Issue/Action Requested:
Request that the Board of Commissioners approve Budget Amendments, Capital Project Ordinances and Fiscal Items of a routine nature presented on the consent agenda.
-LIEAP Energy Program Budget Amendment
Appropriate $55,727 of additional Federal Low Income Home Energy Assistance Funds for use in the Brunswick County LIEAP Program.
-Airport Grant 36244.58.10.3 and 36244.58.10.2 Grant Agreements, Resolution, Budget Amendment and Grant Ordinance.
Approve and authorize the chairman to sign the grant agreements and resolutions for Airport Grants 36244.58.10.3 in the amount of $460,982 with a local match of $51,221 and 36244.58.10.2 in the amount of $2,000,000 with no local match. The grant and local match were approved on the February 5, 2018 Board of Commissioners meeting. NC Department of Transportation split the grant into two grants in order to simplify processing of reimbursements and paperwork due to the differing local match requirements. Transfer $512,203 of funding to new airport grant 36244.58.10.3 to accurately reflect the changes from NCDOT-Aviation Division.
-Schools 2016 Bond Referendum Projects Budget Amendment and Project Ordinance
The Board of Education approved at their March 2, 2018 meeting and are requesting the Board of Commissioners to approve two transfers from the School Capital Funds held by the County for the benefit of the schools in the School Capital Reserves: (1) Transfer $2,000,000 of Sales Tax Contingency and $100,000 of Ad Valorem Contingency funds to the project for the Town Creek site work. This advanced funding will be reimbursed with the Phase 1 GO Bond issue and funds returned to the School Capital Reserves held by the County for the benefit of the Schools. (2) Transfer $2,840,000 Ad Valorem Contingency to project for the Town Creek unanticipated code work, unsuitable soils, grade adjustment, water pressure and gym/stage enlargement. Note that the $2,840,000 is not advanced funding and will not be reimbursed from Phase 1 GO Bond issue.
-Financial Reports for February 2018 (unaudited)
Included are Summary Information for General and Enterprise Funds, key indicators of Revenues and Expenditures and Cash and Investments. All reports provided at://brunswickcountync.gov/finance/reports
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