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Sportsplex Facility Maintenance/Replacements ($951000) - 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 $ 2427354 <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 $2421354 <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 /> i <br /> I <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 /> 3 <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 /> t <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 /> i <br /> s <br />