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Approve Miscellaneous Budget Ordinance Amendments to Adjust Various Fund Budgets for FY 2017-18.
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Staff:
Department:
Kenneth C. Pennoyer, Director
Business Management
Amy Oland, Assistant Director
Overview: After the Council approves the annual budget, changes occur that require the Town to amend the original budget.
Recommendation(s):
That the Council:
* Enact the attached budget ordinance amendment to adjust the General Fund, Grants Fund, Vehicle Replacement Fund, Transit Fund, and Transit Capital Reserve Fund; and
* Enact the attached project ordinance amendments to adjust the Affordable Housing Fund, Transit Capital Grants Fund, 2015 Streets and Sidewalks Bond Fund and Capital Projects Ordinance Fund; and
* Adopt the attached resolutions to accept the Summer Youth Employment Grant, 2017 BVP Grant, ABC Grant, and the FY 2017 CMAQ Bus Grant.
Key Issues:
* General Fund
Summer Youth Employment Grant - The Town of Carrboro has awarded the Town of Chapel Hill $10,000 to be used for salaries to continue the Summer Youth Employment Program for low-income youth between the ages of 14 and 18 years old who meet the income requirements and live in the Chapel Hill/Carrboro area. Adoption of the attached resolution would authorize acceptance of the Summer Youth Employment Award, and enactment of the attached budget ordinance amendment would establish the grant budget of $10,000.
Visitors Bureau - 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 2017, the Town received $1,187,510 in occupancy tax receipts. The amount above the $1,000,000 is $187,510. Thus, the total additional funding due to the Visitors Bureau is $93,755. Enactment of the attached budget ordinance amendment would reflect the additional payment of $93,755 to be made to the Visitors Bureau fr...
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