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
Matt Brinkley, Assistant Director, Business Management
STAFF RECOMMENDATION*
That the Council:
* Enact the attached budget ordinance amendment to adjust the General Fund, Grants Fund, Capital Improvements (CIP) Fund, Debt Fund, Transit Fund, Stormwater Fund, and Public Housing Fund; and
* Enact the attached project ordinance amendments to adjust the Affordable Housing Fund and Transit 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, Capital Improvements (CIP) Fund, Debt Fund, Transit Fund, Stormwater Fund, and Public Housing Fund. By enacting the project ordinance amendments, the Council adjusts the budget for the Affordable Housing Fund and Transit 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:
Fire Water Rescue Truck - Enactment of the attached budget ordinance amendment recognizes and appropriates $69,050 in insurance proceeds for the purchase of a replacement Fire Water Rescue Truck.
Durham Technical Community College (DTCC) reimbursement - Enactment of the attached budget ordinance amendment recognizes and appropriates $24,550 in reimbursement funding from DTCC towards training supplies.
Grants Fund/CIP Fund:
Safe Routes to School Grant - Enactment of the attached budget ordinance amendment recognizes and allocates $124,000 in federal funding for the Safe Routes to School program as well as a local match from the bike/ped allocation in the Capital Improvements Fund in the amount of $31,000.
Debt Fund:
Debt Service Payments - Enactment of the attach...
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