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<br /> ORD-2024-016
<br /> Section XII. Encumbrances
<br /> Operating funds encumbered by the County as of June 30, 2024 are hereby
<br /> reappropriated to this budget.
<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 2024-25 budget, with anticipated fund
<br /> revenues of $15,889,808 and project expenditures of $15,889,808 is hereby
<br /> adopted in accordance with G.S. 159 by Orange County for the fiscal year
<br /> beginning July 1, 2024, and ending June 30, 2025, and the same is adopted by
<br /> project.
<br /> b. The Proprietary Capital Funds FY 2024-25 budget, consisting of Water and Sewer
<br /> Utilities, Solid Waste, and Sportsplex, with anticipated fund revenues of
<br /> $2,963,979, and project expenditures of $2,963,979 is hereby adopted in
<br /> accordance with G.S. 159 by Orange County for the fiscal year beginning July 1,
<br /> 2024, and ending June 30, 2025, and the same is adopted by project.
<br /> i. The Water and Sewer Capital Fund FY 2024-25 budget, with anticipated
<br /> sources of income of $500,000, and anticipated expenditures of $500,000 is
<br /> hereby adopted in accordance with G.S. 159 by Orange County for the fiscal
<br /> year beginning July 1, 2024, and ending June 30, 2025.
<br /> ii. The Solid Waste Renewal and Replacement Capital Fund FY 2024-25 budget,
<br /> with anticipated sources of income of $2,138,979, and anticipated
<br /> expenditures of$2,138,979 is hereby adopted in accordance with G.S. 159 by
<br /> Orange County for the fiscal year beginning July 1, 2024, and ending June 30,
<br /> 2025.
<br /> iii. The Sportsplex Renewal and Replacement Capital Fund FY 2024-25 budget,
<br /> with anticipated sources of income of$325,000, and anticipated expenditures
<br /> of$325,000 is hereby adopted in accordance with G.S. 159 by Orange County
<br /> for the fiscal year beginning July 1, 2024, and ending June 30, 2025.
<br /> c. The School Capital Projects Fund FY 2024-25 budget, with anticipated fund
<br /> revenues of $32,285,071, and project expenditures of $32,285,071 is hereby
<br /> adopted in accordance with G.S. 159 by Orange County for the fiscal year
<br /> beginning July 1, 2024, and ending June 30, 2025, and the same is adopted by
<br /> project.
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