title
Approve the Miscellaneous Budget Ordinance Amendment to Adjust Various Fund Budgets for FY 2022-23.
body
Staff:
Department:
Amy Oland, Director
Business Management
Matt Brinkley, Assistant Director
Overview: After the council approves the annual budget, periodic changes require the Town to amend the current budget.
Recommendation(s):
That the Council:
* Enact the attached budget ordinance amendment to adjust the General Fund, Capital Improvement Fund, Vehicle Maintenance Fund, Climate Action Fund, and Library Gift Fund; and
* Enact the attached project ordinance amendment to adjust the Capital Project Ordinance Fund and the 2015 Streets & Sidewalks Bonds Fund
Key Issues:
* Capital Improvement Fund
Merritt Mill Lane Reallocation - On April 19, 2023, the Towns of Chapel Hill and Carrboro entered into a reimbursement agreement for the project stating that Carrboro will reimburse Chapel Hill for 1/3 of the costs associated with the project, or $6,165. The project includes a traffic analysis and a pavement marking plan for the road. The existing reimbursement agreement between the Town of Chapel Hill and the Town of Carrboro for the Merritt Mill Road Lane Reallocation project was amended to include a supplemental request from the pavement marking consultant. The amount that Carrboro will reimburse Chapel Hill is now $7,332, which is $1,167 more than previously accounted for. This reimbursement will be used for green paint and/or flexible delineators on Merritt Mill Road to compliment the new pavement markings when resurfaced in summer 2023. Enactment of the attached budget ordinance amendment would recognize and appropriate the $1,167 in reimbursement funds from Carrboro.
* Vehicle Maintenance Fund
The anticipated costs for fleet maintenance in the current year are anticipated to exceed the budget allocation for FY 2023. The aging fleet along with the increased cost of parts and outsourcing repairs have contributed to the overall budget shortfall....
Click here for full text