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File #:
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24-0398
Version:
1
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Name:
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Type:
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Action Item
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Status:
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Consent Agenda
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On agenda:
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7/8/2024
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Final action:
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Title:
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Approval of Capital Project Amendment No.25CPA00003 Closing Multiple Completed Capital Projects; Budget Ordinance Amendment No.25BCC00003 Reducing Several Capital Project Budgets to $0 and Transferring the Remaining Balance to the Debt Service Fund; and Budget Ordinance Amendment No.25BCC0004 Reducing the Sewer Utility Capital Project (7100SE62) to $0 and Transferring the Remaining Balance to the Sewer Utility Fund
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Item:
Title
Approval of Capital Project Amendment No.25CPA00003 Closing Multiple Completed Capital Projects; Budget Ordinance Amendment No.25BCC00003 Reducing Several Capital Project Budgets to $0 and Transferring the Remaining Balance to the Debt Service Fund; and Budget Ordinance Amendment No.25BCC0004 Reducing the Sewer Utility Capital Project (7100SE62) to $0 and Transferring the Remaining Balance to the Sewer Utility Fund
Body
Date of BOCC Meeting: July 8, 2024
Request for Board Action:
Agenda Text
The Board is requested to approve Capital Project Amendment No.25CPA00003 officially closing multiple completed capital projects; Budget Ordinance Amendment No.25BCC00003 reducing several capital project budgets to $0 and transferring the remaining availability to the Debt Service Fund; and Budget Ordinance Amendment No.25BCC0004 reducing the Train 3 Rehab Capital Project (7100SE62) to $0 and transferring the balance to Sewer Utility Fund.
The following list of projects are ready to be closed. All funds for these projects were either entirely expended or transferred (through previous Board action) to other funds. All balances are zero dollars. The closing of these completed projects is a technical issue as completed/final capital projects cannot become a final asset (when County owned) and begin depreciation until they are officially closed by the Board.
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Project Name and Number |
Final Budget |
Project Status |
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County Courthouse Elevator Repair Project (4190DC085) |
$140,000.00 |
Closing |
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Sap S4 Hana Erp Upgrade (4200DC109) |
$83,629.73 |
Closing |
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20 It Hardware Upgrade (4200DC120) |
$2,129,699.00 |
Closing |
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Detention Center Security Modifications (4310DC088) |
$234,455.35 |
Closing |
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Bull City United (47302635DC153) |
$6,000,000.00 |
Closing |
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Shoppes Of Hope Valley (47302635DC154) |
$11,992,235.46 |
Closing |
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Research Triangle Foundation Park Center (49901240ED001) |
$20,000,000.00 |
Closing |
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Museum Exhibit Upgrades And Maintenance (61903100CD035) |
$2,053,542.00 |
Closing |
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Museum Classrooms Expansion (61903100CD036) |
$3,094,522.00 |
Closing |
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Museum Entry Plaza And Lobby Renovation (61903100CD037) |
$1,819,641.00 |
Closing |
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Museum New Parking Deck (61903100CD038) |
$7,100,000.00 |
Closing |
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Twwtp Water Line Extension Project(71006011SE059) |
$232,536.00 |
Closing |
The following list of projects are recently complete and are ready to have their remaining balance reduced to $0. The remaining funds will be transferred via the Budget Amendment to Debt Service Fund for annual debt service support or future capital expense:
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Project Name and Number |
Current Budget |
Increase / Decrease |
Updated Budget |
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Elections Equipment (41702100DC001) |
$ 860,000.00 |
$ (1,591.29) |
$ 858,408.71 |
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Tax Department Software Replacement (4140DC001) |
$ 1,350,000.00 |
$ (37,787.25) |
$ 1,312,212.75 |
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Alliance Backfill Renovation Project (4730DC145) |
$ 1,567,400.00 |
$ (2,810.57) |
$ 1,564,589.43 |
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Orange Factory Road Farm Campus (4730DC157) |
$ 2,137,000.00 |
$ (21,272.07) |
$ 2,115,727.93 |
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TOTAL |
$ 5,914,400.00 |
$ (63,461.18) |
$ 5,850,938.82 |
The following project is complete and ready to have its remaining balance reduced to $0. The funds will be transferred via Budget Amendment to the Sewer Utility Fund for future use:
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Project Name and Number |
Current Budget |
Increase / Decrease |
Updated Budget |
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Train 3 Rehab Project (7100SE062) |
$ 900,000.00 |
$ (83,036.29) |
$ 816,963.71 |
Alignment with Strategic Plan: This request relates to the following elements of the Durham County Strategic Plan: the effort aligns with Goal #5 (Accountable, Efficient, and Visionary Government).
Resource Persons: Crystally Wright, Chief Financial Officer; Keith Lane, Budget Director; David Ades, Assistant Budget Director
County Manager’s Recommendation: The County Manager recommends approval of Capital Project Amendment No.25CPA00003 officially closing multiple completed capital projects; Budget Ordinance Amendment No.25BCC00003 reducing several capital project budgets to $0 and transferring the remaining availability to the Debt Service Fund; and Budget Ordinance Amendment No.25BCC0004 reducing the Train 3 Rehab Capital Project (7100SE62) to $0 and transferring the balance to Sewer Utility Fund.
Signature
County Manager: ____________________________
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