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Approve the Miscellaneous Budget Ordinance Amendment to Adjust Various Fund Budgets for FY 2021-22.
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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 to amend the current budget.
Recommendation(s):
That the Council:
* Enact the attached budget ordinance amendment to adjust the General Fund, Downtown Service District Fund, Library Gift Fund, Debt Fund, and Off-Street Parking Fund; and
* Enact the attached project ordinance amendment to adjust the Housing Capital Grants Fund.
Key Issues:
* General Fund
The Town partnered with the University of North Carolina - Chapel Hill to reconstruct Country Club Road. The University committed $75,000 to this project. In November of 2021, the Town completed this project and received the funding from the University. Enactment of the attached budget ordinance amendment would recognize and appropriate the $75,000 from UNC for town-wide street resurfacing needs.
* Downtown Service District Fund
The FY 2021-22 budget included a budget of $100,000 for 140 West expenses. Based upon our analysis of anticipated expenditures through year end, we expect to need an additional $10,000 from fund balance for the Downtown Service District Fund to break even. Enactment of the attached budget ordinance amendment would allocate $10,000 in fund balance to ensure that the fund is balanced at year end.
* Library Gift Fund
The Chapel Hill Public Library has received a $900 donation from the East Chapel Hill Rotary Club Foundation to purchase native plants and trees to be installed in Pritchard Park in support of the Library's Explore More environmental education initiative. Enactment of the attached budget ordinance amendment would recognize and appropriate the $900 from the East Chapel Hill Rotary Club Foundation in support of the Library's Explore More project.
* Debt Fund & Off-Street Pa...
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