HomeMy WebLinkAboutAgenda - 05-18-2010 - 4l1
ORANGE COUNTY
BOARD OF COMMISSIONERS
ACTION AGENDA ITEM ABSTRACT
Meeting Date: May 18, 2010
Action Agenda
Item No. ~ - ~ __
SUBJECT: Appropriations of Solid Waste Fund Balance for the Lands Legacy Project
DEPARTMENT: Financial Services PUBLIC HEARING: (Y/N) No
ATTACHMENT(S):
INFORMATION CONTACT:
Clarence Grier, (919) 245-2453
Michael Talbert, (919) 245-2153
PURPOSE: To appropriate Solid Waste Fund Balance to provide funding for the Lands Legacy
Project.
BACKGROUND: The Board of County Commissioners was presented a two year plan on
February 3, 2009 related to School and County Capital Projects. The plan was to fund a $5.9
million dollar shortfall from the General Fund. A total of $4.2 million dollars has been
appropriated from the General Fund, $3.5 million in Fiscal Year 2008/2009 and $.7 million in
Fiscal Year 2009/2010. The remaining $1.7 million has not yet been appropriated from the
General Fund.
In February 2009 staff analysis showed that the majority of the remaining shortfalls resulted
from differences between the pay-as-you-go funds budgeted for projects in the County Capital
Projects Fund and the funds actually transferred to the individual projects. Many of these
differences existed when the conversion to the MUNIS System occurred in 2003.
As an accounting reminder, the Board will recall that the Solid Waste Fund only has annual
appropriations that when not expended at the end of each fiscal year, the remaining funds lapse
into Fund Balance. The County Capital Projects Fund is established by a project ordinance and
the funds only lapse when the project is complete and the project is closed.
CURRENT SITUTATION: On December 11, 2007 the BOCC approved the purchase of 145
acres of land from Fred M. Kirby. Five acres of the total site was for a solid waste convenience
center. The final cost of the project was $1,548,013, with $50,000 coming from the Solid Waste
Fund. This $50,000 transfer was budgeted in Fiscal Year 2007/2008, but the transfer was
never completed to the Lands Legacy Project and the funds lapsed into the Solid Waste Fund
Balance. To complete funding for the Lands Legacy Project, an appropriation of $50,000 from
the Solid Waste Fund Balance needs to be transferred to the Lands Legacy Project.
The Board of Commissioners previously discussed this item at its May 11, 2010 work session.
FINANCIAL IMPACT: The appropriation of $50,000 from the Solid Waste Fund, while not
planned for this fiscal year, will not have a significant impact on the operation of the Solid Waste
Fund.
RECOMMENDATION(S): The Manager recommends the Board approve the appropriation of
$50,000 from Solid Waste Fund Balance to provide funding for the Lands Legacy Project.
Revenues:
Solid Waste Fund Balance Applied $50,000
Expenditures:
Transfer to the County Capital Projects Fund (Lands Legacy) $50,000