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50 <br /> Slide #11 <br /> OPTIONS FOR BOARD DISCUSSION <br /> Option 2: Utilize balance to offset county cost of <br /> Aging Dept <br /> • Funds would be used to offset county Aging costs. <br /> — For example: $190k subsidy to GF for 3 years. <br /> • Dept would only be able to use new donations to fund <br /> MAP projects. <br /> • County would be using one-time revenues to support <br /> ongoing expenses, creating future budget gap when <br /> balance is depleted. <br /> • Could jeopardize future Carol Woods donations. <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> Slide #12 <br /> OPTIONS FOR BOARD DISCUSSION <br /> Option 3: Identify other county programs that are <br /> consistent with the donation that could utilize one- <br /> time funding <br /> • County Staff investigated other department programs to <br /> look for collaboration opportunities <br /> — Aligns with Strategic Plan <br /> — Aligns with MAP efforts,Carol Woods charitable gift and targets aging <br /> demographic <br /> — Dept has ability to utilize one-time funds without creating ongoing operational <br /> obligations <br /> • Housing Urgent Repair Program <br /> — Can utilize funds based on existing relationships with contractors <br /> — Community advocacy group identified $2 million backlog of Naturally Occurring <br /> Affordable Housing repair work. <br /> — Can adjust existing program to restrict funds for aging residents and include aging <br /> safety investments ,r;�� <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br />