HomeMy WebLinkAboutAgenda 06-17-2025; 8-d - Fiscal Year 2024-25 Budget Amendment #11 1
ORD-2025-023
ORANGE COUNTY
BOARD OF COMMISSIONERS
ACTION AGENDA ITEM ABSTRACT
Meeting Date: June 17, 2025
Action Agenda
Item No. 8-d
SUBJECT: Fiscal Year 2024-25 Budget Amendment #11
DEPARTMENT: County Manager's Office
ATTACHMENT(S): INFORMATION CONTACT:
Attachment 1. Year-to-Date Budget Kirk Vaughn, (919) 245-2153
Summary
PURPOSE: To approve budget, grant, and capital project ordinance amendments for Fiscal Year
2024-25.
BACKGROUND:
Miscellaneous
1. The No Fault Well Repair Fund has received additional revenue from Orange Water &
Sewer Authority (OWASA) and interest income from the fund. This amendment recognizes
additional total revenue of$20,166 in the No Fault Well Repair Fund, outside of the General
Fund, and appropriates this amount for well repair and treatment in the following Project
Ordinance:
Well Repair Fund($20,166) - Fund# 83
Revenues for this project:
Current FY 2024-25 FY 2024-25
FY 2024-25 Amendment Revised
Grant Funds $422,804 $10,000 $432,804
Interest on Investments $20,000 $10,166 $30,166
Total Project Funding $442,804 $20,166 $462,970
Appropriated for this project:
Current FY 2024-25 FY 2024-25
FY 2024-25 Amendment Revised
Project Expenditures $442,804 $20,166 $462,970
Total Costs $442,804 $20,166 $462,970
2. At the Business meeting on April 15, 2025, the Board approved drawing down $1,552,063
in accumulated lottery proceeds. The funds are to be used in the Debt Service Fund to
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offset school related debt issuances. The County then substitutes an equivalent amount of
County funding to pay-go fund School capital improvements. Chapel Hill Carrboro City
Schools' funding was $149,709 higher than budgeted, meaning the County will provide an
additional $149,709 in capital funding to the district in the Fire Safety capital project. This
amendment increases the authorization in the General Fund, the Debt Service Fund and
the County Capital Fund by $149,709.
CHCCS - Fire/Safety/Security($149,709) - Project# 54004
Revenues for this project:
Current FY 2024-25 FY 2024-25
FY 2024-25 Amendment Revised
Alternative Financing $1,526,173 $1,526,173
Transfer from General Fund $2,483,159 $149,709 $2,632,868
2/3rds Net Debt Bonds $250,000 $250,000
Lottery Proceeds $80,000 $80,000
Total Project Funding $4,339,332 $149,709 $4,489,041
Appropriated for this project:
Current FY 2024-25 FY 2024-25
FY 2024-25 Amendment Revised
Project Expenditures $4,339,332 $149,709 $4,489,041
Total Costs $4,339,332 $149,709 $4,489,041
3. The County is issuing $72 million in Series 2025 Limited Obligation Bonds. This financing
will incur $475,000 in costs of issuance. These expenses will be budgeted in the Debt
Service Fund, outside of the General Fund.
4. In order to comply with new Governmental Accounting Standards Board (GASB)
pronouncements on leases and subscriptions, the County is setting up a new GASB Non-
Cash Fund. This fund will account for the long-term obligations of each new lease or
subscription, while the operating funds will pay the annual lease or subscription payment
each year. The County must report all the long-term obligations as budgeted expenditures,
which impacts the County's budget versus actual reporting. This fund will segregate these
budgeted expenditures into a discrete location, as to not inflate the actuals in the General
Fund. This amendment sets up a budget of $10,000,000 for the GASB Non-Cash Fund.
ALIGNMENT WITH STRATEGIC PLAN: This item supports:
• MISSION STATEMENT — Orange County is a visionary leader in providing
governmental services valued by our community, beyond those required by law, in
an equitable, sustainable, innovative, and efficient way.
Solid Waste
5. Solid Waste has received $42,812 in insurance proceeds from a wrecked non-repairable
Solid Waste vehicle and $125,089 in sale proceeds from Solid Waste Equipment and
Vehicles. This amendment recognizes these funds and appropriates $167,901 in
expenses within the following capital project in the Solid Waste Replacement and Renewal
Fund, outside of the General Fund.
