Item:
Title
Capital Project Amendment No. 21CPA000010 Reducing Eight Completed Capital Projects by the Remaining Balance and Budget Amendment No. 21BCC000041 Transferring $339,054.59 of the Remaining Funds to the Capital Financing Fund and $195,947.90 to the Debt Service Fund
Body
Date of BOCC Meeting: October 12, 2020
Request for Board Action:
Agenda Text
The Board is hereby requested to approve Capital Project Amendment No. 21CPA000010 reducing eight completed capital project remaining balances to zero, and Budget Amendment No. 21BCC000041 transferring $339,054.59 of the remaining funds to the Capital Financing Fund and $195,947.90 to the Debt Service Fund.
The following Capital Projects have been completed. Further Board action will be requested in the future to officially close these projects.
|
Project Name |
Project # |
Current Budget |
Increase/ (Decrease) |
Revised Budget |
|
Single Family Rehabilitation Program |
41201200DC095 |
$294,800 |
($1,972.96) |
$292,827.04 |
|
Single Family Rehabilitation 13 |
41201200DC097 |
$170,000 |
($2,414.73) |
$167,585.27 |
|
Scattered Site Housing Iii Project |
4120DC096 |
$412,000 |
($122.52) |
$411,877.48 |
|
Emergency Responder Radio Upgrade |
43203600DC002 |
$6,100,000 |
($178,671.54) |
$5,921,328.46 |
|
New Junction Road Industrial Site |
47302635DC140 |
$1,315,000 |
($12,766.15) |
$1,302,233.85 |
|
Rougemont Comm. Water System Ph Control |
47302635DC144 |
$97,545 |
($7,454.59) |
$90,090.41 |
|
Dtcc-Newton Building Expansion |
59205300CC009 |
$320,000 |
($320,000) |
$0.00 |
|
Dtcc-Northern Durham Expansion |
59205300CC010 |
$1,000,000 |
($11,600) |
$988,400.00 |
|
Total |
|
|
($535,002.49) |
|
The $535,002.49 remaining will be reduced from the corresponding Capital Project Funds and transferred to the Capital Financing Fund and Debt Service Fund per below tables for future use on other projects.
|
Capital Project Fund Name |
Amount to be Transferred to Debt Service Fund |
|
2010 Single-Family Rehabilitation Program |
$1,972.96 |
|
2012 Cdbg-Scattered Site Housing |
$122.52 |
|
2013 Single-Family Rehabilitation Program |
$2,414.73 |
|
2017 Lobs 2 |
$178,671.54 |
|
New Junction Road Industrial Site |
$12,766.15 |
|
Total |
$195,947.90 |
|
Capital Project Fund Name |
Amount to be Transferred to Capital Financing Fund |
|
Pay-As-You-Go Capital Project |
$339,054.59 |
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: Keith Lane, Budget & Management Services Director
County Manager’s Recommendation: The County Manager recommends that the Board approve Capital Project Amendment No. 21CPA000010 reducing eight completed capital project remaining balances to zero, and Budget Amendment No. 21BCC000041 transferring $339,054.59 of the remaining funds to the Capital Financing Fund and $195,947.90 to the Debt Service Fund.
Signature County Manager: ____________________________