Orange County NC Website
Browse       Search
Qnce the Board has discussed and is comfortable with these guidelines, the document <br />would be brought back for action, <br />The Board discussed the proposed policy and guidelines on February 3`d, and again on <br />February 12th. The draft policy (attached) incorporates accepted revisions and highlights <br />those proposed on the 12th, Remaining areas for discussion include the following: <br />• Whether or not to allow private agencies <br />for a matching grant program at all. <br />• Identification of the basic premises which <br />to apply for matching grants, or to provide <br />will be assumed and included in contract <br />language for grant awards. <br />FINANCIAL IMPACT: This policy and guidelines would govern the types of expenditures <br />made from the Soccer Superfund, at the Board's discretion, There is no provision that <br />requires funds to be appropriated, as such decisions would be up to the legislative decision- <br />making of the Board, <br />The Soccer Superfund had $500,000 appropriated in FY 2002-30. According to the 2002 <br />Band and Alternative Financing Timetable, $600,000 was to be appropriated in the current <br />FY 2003-04 fiscal year, with a like amount in FY 2004-05, The proposed FY 2005-06 <br />allotment is $300,000. <br />RECOMMENDATION(S): The Manager recommends that the Board complete its <br />discussions on the draft document, focusing on the paints listed above as identified on <br />Febnaary 12th and providing feedback and input to staff as desired, The final document will <br />he brought back as a consent item at a subsequent meeting, <br />