The Capital Projects Fund provides major infrastructure improvements throughout Orange County as determined by the Board of County Commissioners by approval of the Capital Improvement Program. The millage rate has been modified over the years as other funding sources fluctuate. A portion of public service tax is normally transferred into this fund. A millage rate of 0.2500 mills is budgeted in FY 1996-97. This fund was established in FY 1989-90 to record debt service funding requirements for Certificates of Participation Issues.
Revenue is received from charges to participating divisions or departments.
This fund was closed out in FY 1994-95. This fund was established in FY 1995-96 and accounts for donations collected by the Children and Family Services Board. These funds benefit the children of Great Oaks Village or the children in the Family Services Program shelter under the supervision of the Human Services Department. The flexibility of commercial paper allows the County to issue increasing amounts of debt as needed for projects, and to pay back the debt when funds are available. Commercial paper notes are payable solely from legally available non-ad valorem revenues.