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<br /> $674,035 to provide additional economic development incentives, and provides the same
<br /> amount to the two school districts split by the adjusted average daily membership (ADM)
<br /> allotment excluding Charter students. The two districts have requested the funds
<br /> supplement their Technology capital projects, amending the following capital ordinances
<br /> and increasing the authorization of the School Capital Fund by $674,035:
<br /> CHCCS Technology($415,503) - Project# 54013
<br /> Revenues for this project:
<br /> Current FY 2023-24 FY 2023-24
<br /> FY 2023-24 Amendment Revised
<br /> Bond Proceeds $1,862,121.00 $0 $1,862,121
<br /> Transfer from General Fund $11,721,104.00 $0 $11,721,104
<br /> Article 46 Proceeds $1,752,407.71 $415,503 $2,167,910.71
<br /> Alternative Financing $6,337,848.00 $0 $6,337,848
<br /> Total Project Funding $21,673,480.71 $415,503 $22,088,983.71
<br /> Appropriated for this project:
<br /> Current FY 2023-24 FY 2023-24
<br /> FY 2023-24 Amendment Revised
<br /> Capital Project Expenditures $21,673,480.71 $415,503 $22,088,983.71
<br /> Total Costs $21,673,480.71 $415,503 $22,088,983.71
<br /> OCS Technology($263,532) - Project# 51011
<br /> Revenues for this project:
<br /> Current FY 2023-24 FY 2023-24
<br /> FY 2023-24 Amendment Revised
<br /> Transfer from General Fund $4,533,897.00 $0 $4,533,897
<br /> Article 46 Proceeds $1,782,209.44 $263,532 $2,045,741.44
<br /> Transfer from Other Projects $244,099.00 $0 $244,099
<br /> Alternative Financing $6,337,848.00 $0 $6,337,848
<br /> Total Project Funding $12,898,053.44 $263,532 $13,161,585.44
<br /> Appropriated for this project:
<br /> Current FY 2023-24 FY 2023-24
<br /> FY 2023-24 Amendment Revised
<br /> Capital Project Expenditures $12,898,053.44 $263,532 $13,161,585.44
<br /> Total Costs $12,898,053.44 $263,532 $13,161,585.44
<br /> SOCIAL JUSTICE IMPACT: The following Orange County Social Justice Goal is
<br /> applicable to this item:
<br /> • GOAL: ENSURE ECONOMIC SELF-SUFFICIENCY
<br /> The creation and preservation of infrastructure, policies, programs and funding
<br /> necessary for residents to provide shelter, food, clothing and medical care for
<br /> themselves and their dependents.
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