AGENDA ITEM EXECUTIVE SUMMARY
ITEM TITLE*
title
Approve the Miscellaneous Budget Ordinance Amendment to Adjust Various Fund Budgets for FY 2024-25.
presenter
RESPONSIBLE STAFF, TITLE, DEPARTMENT*
Amy Oland, Director, Business Management Department
STAFF RECOMMENDATION*
That the Council:
* Enact the attached budget ordinance amendment to adjust the Climate Action Fund and Grants Fund; and
* Enact the attached project ordinance amendments to adjust the Community Development Block Grant Fund and the 2024 Streets & Sidewalks Bond Fund.
body
ACTION/DECISION POINTS*
By enacting the budget ordinance amendment, the Council adjusts the budgets for the Climate Action Fund and the Grants Fund. By enacting the project ordinance amendments, the Council adjusts the budget for the Community Development Block Grant Fund and the 2024 Streets & Sidewalks Bond Fund.
LEGISLATIVE CONTEXT*
After the Council approves the annual budget, periodic changes require the Town Council to amend the current budget, as described in state statute 159-15.
BACKGROUND AND CONTEXT*
Climate Action Fund:
Carryforward from prior year - Enactment of the attached budget ordinance amendment would reduce appropriated fund balance and the corresponding expenditures in the Climate Action Fund by $2,153 for the amount that should not have carried forward from FY 2024 to FY 2025.
Grants Fund:
Mobile Crisis Unit Grant year 2 amendment - Enactment of the attached budget ordinance amendment would recognize and allocate the additional $135,513 in grant funds passed through Orange County.
Community Development Block Grant Fund:
2020 CDBG - Coronavirus Grant - Enactment of the attached project ordinance amendment would unrecognize and unappropriate the remaining $6 in grant funds.
2024 Streets & Sidewalks Bond Fund:
Community Project Funding - Enactment of the attached project ordinance would recognize and appropriate the $500,000 in grant funding for the Ephesus Church Road Sidewalk Replacement project.
ATTA...
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