <br /> approve Budget Amendment#5-A for Fiscal Year 2022-23 to allocate $12 million in excess fund <br /> balance to the following funds: <br /> • $6 million to create and fund a new Debt Service Fund; <br /> • $3.5 million to the School Capital Reserve Fund; and <br /> • $2.5 million to the County Capital Reserve Fund. <br /> VOTE: UNANIMOUS <br /> b. Community Climate Action Grant (CCAG) — FY 2022-23 Project Selection for General <br /> Applicants and Schools <br /> The Board received the grant project funding recommendations from the Commission for the <br /> Environment (CFE) and the Human Relations Commission (HRC) for the FY 2022-23 Orange <br /> County Community Climate Action Grant Program and considered approving funding for the <br /> recommended Community Climate Action Grant projects for FY 2022-23 as outlined in the <br /> provided report. <br /> BACKGROUND: As part of the FY 2019-20 budget, the Board of Orange County Commissioners <br /> (BOCC) created the Orange County Climate Action Fund dedicated to accelerating climate <br /> change mitigation actions in Orange County. This decision was motivated in part to help the <br /> County meet the climate change mitigation goals set by the Board in recent years: <br />