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HomeMy WebLinkAboutAgenda - 06-07-2022; 8-d - Fiscal Year 2021-22 Budget Amendment #12 1 ORD-2022-017 ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: June 7, 2022 Action Agenda Item No. 8-d SUBJECT: Fiscal Year 2021-22 Budget Amendment #12 DEPARTMENT: Finance and Administrative Services ATTACHMENT(S): INFORMATION CONTACT: Attachment 1. Year-to-Date Budget Rebecca Crawford, (919) 245-2152 Summary Gary Donaldson, (919) 245-2453 Attachment 2. Loan Amendment Request PURPOSE: To approve a budget amendment for Fiscal Year 2021-22. BACKGROUND: Community Loan Fund The Orange County Rape Crisis (OCRC) was approved by the BOCC for a no interest Capital Loan in the amount of $24,340 in 2018. Subsequently, OCRC now wishes to make a property acquisition and is requesting an additional $48,000. OCRC has provided all of the required financial information for this capital loan. These funds will be provided from the County's Community Loan Fund pursuant to the County's Capital Loan Policy for Nonprofits. FINANCIAL IMPACT: Financial impacts are included in the background information above. The Community Loan Fund will increase by $48,000. SOCIAL JUSTICE IMPACT: There are no Orange County Social Justice Goal impacts associated with this item. ENVIRONMENTAL IMPACT: There are no Orange County Environmental Responsibility Goal impacts associated with this item. RECOMMENDATION(S): The Manager recommends the Board approve the budget amendment for Fiscal Year 2021-22. 2 Year-To-Date Budget Summary Fiscal Year 2021-22 Community Fund Budget Summary Loan Fund Original Budget* (excluding fund balance appropriation) $0 Additional Revenue Received Through Budget Amendment#12 (June 7, 2022) Grant Funds Non Grant Funds $48,000 Fund Balance for Anticipated Appropriations (i.e. Encumbrances) Fund Balance Appropriated to Cover Anticipated and Unanticipated Expenditures* $0 Total Amended Budget $48,000 Dollar Change in 2021-22 Approved Budget $48,000 % Change in 2021-22 Approved Budget 0% Authorized Full Time Equivalent Original Approved Full Time Equivalent Positions (includes Permanent and Time Limited) 0.000 Changes to Full Time Equivalent Positions 0.000 Total Approved Full-Time-Equivalent Positions for Fiscal Year 2021-22 0.000 Orange County 3 Rape Crisis Center Support. Advocacy, Dear FCO Donaldson May 26, 2022 c/o Orange County Government Board of Directors Kelly Holcombe I write today to amend the Orange County Rape Crisis Center's application for Capital Board President Expansion Loan funding based on a change of purpose. MarioMarion Brisk Brisk Since our application in 2018 we have committed to expanding our service provision to EmillyBrooke Jones Hillsborough and northern Orange County with the establishment of a second service site. Heather Nash While the commercial real estate market has been slow,we have recently come across an Kimberly Jones opportunity to purchase property at 210 Cornelius Street for the purpose of opening a Christian Lawson Hillsborough service site for sexual assault crisis response, case management, and Trish Noel prevention outreach. Joseph Polich Megan Quinn Lindsey Shiro The listing price for the property is $275,000. The OCRCC has secured funding in the Audrey Shore amount of$93,000 torwards this purchase,and has applied for an additional$110,000 from Tricia Smar the Cannon Foundation. This leaves a funding gap of approximately $72,000. Orange County previously approved our loan application in the amount of $24,343. We are Rachel Valentine requesting an increase in loan amount of $48,000 to bring the total loan amount up to Executive Director $72,343. I have provided Mr.Donaldson with the agency's 990 for FY 2019-2020 and FY 2020-2021. Please let me know if you have additional questions or information needs. Sincerely, Dacu�: CDE9938FABC7493... Executive Director 24-Hour Help Line:1-866-WE LISTEN/919-967-7273 0F THE 12L H CHAPEL HILL United Way 1506 East Franklin Street,Suite x#200,Chapel Hill,NC 27514 4W CARRBORo of the Greater Triangle c hamtom.a1 cammr',.- Certified Community Impact Partner 919-968-4647 1 info@ocrcc.org I www.ocrcc.org