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: ____________________________