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Agenda - 06-20-2023; 8-l - Orange County Transit Governance
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Agenda - 06-20-2023; 8-l - Orange County Transit Governance
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6/15/2023 4:16:06 PM
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BOCC
Date
6/20/2023
Meeting Type
Business
Document Type
Agenda
Agenda Item
8-l
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36 <br /> to be more than a one percent (1%) over the life of the plan; <br /> d. Changes in scope for implementation elements programmed in current and future fiscal years; <br /> e. Any amendment that requires a transfer of funds between capital or operating funding <br /> categories. <br /> f. Any change that requires a change in budgeted reserves or fund balance. <br /> 3. Scenario where no amendment is required: <br /> a. Transfers within the same budget ordinance (i.e., within a capital or operating funding category) <br /> appropriation and insignificant scope changes are permitted without amendment.Changes of this <br /> type shall be disclosed as part of the established quarterly reporting process. <br /> Any changes to project funding allocations, and all requested Work Program amendments, shall comply with <br /> the adopted Triangle Tax District-Orange County Transit Financial Policies and Procedures. <br /> Multiple Amendments to Single Project: <br /> If more than one amendment is requested for a single project in the adopted Operating Budget over the <br /> course of a fiscal year, its classification as a Minor versus Major amendment will be based on the cumulative <br /> change caused by all applicable amendments over the course of that fiscal year. <br /> If more than one amendment is requested for a single project in the adopted Capital Budget over the life of <br /> the project, regardless of fiscal year, its classification as a Minor versus Major amendment will be based on <br /> the cumulative change caused by all applicable amendments over the life of the project. <br /> 2 <br />
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