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Approve the Miscellaneous Budget Ordinance Amendment and Project Ordinance Amendments to Adjust Various Fund Budgets for FY 2019-20.
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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 original budget.
Recommendation(s):
That the Council enact the attached budget ordinance amendment to adjust the General Fund, Transit Fund, Transit Capital Reserve Fund, and the Vehicle Replacement Fund, and enact the attached project ordinance amendments to adjust the Transit Capital Grants Fund, 2015 Trails and Greenways Bond Fund, and 2015 Parks and Recreation Facilities Bond Fund.
Key Issues:
* General Fund
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 2019, the Town received $1,349,003 in occupancy tax receipts. Fifty percent of $349,003, or $174, 502, is therefore due to the Visitors Bureau. Enactment of the attached budget ordinance amendment would reflect the additional payment of $174,502 to be made to the Visitors Bureau from appropriated fund balance from the General Fund.
In August 2013, the Town received a $12,900 payment in lieu for sidewalk and amenities on South Roberson, and ADA accessible ramps and resurfacing on West Franklin Street. This project was completed using annual operating funds. Enactment of the attached budget ordinance amendment would apply the payment in lieu funds toward curb extensions at the intersection of West Franklin and Roberson, which are eligible uses for these payments.
In July 2013, the Town received a $20,148 payment in lieu for sidewalks, curb & gutter, and bike lanes along Old Lystra Road. The project as originally intended is unlikely to happen at this time because there are no bik...
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