Orange County NC Website
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 $2153000 $ (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 $74% 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 (ARPA) 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 /> i <br /> i <br />