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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 $277661048
<br /> Debt Financing $2410317260
<br /> Debt Financing - Durham Tech $ 10 , 5007000
<br /> Debt Financing - School Improvements $ 876427860
<br /> Debt Financing - Solid Waste $ 1 , 4957002
<br /> Debt Financing - Sportsplex $ 900 , 000
<br /> Grant Funding $ 1007000
<br /> Lottery Proceeds $ 17402 , 354
<br /> NCDEQ Reimbursment Fund $ 31000 , 000
<br /> Partner Funding - County Capital $ 9 , 000
<br /> Register of Deeds Fees $ 807000
<br /> Solid Waste Funds $ 1 , 0617023
<br /> Sportsplex Funds $ 1007000
<br /> Transfer from General Fund $47349 , 153
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