Agenda - 10-05-1999 - 8k - Laserfiche WebLink

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ORANGE COUNTY BOARD OF COMMISSIONERS Action Agenda Item No. 8- k ACTION AGENDA ITEM ABSTRACT Meeting Date: October 5, 1999 SUBJECT: Matching Allocation to JOCCA DEPARTMENT: Manager's Office PUBLIC HEARING: (Y/1~ BUDGET AMENDMENT: (Y/1~ ATTACHMENT(S): October 1998 .Letter from JOCCA August 1999 Letter and Auditor's Report from JOCCA _._ INFORMATION CONTACT: Albert Kittrell TELEPHONE N Hillsborough .Chapel Hill Durham Mebane UMBERS: - - ezt. 2307 732-8181 968-4501 688-7331 227-2031. PURPOSE: To consider appropriating $12,500 to Joint Orange Chatham Community Action Agency for their deficit reduction efforts. BACKGROUND: On December 1, 1998, JOCCA presented aone-time funding request to assist in reduction of a long-term deficit and strengthen their current financial .situation. The .attached October 1998 correspondence from JOCCA highlights the reasons for the deficit. After presentations from the JOCCA Board of Directors and discussion, the Board approved a dollar for dollar match of the amount JOCCA reduces their deficit, not exceeding $12,500, by the end of the 1998-99 fiscal year. The $12,500 amount represented approximately one half of JOCCA's deficit of $25,683. On August 31, 1999, JOCCA informed the County of its deficit reduction progress by submitting documentation from their auditors regarding the agency's financial condition at fiscal year end. This information has been reviewed by the County Finance Director, who acknowledges that the JOCCA deficit has been reduced by approximately $17,000. FINANCIAL IMPACT: Funds to carry out the Board's direction from December 1998 have been included in the reappropriation of fund balance that the Board has been requested to approve under Budget Amendment #3, elsewhere on this October 5 agenda. RECOMMENDATION(S): The Manager .recommends that the Board appropriate $12,500 as a matching deficit reduction allocation to JOCCA, with funds to be appropriated from fund balance in the General Fund.