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<br /> with the debt supported capital funding, rather than track two separate funding balances.
<br /> This amendment identifies the balances in the Article 46 Fund at the end of FY 2022-23
<br /> and transfers those funds to the School Capital Fund as well. This transfers the remaining
<br /> balance of $716,087.44 for Orange County Schools and $320,974.13 for Chapel Hill
<br /> Carrboro City Schools to projects in the School Capital Fund. This action increases the
<br /> authorization of the School Capital Fund, outside of the General Fund, by $1,037,061.57
<br /> and amends the following capital project ordinances:
<br /> CHCCS Mechanical Systems ($249,473.42) - Project# 54006
<br /> Revenues for this project:
<br /> Current FY 20223- FY 20223-24
<br /> FY 20223-24 24 Amendment Revised
<br /> Bond Proceeds $177,715 $0 $177,715
<br /> Lottery Proceeds $959,247 $0 $959,247
<br /> Transfer from General Fund $2,235,367 $0 $2,235,367
<br /> Article 46 Proceeds $0 $249,473.42 $249,473.42
<br /> Alternative Financing $2,007,030 $0 $2,007,030
<br /> Total Project Funding $5,379,359 $249,473.42 $5,628,832.42
<br /> Appropriated for this project:
<br /> Current FY 20223- FY 20223-24
<br /> FY 20223-24 24 Amendment Revised
<br /> Capital Project Expenditures $5,379,359 $249,473.42 $5,628,832.42
<br /> Total Costs $5,379,359 $249,473.42 $5,628,832.42
<br /> CHCCS Technology($71,500.71) - Project# 54013
<br /> Revenues for this project:
<br /> Current FY 20223- FY 20223-24
<br /> FY 20223-24 24 Amendment Revised
<br /> Bond Proceeds $1,862,121 $0 $1,862,121
<br /> Transfer from General Fund $11,721,104 $0 $11,721,104
<br /> Article 46 Proceeds $1,680,907 $71,500.71 $1,752,407.71
<br /> Alternative Financing $6,337,848 $0 $6,337,848
<br /> Total Project Funding $21,601,980 $71,500.71 $21,673,480.71
<br /> Appropriated for this project:
<br /> Current FY 20223- FY 20223-24
<br /> FY 20223-24 24 Amendment Revised
<br /> Capital Project Expenditures $22,561,227 $71,500.71 $22,632,727.71
<br /> Total Costs $22,561,227 $71,500.71 $22,632,727.71
<br /> OCS Technology($716,087.44) - Project# 51011
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