AGENDA ITEM EXECUTIVE SUMMARY
ITEM TITLE*
title
Miscellaneous Budget Ordinance Amendment for Various FY 2025-26 Fund Budgets
presenter
RESPONSIBLE STAFF, TITLE, DEPARTMENT*
Amy Oland, Director, Business Management Department
Matt Brinkley, Assistant Director, Business Management Department
STAFF RECOMMENDATION*
That the Council:
* Enact the attached budget ordinance amendment to adjust the General Fund, Grants Fund, Library Gift Fund, Vehicle Replacement Fund, Vehicle Maintenance Fund, and Capital Improvements Fund; and
* Enact the attached project ordinance amendments to adjust the 2015 Streets & Sidewalks Bond Fund, 2024 Streets & Sidewalks Bond Fund, and Transit Capital Grants Fund.
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ACTION/DECISION POINTS*
By enacting the budget ordinance amendment, the Council adjusts the budgets for the General Fund, Grants Fund, Library Gift Fund, Vehicle Replacement Fund, Vehicle Maintenance Fund, and Capital Improvements Fund. By enacting the attached project ordinance amendments, the Council adjusts the budget for the 2015 Streets & Sidewalks Bond Fund, the 2024 Streets & Sidewalks Bond Fund, and the Transit Capital Grants Fund.
LEGISLATIVE CONTEXT*
After the Council approves the annual budget, periodic changes require the Town Council to amend the current budget, as described in North Carolina General Statute ?159-15.
BACKGROUND AND CONTEXT*
General Fund:
USAR Taskforce - Enactment of the attached budget ordinance amendment recognizes and appropriates $10,949 in reimbursed FEMA funds for Fire supplies.
Payment in Lieu - Enactment of the attached budget ordinance amendment recognizes and appropriates $49,711 in payment in lieu funds.
Grants Fund:
FY24 State and Local Cybersecurity Grant Program (SLCGP) - Enactment of the attached budget ordinance amendment recognizes and allocates $250,000 in SLCGP funding to replace end-of-life technology and improve cybersecurity.
Library Gift Fund:
LSTA Conference Scholarship - Enactment of the attached budget ordinance ame...
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