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Approve the Miscellaneous Budget Ordinance Amendment to Adjust Various Fund Budgets for FY 2023-24.
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Staff:
Department:
Amy Oland, Director
Business Management
Matt Brinkley, Assistant Director
Overview: After the Council approves the annual budget, periodic changes require the Town Council to amend the current budget.
Recommendation(s):
That the Council:
* Enact the attached budget ordinance amendment to adjust the General Fund and Vehicle Maintenance Fund.
* Enact the attached project ordinance amendment to adjust the 2015 Streets and Sidewalks Bond Fund, the American Rescue Plan Act Fund, and 2018 Affordable Housing Bond Fund.
Key Issues:
* General Fund
Occupancy Tax - The performance agreement between the Town of Chapel Hill and the Chapel Hill/Orange County Visitors Bureau states that the Town will pay the Visitors Bureau 50% of any occupancy tax revenues received greater than $1,000,000. In FY 2023, the Town received $1,514,877 in occupancy tax receipts. Fifty percent of $514,877, or $257,439, is therefore due to the Visitors Bureau. Enactment of the attached budget ordinance amendment would reflect the additional payment of $257,437 to be made to the Visitors Bureau from appropriated fund balance from the General Fund.
Durham Technical Community College (DTCC) partnership - The Chapel Hill Fire Department has recently engaged in discussions with Durham Technical Community College (DTCC) to explore innovative ways of mitigating the costs associated with basic firefighter training. DTCC receives funding from the state based on a per-hour-per-student rate for the training provided. Through strategic partnership discussions, DTCC has expressed their commitment to contributing a portion of these funds toward the cost of our academy training. This initial contribution from DTCC for this program is $8,000. Enactment of the attached budget ordinance amendment would recognize the contribution of $8,000 from DTCC and allocate those funds to...
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