Title
Fiscal Year 2026-27 Budget Amendment #1
PURPOSE AND BACKGROUND: To approve budget, grant, and capital project ordinance amendments for Fiscal Year 2026-27.
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Department
DEPARTMENT: Finance
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BACKGROUND:
1. Public Works
a. Town Hall Renovation Project: Beginning in FY2024, Town Council approved the Town Hall Renovation capital improvement project for the Town facility located at 301 West Main Street. In FY2026, Council approved a Century Center Renovations capital improvement project for the renovation of the Town facility located at 100 North Greensboro Street.
Following additional review of both projects, staff recommend a renovation of the Century Center facility to become Town Hall. This amendment renames the Town Hall Renovation project to 301 W. Main Renovation and reduces the project budget by $15.75M. The amendment also renames the Century Center Renovations project to 100 N .Greensboro/Century Center Renovation/New Town Hall and increases the project budget by $15.75M.
2. Climate Action
a. Rebate Credit Program: The Town is in receipt of a $1,180 utility rebate for electric vehicle (EV) charger installation for Level 2 fleet-only EV chargers. This amendment authorizes the receipt and appropriation of these funds in the Climate Action Department’s budget to support utility monitoring software costs.
b. Energy Efficiency Revolving Loan Fund: This amendment closes the Energy Efficiency Revolving Loan Fund and transfers the remaining balance of $169,698 to the General Fund. The amendment also increases the General Fund appropriation by $169,698 to support the expansion of existing energy efficiency and weatherization projects under the Home Energy Program.
3. Police Department
a. Alcoholic Beverage Control (ABC): The Orange County Alcoholic Beverage Control (ABC) Board awarded the Police Department $18,000 in grant funding for FY 2026-27. These funds must be used and reported in a manner pursuant to N.C.G.S.18B-501(f). This amendment updates ABC Board Grant Project (#51008) in the Grant Fund and authorizes the receipt and appropriation of these funds.
b. North Carolina State Bureau of Investigation (SBI) Sworn Officer Bonus: The Town received $59,662 in state funding designated for bonuses to eligible sworn law enforcement officers. This amendment authorizes the receipt and appropriation of the funding for payment of bonuses to qualifying personnel, consistent with the intent of the award.
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Fiscal and Staff Impact
FISCAL AND STAFF IMPACT: This amendment increases appropriations by $230,540 in the General Fund, $18,000 in the Grants Multi-Year Fund, and decreases the Energy Efficiency Revolving Loan Fund’s appropriated fund balance by $169,698. The Capital Projects Fund has no net budget impact.
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RECOMMENDATION: The Manager recommends the Council approve the budget, grant, and capital project ordinance amendments for Fiscal Year 2026-27.