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<br /> ORD-2023-029
<br /> Section XIII. Capital Projects & Grants Fund
<br /> The County Capital Improvements Fund, Schools Capital Improvements Fund, Proprietary
<br /> Capital Funds, and the Grant Projects Fund are hereby authorized. Appropriations made
<br /> for the specific projects or grants in these funds are hereby appropriated until the project
<br /> or grant is complete.
<br /> a. The County Capital Projects Fund FY 2023-24 budget, with anticipated fund
<br /> revenues of $28,888,432 and project expenditures of $28,888,432 is hereby
<br /> adopted in accordance with G.S. 159 by Orange County for the fiscal year
<br /> beginning July 1, 2023, and ending June 30, 2024, and the same is adopted by
<br /> project.
<br /> b. The Proprietary Capital Funds FY 2023-24 budget, consisting of Water and Sewer
<br /> Utilities, Solid Waste, and Sportsplex, with anticipated fund revenues of
<br /> $3,556,025, and project expenditures of $3,556,025 is hereby adopted in
<br /> accordance with G.S. 159 by Orange County for the fiscal year beginning July 1,
<br /> 2023, and ending June 30, 2024, and the same is adopted by project.
<br /> i. The Solid Waste Renewal and Replacement Capital Fund FY 2023-24 budget,
<br /> with anticipated sources of income of $2,556,025, and anticipated
<br /> expenditures of$2,556,025 is hereby adopted in accordance with G.S. 159 by
<br /> Orange County for the fiscal year beginning July 1, 2023, and ending June 30,
<br /> 2024.
<br /> ii. The Sportsplex Renewal and Replacement Capital Fund FY 2021-22 budget,
<br /> with anticipated sources of income of $1,000,000, and anticipated
<br /> expenditures of$1,000,000 is hereby adopted in accordance with G.S. 159 by
<br /> Orange County for the fiscal year beginning July 1, 2023, and ending June 30,
<br /> 2024.
<br /> c. The School Capital Projects Fund FY 2023-24 budget, with anticipated fund
<br /> revenues of $25,992,243, and project expenditures of $25,992,243 is hereby
<br /> adopted in accordance with G.S. 159 by Orange County for the fiscal year
<br /> beginning July 1, 2023, and ending June 30, 2024, and the same is adopted by
<br /> project.
<br /> Revenues
<br /> Function Appropriation
<br /> Article 46 Sales Tax Proceeds $2,766,048
<br /> Debt Financing $24,031,260
<br /> Debt Financing - Durham Tech $10,500,000
<br /> Debt Financing - School Improvements $8,642,860
<br /> Debt Financing - Solid Waste $1,495,002
<br /> Debt Financing - Sportsplex $900,000
<br /> Grant Funding $100,000
<br /> Lottery Proceeds $1,402,354
<br /> NCDEQ Reimbursment Fund $3,000,000
<br /> Partner Funding - County Capital $9,000
<br /> Register of Deeds Fees $80,000
<br /> Solid Waste Funds $1,061,023
<br /> Sportsplex Funds $100,000
<br /> Transfer from General Fund $4,349,153
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