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Solid Waste Vehicle Replacements ($167,901) - Project#35000
Revenues for this project:
Current FY 2024-25 FY 2024-25
FY 2024-25 Amendment Revised
Alternative Financing $2,361,871 $2,361,871
Transfer from Solid Waste Fund $2,619,715 $2,619,715
Insurance Reimbursement $0 $42,812 $42,812
Sale of Fixed Assets $470,000 $125,089 $595,089
Total Project Funding $5,451,586 $167,901 $5,619,487
Appropriated for this project:
Current FY 2024-25 FY 2024-25
FY 2024-25 Amendment Revised
Vehicle Replacement Project Expenditures $5,451,586 $167,901 $5,619,487
Total Costs $5,451,586 $167,901 $5,619,487
ALIGNMENT WITH STRATEGIC PLAN: This item supports:
• GOAL 1: ENVIRONMENTAL PROTECTION AND CLIMATE ACTION
OBJECTIVE 2. Invest in our infrastructure to reduce the environmental impact of
the County fleet/facilities and improve safety.
Sheriff
6. The Sheriff's Office has received a quote of$236,689 for the installation of a Body Scanner
in the new Detention Center. This amendment will move $236,689 from the Body Camera
-Sheriff Project to Sheriff Equipment Capital Project in the County Capital Fund to fund this
purchase. The Body Camera project is no longer necessary, as the department purchases
Body Cameras through annual lease agreements, rather than upfront capital purchases.
This amendment revised the following Capital Project Ordinances:
Sheriff Dept Equipment($236,689) - Project# 30070
Revenues for this project:
Current FY 2024-25 FY 2024-25
FY 2024-25 Amendment Revised
Alternative Financing $517,798 $236,689 $754,487
Total Project Funding $517,798 $236,689 $754,487
Appropriated for this project:
Current FY 2024-25 FY 2024-25
FY 2024-25 Amendment Revised
Project Expenditures $517,798 $236,689 $754,487
Total Costs $517,798 $236,689 $754,487
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Sheriff Body Cameras (-$236,689) - Project#30071
Revenues for this project:
Current FY 2024-25 FY 2024-25
FY 2024-25 Amendment Revised
Alternative Financing $438,381 ($236,689) $201,692
Total Project Funding $438,381 ($236,689) $201,692
Appropriated for this project:
Current FY 2024-25 FY 2024-25
FY 2024-25 Amendment Revised
Project Expenditures $438,381 ($236,689) $201,692
Total Costs $438,381 ($236,689) $201,692
FINANCIAL IMPACT: The budget, grant, and capital ordinance amendments increases the
authorization in the General Fund by $149,709, the Debt Service Fund by $624,709, the School
Capital Fund by $149,709, The GASB Non-Cash Fund by $10,000,000, the Solid Waste R&R
Fund by $167,901 and the No Fault Well Repair Fund by $20,166.
RECOMMENDATION(S): The Manager recommends the Board approve the budget, grant, and
capital project ordinance amendments for Fiscal Year 2024-25.
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Year-To-Date Budget Summary
Fiscal Year 2024-25
Solid Waste No Fault
Fund Budget Summary General Fund School Capital Debt Service Renewal and Well GASB Non-
Fund Replacement Repair Cash Fund
Fund Fund
Original Budget Revenue $286,304,076 $32,285,071 $682,490 $1,181,869
Interfund Transfer Revenue $1,006,039 $31,390,000 $1,958,470
Fund Balance Appropiation $7,100,000 $2,249,713
Total Original Budget $294,410,115 $32,285,071 $34,322,203 $3,140,339 $0 $0
Additional Revenue Received Through
Budget Amendment#11 (June 17th)
Grant Funds $797,276 $149,709 $10,000
Non Grant Funds $669,923 $275,000 $475,000 $692,803 $10,166 $10,000,000
Additional Interfund Transfer Revenue $143,779 $318,959.00
Additional Fund Balance Appropriation $2,391,237
Total Amended Budget $298,412,330 $32,879,030 $34,946,912 $3,833,142 $20,166 $10,000,000
Dollar Change in 2024-25 Approved Budget $4,002,215 $593,959 $624,709 $692,803 $20,166 $10,000,000
%Change in 2024-25 Approved Budget 1.36% 1.84% 91.53% 58.62% 100.00% 100.00%