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ORD -2024 - 039` � � <br /> `� ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date : November 19 , 2024 j <br /> Action Agenda j <br /> Item No . 8 - d <br /> SUBJECT : Fiscal Year 2024 -25 Budget Amendment # 3 <br /> i <br /> DEPARTMENT : County Manager' s Office <br /> ATTACHMENT ( S ) : INFORMATION CONTACT : <br /> Attachment 1 . Year-to - Date Budget Kirk Vaughn , ( 919 ) 245 -2153 <br /> Summary <br /> PURPOSE : To approve budget , grant , and capital project ordinance amendments for Fiscal Year <br /> 2024 -25 . <br /> BACKGROUND : <br /> Visitors Bureau <br /> 1 . The Visitors Bureau is requesting use of $ 201 , 842 of its available unassigned fund <br /> balance for tourism initiatives . These funds will be utilized to continue business <br /> marketing and advertising strategies , build on a campaign to bring meetings and <br /> conferences to Chapel Hill , increase travel opportunities for employees , and support <br /> additional summer events in 2025 . This budget amendment provides for the $ 201 , 842 ! <br /> appropriation from the Visitors Bureau Unassigned Fund Balance . With this <br /> appropriation , $425 , 118 will remain in reserves , which represents 15 % of the budgeted G <br /> expenditures . <br /> is <br /> ALIGNMENT WITH STRATEGIC PLAN : This item supports : <br /> • GOAL 6 : DIVERSE AND VIBRANT ECONOMY <br /> OBJECTIVE 1 . Provide family- oriented and inclusive programming or other cultural <br /> events for residents and visitors . <br /> OBJECTIVE 5 . Increase access to and awareness of resources and assistance <br /> available to residents and businesses . <br /> Housing <br /> 2 . The budgeted revenue and expenditures for the 2024 -25 HOME Grant have been <br /> reduced by $ 47 , 481 . The HOME Grant is awarded annually by the US Department of <br /> Housingand Urban Development HUD and provides funding for a wide range of <br /> p ( HUD ) p g <br /> affordable housing activities including building , buying , and /or rehabilitating affordable <br /> housing for rent or ownership . The Orange County Local Government Affordable <br />