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4 <br /> Sportsplex Facility Maintenance/Replacements ($95,000) - Project#36001 <br /> Revenues for this project: <br /> Current FY 2024-25 FY 2024-25 <br /> FY 2024-25 Amendment Revised <br /> Alternative Financing $147,354 $95,000 $242,354 <br /> Total Project Funding $147,354 $95,000 $242,354 <br /> Appropriated for this project: <br /> Current FY 2024-25 FY 2024-25 <br /> FY 2024-25 Amendment Revised <br /> Capital Project Expenditures $147,354 $95,000 $242,354 <br /> Total Costs $147,354 $95,000 $242,354 <br /> ALIGNMENT WITH STRATEGIC PLAN: This item supports: <br /> • GOAL 1: ENVIRONMENTAL PROTECTION AND CLIMATE ACTION <br /> OBJECTIVE 2. Invest in our infrastructure to reduce the environmental impact of the <br /> County fleet/facilities and improve safety. <br /> • GOAL 2: HEALTHY COMMUNITY <br /> OBJECTIVE .7 Invest in services and programs that improve the health and quality of <br /> life of the community (e.g., recreation and public open spaces, arts, etc.) <br /> Miscellaneous <br /> 6. The FY 2024-25 Approved Budget included Wage Increase funds of$3,200,000, Merit Pay <br /> Adjustment of $440,000 and a Salary Savings allocation of -$4,469,900. This budget <br /> amendment provides for the allocation of these funds within the affected departments in <br /> the General Fund. <br /> 7. The County has identified that it will receive $450,000 in additional interest income, due to <br /> a higher interest rate environment. It is proposed that the County use $150,000 of these <br /> funds to offset increased utility expenses in the Asset Management Services department, <br /> $225,000 for Risk Management due to increased Worker's Compensation Premiums and <br /> Claims, and $75,000 to provide a backstop to the Inspection Fund due to slowing permitting <br /> activity. This increases the authorization in the General Fund by $450,000 and the <br /> Inspection Fund by $75,000. <br /> ALIGNMENT WITH STRATEGIC PLAN: This item supports: <br /> • MISSION STATEMENT — Orange County is a visionary leader in providing <br /> governmental services valued by our community, beyond those required by law, in an <br /> equitable, sustainable, innovative, and efficient way. <br /> Other Funds <br /> 8. The Health and Dental Fund, which funds employee and retiree health insurance, has <br /> experienced higher activity for Pre-65 Retirees for FY 2024-25 and is expected to exceed <br /> budget by$400,000. This amount will be covered using existing fund balance in the Health <br /> & Dental Insurance Fund, outside of the General Fund. <br />