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10 <br /> Environment, Agriculture, Parks and Recreation <br /> 19.The New Hope Creek Preserve Project within the County Capital Fund has Historical <br /> Preservation Grant funding and Municipal Contribution funding that were historically <br /> identified for the project. These funds were subsequently approved and awarded to <br /> Durham County as Orange County's partner. To improve the project tracking, this funding <br /> will be removed from the project. This amendment reduces the appropriations for these <br /> projects by $237,500 within the County Capital Fund, outside of the General Fund and <br /> updated the following project ordinance. <br /> New Hope Creek Preserve ($237,500) - Project# 20027 <br /> Revenues for this project: <br /> Current FY 2025-26 FY 2025-26 <br /> FY 2025-26 Amendment Revised <br /> Grant Funding $215,000 $(200,000) $15,000 <br /> Alternative Financing $112,500 0 $112,500 <br /> Transfer from General Fund $185,000 0 $185,000 <br /> Appropriated Fund Balance $12,500 0 $12,500 <br /> Municipal Contributions $215,000 $(37,500) $177,500 <br /> Total Project Funding $740,000 $(237,500) $502,500 <br /> Appropriated for this project: <br /> Current FY 2025-26 FY 2025-26 <br /> FY 2025-26 Amendment Revised <br /> Project Expenditures $740,000 $(237,500) $502,500 <br /> Total Costs $740,000 $(237,500) $502,500 <br /> ALIGNMENT WITH STRATEGIC PLAN: This item supports: <br /> • GUIDING PRINCIPLE — STEWARDSHIP AND ADVOCACY <br /> We make proactive data supported decisions and advocate to local, state and Federal <br /> governments in response to our community's needs in a way that best utilizes our <br /> resources. <br /> ARPA Fund <br /> 20.The final rule of the American Rescue Plan Act (ABPA) requires that all interest earned <br /> from investments of ARPA funds be spent on expenses that would be eligible under the <br /> requirements set forth in the final rule. This budget amendment appropriates $179,729 of <br /> interest earned from investments of ARPA funds to three (3) existing ARPA projects <br /> focused on housing repair, landlord incentives, and emergency housing assistance in the <br /> Coronavirus State and Local Fiscal Recovery Fund, and amends the following grant project <br /> ordinance. <br />