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Approve the Miscellaneous Budget Ordinance Amendment to Adjust Various Fund Budgets for FY 2020-21.
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Staff:
Department:
Amy Oland, Director
Business Management
Matt Brinkley, Assistant Director
Overview: After the Council adopts 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, Stormwater Fund, and the Capital Improvements Fund; and
* Enact the attached project ordinance amendments to adjust the Affordable Housing Fund, Housing Capital Grants Fund, and the 2015 Streets and Sidewalks Bond Fund.
Key Issues:
* General Fund
Friends of Chapel Hill Parks & Recreation - In FY21 the Town of Chapel Hill Parks and Recreation Department entered into a Performance Agreement with the Friends of Chapel Hill Parks and Recreation. This nonprofit organization was created in the 1980's to enhance the Town of Chapel Hill's parks, greenways and recreational programs and facilities.
The Town of Chapel Hill's Parks and Recreation Department has received a gift of $13,748 from the Friends of Chapel Hill Parks and Recreation for the purpose of supporting the Department's programs and facilities. Some specific program areas intended for this gift include aquatics, athletics, the Chapel Hill Community and Hargraves Community Centers, pickleball, therapeutics, and volleyball. Enactment of the attached budget ordinance amendment would recognize and appropriate the $13,748 in Friends funds for support of Parks and Recreation programs.
Retiree Health Reimbursement - The Town administers a defined contribution plan through ICMA that is used to provide other postemployment benefits (OPEB) for all retirees who were hired after July 1, 2010. The Town contributes $35 per biweekly payroll and employees contribute 1% of pretax earnings to a retiree employee health savings plan in their name. Participation is mandatory and the emp...
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