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2 <br /> offset school related debt issuances . The County then substitutes an equivalent amount of <br /> County funding to pay-go fund School capital improvements . Chapel Hill Carrboro City <br /> Schools ' funding was $ 149 , 709 higher than budgeted , meaning the County will provide an <br /> additional $ 149 , 709 in capital funding to the district in the Fire Safety capital project . This <br /> amendment increases the authorization in the General Fund , the Debt Service Fund and <br /> the County Capital Fund by $ 149 , 7092 <br /> CHCCS - Fire/Safety/Security ($ 1491709) - Project # 54004 <br /> Revenues for this project : <br /> Current FY 2024-25 FY 2024-25 <br /> FY 2024-25 Amendment Revised <br /> Alternative Financing $ 1 , 526 , 173 $ 1 , 526 , 173 <br /> Transfer from General Fund $2 , 483 , 159 $ 14% 709 $ 2 , 6321868 <br /> 2/3rds Net Debt Bonds $250 , 000 $ 250 , 000 <br /> Lottery Proceeds $80 , 000 $80 , 000 <br /> Total Project Funding $4, 339 , 332 $ 149 , 709 $4, 4899041 <br /> Appropriated for this project : <br /> Current FY 2024-25 FY 2024-25 <br /> FY 2024-25 Amendment Revised <br /> Project Expenditures $4 , 339 , 332 $ 149 , 709 $4 ,489 , 041 <br /> Total Costs $4, 3392332 $ 149 , 709 $4,489, 041 <br /> 3 . The County is issuing $ 72 million in Series 2025 Limited Obligation Bonds . This financing <br /> will incur $475 , 000 in costs of issuance . These expenses will be budgeted in the Debt <br /> Service Fund , outside of the General Fund . <br /> 4 . In order to comply with new Governmental Accounting Standards Board (GASB ) <br /> pronouncements on leases and subscriptions , the County is setting up a new GASB Non - <br /> Cash Fund . This fund will account for the long -term obligations of each new lease or <br /> subscription , while the operating funds will pay the annual lease or subscription payment <br /> each year . The County must report all the long -term obligations as budgeted expenditures , <br /> which impacts the County' s budget versus actual reporting . This fund will segregate these <br /> budgeted expenditures into a discrete location , as to not inflate the actuals in the General <br /> Fund . This amendment sets up a budget of $ 10 , 000 , 000 for the GASB Non -Cash Fund . <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 <br /> an equitable , sustainable , innovative , and efficient way . <br /> Solid Waste <br /> 5 . Solid Waste has received $ 42 , 812 in insurance proceeds from a wrecked non - repairable <br /> Solid Waste vehicle and $ 125 , 089 in sale proceeds from Solid Waste Equipment and <br /> Vehicles . This amendment recognizes these funds and appropriates $ 167 , 901 in <br /> expenses within the following capital project in the Solid Waste Replacement and Renewal <br /> Fund , outside of the General Fund . <br />