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1 <br /> ORD-2025-033 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: October 21, 2025 <br /> Action Agenda <br /> Item No. 8-b <br /> SUBJECT: Fiscal Year 2025-26 Budget Amendment #3 <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 /> 2025-26. <br /> Housing <br /> 1. The budgeted revenue and expenditures for the 2025-26 HOME Grant has been increased <br /> by $8,152. The HOME Grant is awarded annually by the United States Department of <br /> Housing and Urban Development (HUD) and provides funding for a wide range of <br /> affordable housing activities including building, buying, and/or rehabilitating affordable <br /> housing for rent or ownership. The Orange County Local Government Affordable Housing <br /> Collaborative coordinates the funding process for the HOME program, accepts and reviews <br /> applications from local housing organizations, and presents recommendations to the <br /> elected bodies of each jurisdiction for funding approval. Orange County received more than <br /> was budgeted for this grant from HUD which is reflected in this budget amendment. The <br /> revised revenue and expenditure budget for the 2025-26 HOME Grant will be $486,558. <br /> Revised 2025-26 HOME Grant($8,152) - Project#47325 <br /> Revenues for this project: <br /> Current FY 2025-26 FY 2025-26 <br /> FY 2025-26 Amendment Revised <br /> Grant Revenue $367,014 $8,926 $375,940 <br /> Program Income $0 $0 $0 <br /> Winmore Payments $13,306 $0 $13,306 <br /> Municipal Contributions $60,398 ($1,037) $59,361 <br /> Transfer from General Fund $37,688 $263 $37,951 <br /> Total Project Funding $478,406 $8,152 $486,558 <br />