Orange County NC Website
7 <br /> 15 , The County has identified that it will receive $ 400 , 000 in addition interest income , due to a <br /> higher interest rate environment . It is proposed that the County use $ 250 , 000 of these <br /> funds to offset increased utility expenses in the Asset Management Services Department , <br /> $ 100 , 000 to offset the increased costs of juvenile jail stays , and $ 50 , 000 to provide a <br /> backstop to the Inspection Fund , due to slowing permitting activity . This action increases <br /> the authorization in the General Fund by $ 400 , 000 and the Inspection Fund by $ 50 , 000 . <br /> SOCIAL JUSTICE IMPACT : There is no Orange County Social Justice Goal impact <br /> associated with this item . <br /> ENVIRONMENTAL IMPACT : There are no Orange County Environmental Responsibility Goal <br /> impacts associated with these items other than as noted otherwise above . <br /> FINANCIAL IMPACT : Financial impacts are included in the background information above . This <br /> budget amendment provides for the receipt of these additional funds in FY 2023 -24 and increases <br /> the authorization in the General Fund by $ 631 , 460 , the Multi -Year Grant Fund by $ 61 , 030 , the <br /> Inspection Fund by $ 50 , 000 , the County Capital Fund by $ 250 , 000 , the Annual Grants Fund by <br /> $ 17 , 364 , and the Drug Forfeiture Fund by $ 703 , 316 . <br /> RECOMMENDATION (S ) : The Manager recommends the Board approve the budget , grant , and <br /> capital project ordinance amendments for Fiscal Year 2023 -24 . <br /> i <br /> I <br /> I <br /> i <br />