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Agenda - 08-20-2002 - 8f
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Agenda - 08-20-2002 - 8f
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Last modified
7/17/2017 3:57:58 PM
Creation date
8/29/2008 10:49:55 AM
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BOCC
Date
8/20/2002
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
8f
Document Relationships
Minutes - 20020820
(Linked To)
Path:
\Board of County Commissioners\Minutes - Approved\2000's\2002
NA ORD-2002-022 Budget Amendment #1
(Linked From)
Path:
\Board of County Commissioners\Ordinances\Ordinance 2000-2009\2002
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2 <br /> 1998-99, Orange County has secured adoptive homes for 37 foster children. These funds <br /> are 100 percent federal monies, and require no county match. The receipt of these funds <br /> brings the current budget for the Adoption Incentive Program to $25,135 for FY 2002-03. <br /> This amendment provides for the receipt of these funds (See attachment 1, column #3). <br /> Cedar Ridge High School <br /> 4. During budget related conversations last spring the Orange County Schools indicated that <br /> start-up costs associated with opening the District's new high school, Cedar Ridge High, <br /> were just over $1 million. On June 27, 2002, the Commissioners allocated $500,000 in <br /> Certificates of Participation (COPS) related investment earnings to partially fund the start-up <br /> costs related to the opening of Cedar Ridge High School. This allocation increased the <br /> Cedar Ridge High School Capital Project budget from $27,960,000 to $28,460,000. <br /> Recently, the Orange County Schools identified additional sources of revenues that the <br /> Board of Education would like to use to make up the additional $500,000 needed for start-up <br /> costs: <br /> • Reallocate $225,000 from Orange County Schools Technology Capital Project to Cedar <br /> Ridge High School Capital Project. <br /> • Allocate $150,000 from Orange County Schools Impact Fee revenues to the Cedar <br /> Ridge High School Capital Project. <br /> • Appropriate $125,000 in Orange County Schools Unappropriated Fund Balance to fund a <br /> portion of the start-up costs. <br /> This amendment for the Cedar Ridge High School Capital Project Ordinance increases the <br /> funds available for the new school by $375,000 bringing the total project budget to <br /> $28,835,000. This includes $225,000 reallocated from the OCS Technology Capital Project <br /> and the allocation of $150,000 from the OCS Impact Fee Fund. No Commissioner action is <br /> required for the, additional $125,000 needed for start-up costs since that amount would be <br /> appropriated from the Orange County Schools available fund balance. The County's capital <br /> project ordinance would not reflect that particular appropriation. (See attached Cedar Ridge <br /> High School Construction Capital Project Ordinance, OCS Technology Capital Project <br /> Ordinance and column #4 of attachment 1). <br /> FINANCIAL IMPACT: Financial impacts are included in the background information above. <br /> RECOMMENDATION(S): The Manager recommends that the Board of County <br /> Commissioners approve the attached budget ordinance amendments, and Cedar Ridge High <br /> School and OCS Technology Capital Project Ordinances. <br />
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